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

Resolute Forest Products Idles Oakhill Sawmill

Roughly 100 employees at the Resolute Forest Products sawmill near Oakhill will be out of work as the effect brought by the parent company’s decision to indefinitely stop operations at the newsprint facility in Queens…

B.C. Forest Board Says Future Timber Supply At Risk

British Columbia’s independent forest practices watchdog says future timber supplies in the province are at stake and the Liberal government needs to get moving on management plans for pine beetle and fire damaged forests. A…

Canadian Forest Industry Applauds Pacific Trade Talks

The Forest Products Association of Canada (FPAC) welcomes the government’s acceptance into negotiations to reach a Trans Pacific Partnership (TPP) aimed at reaching a free trade deal with a group of important markets including Australia,…

Vancouver Sawmill Set For Millions Of Dollars In Upgrades

A Vancouver-based manufacturer of wood products has an ambitious plan to operate the largest single line sawmill on the coast of British Columbia. Western Forest Products Inc. plans to invest millions of dollars to upgrade…

« 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