Morbark, LLC, based in Winn, Michigan, recently announced that it completed the acquisition of DENIS CIMAF, Inc., based in Roxton Falls, Québec. Morbark says in a press release that this transaction is its second acquisition since private equity firm Stellex Capital Management LP acquired it in 2016.
Morbark acquired Rayco Manufacturing in October 2017, which brought a lineup of equipment into the Morbark family across multiple product categories, including stump cutters, aerial trimmers, forestry mulchers and crawler trucks. The purchase of DENIS CIMAF is another step in Morbark’s strategic focus on broadening the range of tree care and industrial equipment, aftermarket parts and service offered to its customers, the company says. Morbark’s family of companies and equipment helps customers to process and convert waste wood and other organic materials into sellable end products.
Founded by Laurent Denis and his wife, Monique Vaillancourt, in 1998, DENIS CIMAF specializes in the development of brush-cutter and 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. DENIS CIMAF celebrated its 20th anniversary in business this past summer.
“The DENIS CIMAF team and I are extremely excited to be joining the Morbark family,” says 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.”
“DENIS CIMAF’s line of attachments are complementary to our current tree care and industrial product lines. In fact, DENIS CIMAF mulcher heads have been an available option on our Rayco carriers for many years,” says Dave Herr, the chief executive officer of Morbark. “The company’s patented mulcher head design has enabled them to become the mulcher head attachment of choice among intensive vegetation control, land clearing, roadside transmission lines, pipeline maintenance, and forest fire prevention contractors.”
Mobark says the transaction is a positive, strategic fit for both companies. DENIS CIMAF brings a lineup of patented, innovative equipment into the Morbark family across multiple product categories and will enhance the Morbark carrier product line.
Benjamin-Pierre and Simon Denis, sons of DENIS CIMAF founders, Denis and Vaillancourt, will continue to lead the DENIS CIMAF team to develop new products and help improve the company’s existing product lines. DENIS CIMAF’s management team will continue to manage its operations. Morbark will operate DENIS CIMAF as a new division, maintaining its brand identity. Teams from each company will work together to determine how to be more efficient and leverage each other’s strengths.
“The companies have a common entrepreneurial heritage and culture, and this is a great fit with immense potential for growth. We are anxious to get started,” Herr says.
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