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
Worldwide Softwood Lumber Demand Pushes Prices Higher
Increased demand for softwood lumber worldwide has pushed lumber prices higher, especially in the United States and China during the first half of 2017, according to the Wood Resource Quarterly, published by Wood Resources International…
Montana Senators Take Aim At Canadian Lumber Exports
Montana’s two U.S. Senators testified Wednesday before a federal commission tasked with investigating Canadian lumber export practices. Sens. Steve Daines (R) and Jon Tester (D) were joined by colleagues from other western states and representatives…
Georgia-Pacific Plans To Build Mill At Talladega
Georgia-Pacific reports that it plans to build a $100 million sawmill in Talladega, Ala. at the site of a plywood plant that GP closed in 2008. Construction of the 300,000 sq. ft. operation is scheduled…
Northwest Hardwoods Moves Into New Wood-Forward Headquarters
In June 2017, Northwest Hardwoods (NWH) moved its company headquarters, home to about 60 employees, four blocks to a new office space in Tacoma, WA. The purpose of the move, says Brian Narramore, Vice President…
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.