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
PTF BPI Announces 2023 Dates
The 7th biennial international Processing Technologies for the Forest and Bio-based Products Industries (PTF BPI) 2023 Conference will be held October 30 to Nov. 1, 2023 in St. Simons Island, Ga. at the King & Prince Resort…
GP Donates $100,000 To Volunteer Fire Department In Corrigan, Texas
The Corrigan Volunteer Fire Department, which has close to 25 active volunteers and answered more than 150 emergency calls in 2022, has kicked off a capital campaign to build a new fire station, which will cost $400,000. In support of this campaign, and in recognition of the three major facilities Georgia-Pacific operates (and the 1,000 people employed) in Polk County, Texas, the company has donated $100,000 to the effort…
Nashville Sets Perfect Stage For Lumber Conference
Lumber producers who made the trek to Room 205 and the 2023 Productivity & Efficiency Conference produced by Timber Processing and sponsored by Southern Forest Products Assn. (SFPA) were not disappointed as the event featured a wide range of speakers who delivered insights on different facets of mill operations…
Sawmillers Show Up At EXPO
After six shows in Atlanta, Ga. dating back to 2011, the Southern Forest Products Assn., host of the biennial Forest Products Machinery & Equipment EXPO, decided to move the 37th edition to Nashville, Tenn. Held August 23-25, this was an exciting change for exhibitors and attendees alike—the Music City Center was in the heart of the city, allowing everyone the chance to not only walk from the variety of hotels and top-notch restaurants to the show floor but also enjoy all that Nashville has to offer by way of its world-famous music scene…
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.