Alamo Group Acquires Morbark

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

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.

Latest News

Canfor Corp. Eyes U.S. Acquisitions Amid Lumber Duty Dispute

Canfor Corp., one of the world’s largest forestry companies, sees potential acquisition opportunities in the U.S. South as smaller companies struggle in the wake of carnage left by new softwood lumber duties. “We’ve got an…

Idaho Grant Helps College Train Woodworkers, Address Skill Gaps

North Idaho College has been awarded a $482,582 grant by the Idaho Department of Labor to train more than 200 workers in the wood products manufacturing industry. The two-year grant is a partnership with Lewis-Clark…

Washington Sawmill Restarts Production, Brings Back Jobs

It was about a year ago that the owners of Montesano’s Mary’s River Lumber mill on State Route 107 announced it would close. As a result, 38 people lost their jobs, the city lost revenue…

Roseburg’s Allyn Ford Talks Forestry, Wood Products At Chamber Meeting

Though the timber industry has faced recent challenges, Allyn Ford of Roseburg Forest Products has a positive outlook for the future of forestry. Ford discussed the state of the wood products industry at a Roseburg…

« Older Entries

Next Entries »

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us