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
Weyerhaeuser Establishes Preference For ATFS Certified Wood
One of the world’s largest forest products companies has announced a supply chain preference for certified material sourced from the American Tree Farm System (ATFS). For more than 89,000 family forest owners sustainably managing 27…
Wood Dust Warning Came Before Deadly B.C. Sawmill Blasts
Sawmills in B.C.’s Interior were warned wood dust was an explosive risk before two deadly sawmill explosions earlier this year, in which wood dust is suspected as a factor. But the advice took a back…
California Lumber Tax Dropped
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A proposed 1% additional sales tax on selected lumber products that was part of Governor Jerry Brown’s attempt to close a state budget gap has been dropped, much to the relief…
Sustainable Northwest Wood Debuts Dramatic New ‘Blue Pine’
A new stock of distinctively hued pine has arrived at Sustainable Northwest Wood. The Portland depot for sustainably harvested wood is now stocking Campground Blue Pine, a salvaged wood with a story to tell. Blue…
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.