Alamo Group Acquires Morbark
Stellex Capital Management, a middle market private equity firm, has entered into an agreement to sell Morbark, LLC, a leading manufacturer of high-performance equipment and after-market parts for the forestry, recycling, tree care, sawmill, land clearing and biomass markets, to Alamo Group for $352 million. The sale includes all assets and operations of Morbark and its affiliate brands.
“Together with Stellex, Morbark has achieved our strategic vision by greatly enhancing operations and implementing lean initiatives and best-in-class manufacturing practices that have resulted in new and improved redesigns, significant reductions in lead times, and improved delivery performance,” comments Dave Herr, CEO of Morbark.
Alamo Group is a leader in the design, manufacture, distribution and service of high-quality equipment for infrastructure maintenance, agriculture and other applications. The company, founded in 1969, has approximately 3,650 employees and operates 29 plants in North America, Europe, Australia and Brazil. The corporate offices of Alamo Group Inc. are located in Seguin, Texas and the headquarters for the Company’s European operations are located in Salford Priors, England.
RELATED ARTICLES
Latest News
Canada Pounces On NAFTA Ruling
Bruce Ralston, Canada Minister of Forests, released a statement in response to a North American Free Trade Agreement (NAFTA) panel ruling on Canada’s challenge of the U.S. Department of Commerce’s final dumping determination on softwood lumber…
Delta Computer Systems Enhances Identity, Leadership
Delta Computer Systems, Inc., a manufacturer specializing in industrial hydraulic motion controllers, is introducing a new business trade name, Delta Motion. Also at this time, Delta Motion announces a new and expanded slate of officers…
BID Group Acquires Quebec’s YGE
BID Group has completed its acquisition of YGE Inc., further enhancing BID’s product offerings within the wood processing saw and tooling sector. YGE Inc. is a supplier and service provider specializing in top-tier saw guides, grinders, and critical consumables catering to the wood processing industry…
West Fraser Invests In Newberry
West Fraser plans to expand its operations in Newberry County, SC. The $17.7 million project is expected to create 30 jobs. The investment at the company’s current location will include an additional 60 acres of land. The company also announced third quarter financial results…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.