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
California’s Big Creek Lumber Wary Of Growing Greenbelt
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Anyone entering the mill at Big Creek Lumber, south of Pescadero, is immediately hit by a sensory overload — a cacophony of saws, the rattle of conveyor belts and a prominent…
U.S. Hardwood Lumber Sellers Facing Fresh Headwinds
Hardwood lumber sellers will face some headwinds this summer from sluggish new home starts and existing home sales, reduced remodeling market growth, and slower exports. Year-on-year growth in sales of kitchen cabinets, residential flooring and…
Colorado Timber Products: Making Money From Beetle Mayhem
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The beetle epidemic that’s swept Colorado’s forests since 1996 has left behind millions of acres of dead trees. But that doesn’t mean all the trees are worthless. There is a window…
Babine Forest Products Contests $1 Million Fine For Fatal Explosion
Babine Forest Products Ltd. is contesting a $1 million penalty imposed by WorkSafeBC for the January 2012 sawmill fire and explosion that killed two employees and injured 20 others. Babine Forest Products said it is…
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.