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
Bioenergy Key To Reopening Canfor’s Radium Sawmill
Canfor has begun the process of reopening its sawmill in Radium, B.C., and says bioenergy has been...
California Governor Signs Bill Boosting State’s Timber Industry
Gov. Jerry Brown signed legislation Tuesday enacting a new tax on lumber sales and restricting...
Malheur Lumber To Postpone Closure
U.S. Senators Ron Wyden (D-Ore.) and Jeff Merkley (D-Ore.) announced on Tuesday that Malheur...
Lumber Markets In The U.S. Improving
The North American lumber market has, to a large extent, been a buyers market since the beginning...
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.