Alamo Group Inc. has agreed to acquire 100 percent of the outstanding capital shares of Morbark, LLC, which manufactures equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets.
The products are marketed under the Morbark, Rayco, Denis Cimaf and Boxer Equipment brand names.
Ron Robinson, Alamo Group’s president and CEO said this: “Morbark is a well-run, profitable, and growing company in a sector that has been steadily improving. Their products expand and complement our range of vegetation maintenance equipment in an adjacent market. We are excited about the opportunities this acquisition will provide Alamo and we look to continue their existing strategic growth plan focused on product development and market expansion, supplemented with synergistic acquisitions.”
Source: Alamo Group | Member since 1952 | alamo-group.com