Jan. 4, 2019 - Morbark has announced that it 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.
Sept. 4, 2018 - Caterpillar has announced that it has entered into a preliminary agreement with Weiler, Inc. to sell the Cat® purpose-built forestry business. The sale is subject to negotiation of a final agreement, the closing of which is expected by early 2019.
Dec. 6, 2017 - Bandit Industries will spend all of 2018 celebrating its 35th anniversary at its mid-Michigan facility, with a world-wide dealer network, and with many thousands of customers spanning multiple industries.
Nov. 6, 2017 - Morbark has announced 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.
Sept. 6, 2016 - The new UltraGrinder by ArborWolf is the only stump grinder attachment in the industry with a radial piston motor for maximum productivity, a cushioned parallelogram mechanism for drivetrain protection and teeth on both sides of the cutting wheel to allow for dual-direction cutting. It also features proven Greenteeth® technology as standard equipment.
July 26, 2016 - Morbark, LLC, is pleased to announce the territory and product line expansion of Cardinal Equipment, Inc. Cardinal, previously a Morbark industrial equipment dealer and distributor for the Boxer® line of compact utility loaders, will now offer Morbark Tree Care Products in Ontario, Canada, south of the 46th parallel. Cardinal opened a new location in Port Perry, Ontario, to help facilitate this expansion.
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