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
Pinnacle Renewable Energy To Be Acquired By Drax Group
Pinnacle Renewable Energy Inc. has entered into an arrangement agreement with Drax Group and its wholly-owned subsidiary, Drax Canadian Holdings Inc., pursuant to which Drax will acquire all of the issued and outstanding…
Robert Jordan, IV Named Timber Processing Magazine 2021 Person Of The Year
Robert Jordan, IV, president and CEO of the Jordan Companies, is the 2021 Timber Processing Person of the Year, 14 years after his father, Bob Jordan, received the annual award, now in its 33rd year. Truly…
Lucidyne Transverse Scanner
Microtec’s recent acquisition of Lucidyne creates a significant global lumber scanning portfolio. Microtec has demonstrated success across a range of scanning solutions and Lucidyne’s GradeScan is a gold standard for lineal scanning….
Housing Starts Finish Year With A Bang
U.S. housing starts, thanks to the single-family market, finished 2020 on a surge, with December housing starts at a seasonally adjusted rate of 1.669 million, a 5.8% increase over November and 5.2% increase compared to December…
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.