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
GP Redeveloping Headquarters Site
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Georgia-Pacific announced in September initial plans for one of the country’s largest mixed-use redevelopments and the intent to transform its iconic 51-story world headquarters in downtown Atlanta and the surrounding city…
Comact Releases 100th Anniversary Short Film
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Comact, a leading OEM in high-caliber wood processing equipment, digital technologies, cutting solutions, project services, and aftermarket support supplier, is proud to celebrate its 100th anniversary with a short film that…
Combilift Named “Company of the Year” By KPMG Ireland
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Combilift, the global leader in material handling solutions, has been awarded Company of the Year at the prestigious Business & Finance Awards 2024, in association with KPMG Ireland. This remarkable achievement…
KDS Windsor Offers CDK Virtual Tour
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); KDS Windsor is offering a virtual tour of a recently completed installation of its continuous dry kiln designed to deliver an annual production of 150MMBF at a sawmill in Greenville, NC.…
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.