Alamo Group completed the acquisition of Morbark for $352m.

Alamo Group, a manufacturer of equipments for infrastructure maintenance completed the acquisition of Morbark, a manufacturer of equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets for $352m. Morbark products include a broad range of tree chippers, grinders, flails and debarkers along with stump grinders, mulchers and brush cutters plus related aftermarket spare and wear parts. “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.” Ron Robinson, Alamo Group President and Chief Executive Officer.