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
BID Continues Digital Growth
The BID Group of Companies has expanded upon its use of PTC’s products to include Vuforia Augmented Reality (AR) offerings, in particular Vuforia Chalk remote experience software. Prior to leveraging Vuforia Chalk, BID deployed PTC’s…
Next Xylexpo To Be Held In 2022
The Board of Cepra-Centro promozionale Acimall, orgaziners of Xylexpo, speaking through its president Lorenzo Primultini, officially canceled the 2020 show on July 6, 2020. Initially scheduled for late May in Milan, Italy, Xylexpo was first…
TP&EE Announces Cancellation
Organizers of the Timber Processing & Energy Expo announced the cancellation of the event, which was scheduled for September 30 to October 2 at the Portland Exposition Center in Portland, Ore…
Conservation Group Buys Maine Timberland Tract
The Conservation Fund has purchased 15,408 acres of Maine woodland from Chadbourne Tree Farms LLC in Oxford County. The primarily white pine tract was assembled by the…
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.