Morbark LLC announced on January 4th that it 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. Rayco Manufacturing was purchased by Morbark in October 2017.
DENIS CIMAF was founded in 1998 and specializes in the development of high-performance brushcutter/mulcher attachments for excavators, skid steers, forestry tractors, graders and other types of heavy equipment. The company manufactures three main lines of products: the DAH series, industrial mulcher attachments for excavators; the DAF series, attachments for skid steers and other dedicated carriers; and the EWF series, dedicated hydraulic power packs. The Company celebrated its 20th anniversary in business this past summer.
“The DENIS CIMAF team and I are extremely excited to be joining the Morbark family,” said Benjamin Denis, the newly appointed General Manager of DENIS CIMAF. “DENIS CIMAF is a fantastic business with committed and passionate associates, a great track record and enormous global potential. Being part of the Morbark family will enable us to continue to grow the business farther and faster.”
You can read the press release here; https://www.morbark.com/press-releases/acquisition-gives-morbark-global-mulcher-attachment-product-line/