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
Idaho Forest Group Upgrading Sawmill Equipment
Idaho Forest Group is installing new equipment at its sawmill in Nez Perce County that will double the capacity of the facility. Company President Scott Atkison tells the Lewiston Tribune the company is putting in…
WorkSafeBC Revises Rules, Cracks Down On Sawmills
B.C. forest companies face new, prescriptive regulations that define how much sawdust can settle in a wood-products plant before it is considered a hazard, almost two years after the deaths of four workers in sawmill…
Canfor Invests $15 Million In Alberta Sawmill
Grande Prairie’s Canfor sawmill recently received a capital investment grant from the Canfor Corporation in the amount of $15 million to perform some necessary upgrades to the facility. The planned work includes upgrades in controls…
Saskatchewan’s Carrier Forest Products Sawmill To Close
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A Saskatchewan sawmill is shutting down and its remaining 12 workers have been given layoff notices. Operations at Carrier Forest Products in the Prince Albert area are to cease entirely later…
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.