Stellex Capital Management, a middle market private equity firm, has announced that it has entered into an agreement to sell Morbark, LLC, the 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.
|Address||8507 S. Winn Rd., PO Box 1000, Winn, MI, 48896, US|
Morbark builds equipment that creates opportunities in the forestry, recycling, sawmill, bio-energy, and tree care markets. Morbark equipment helps customers process organic materials into valuable products.
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Morbark, LLC, announced that longtime Industrial Sales Representative Larry Burkholder will retire after nearly 57 years with the Company, effective June 28.
Morbark has recognized seven Tree Care dealers and one Industrial Products dealer with Gold Tier status for 2019, based on their performance during 2018.
Morbark, LLC has completed the acquisition of DENIS CIMAF, Inc., based in Roxton Falls, Québec. This transaction represents the company's second acquisition since private equity firm Stellex Capital Management LP acquired Morbark in 2016. The acquisition of Rayco Manufacturing in October 2017, brought a lineup of innovative equipment into the Morbark family across multiple product categories. In particular, Rayco stump cutters, aerial trimmers, forestry mulchers and crawler trucks. The purchase of DENIS CIMAF is another step in the Company's strategic focus on broadening the range of tree care and industrial equipment, aftermarket parts, and service offered to their Customers.
Multiple major manufacturers of horizontal grinders have released new models in 2018. HOGS, as they are sometimes called (HOrizontal GrinderS), are unquestionably the workhorse of the wood recycling industry and are a key piece of equipment for composters, land clearing contractors and biomass-for-energy producers, as well as C&D and MSW processors, where in both cases, wood and other organics are part of a mixed stream of materials. The latest model horizontal grinders feature lighter weights with higher production, increased transportability and site mobility, diesel, hybrid and fully electric power options, along with sophisticated controls systems, and ease of use and maintenance for operators and owners. This article looks at the latest horizontal grinder models and updates from Morbark, CW Mill, Rotochopper, CBI, Diamond Z, Bandit, Vermeer, Precision Husky, and Peterson Pacific.
The 6400XT Wood Hog, introduced in May 2018 is the newest model in Morbark's next-generation platform of horizontal grinders.
Morbark hosts 12th Demo Days, debuting new 23X Chiparvestor and showing latest grinders and chippers
Morbark's Demo Days event always brings a great deal of excitement to the area and its guests, and this year was no exception! From September 26-28, Morbark welcomed more than 250 guests within the forestry, biomass, recycling, sawmill and tree care industries from 14 countries for its 12th Demo Days event!
Morbark, LLC, a leading manufacturer of forestry, biomass, tree care, sawmill, and wood recycling equipment, recently debuted two new machines: the 6400XT Wood Hog Horizontal Grinder and the 50/48X Whole Tree Drum Chipper.
Morbark, LLC (Morbark) has announced that it has completed the acquisition of Rayco Manufacturing, Inc. (Rayco). This transaction represents the first addition since affiliates of the private equity firm Stellex Capital Management LP (Stellex) acquired Morbark in 2016. The purchase of Rayco represents a significant move towards the Company's strategic focus on broadening the range of tree care and industrial equipment, aftermarket parts, and service offered to their Customers.
Morbark debuted the 3400XT Wood Hog horizontal grinder at this year’s CONEXPO show.
Morbark, a leading manufacturer of equipment used in forestry, recycling, tree care, landscaping, sawmill and biomass markets, has announced the appointment of David Herr as Chief Executive Officer. In addition to being an active member of the current Morbark Board, he brings extensive knowledge from experience with both products and services companies. He replaces Dan Ruskin, who resigned due to health issues.
Morbark, LLC, is pleased to announce that it has signed agreements with Equipment Sales & Service Limited and Van Bemmel Machine Import BV to become Morbark equipment dealers.
Morbark, LLC, has announced it will be placing a greater emphasis on providing forestry, recycling and tree care customers with the option of purchasing factory-refurbished and remanufactured equipment. For many years, Morbark has been restoring customer-owned equipment, trade-in machines and acquired units back to a field-ready state. The company’s dedication of personnel and resources to this business initiative is in response to the increasing demand for this type of equipment.
Morbark, LLC, has announced its Board of Directors has appointed Dan Ruskin as Chief Executive Officer effective immediately. The announcement coincides with the recent sale of Morbark to Stellex Capital Management, a private equity manager that invests in both U.S. and international corporations.