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
Maine Executive Order Puts Forest Certification On Equal Footing
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Maine Governor Paul LePage signed an executive order today directing that “any new or expanded state buildings shall incorporate ‘Green Building’ standards that give certification credits equally to forest products grown,…
National Softwood Lumber Board Appointed
The U.S. Dept. of Agriculture has appointed 19 representatives to serve on the first national Softwood Lumber Board to oversee the new “check-off” lumber promotion effort. Members will serve two-, three- or four-year terms. Members…
Failed Yukon Sawmill Investors Hopefully Await Court Ruling
A group of 120 shareholders who invested in a failed Watson Lake sawmill 13 years ago are hopeful they’ll be paid back soon by Ottawa if a federal court of appeals upholds their award. The…
Canfor Announces Permanent Closure Of Rustad and Tackama Mills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); After a lengthy indefinite shutdown that followed the collapse of the United States residential housing market in 2008, Canfor Corporation has decided to close its historic Rustad Sawmill in Prince George,…
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.