Morbark Acquires Boxer Equipment
Morbark, Inc., the Winn, Mich., manufacturer of tree care, sawmill, recycling, forestry and biomass chipping and grinding equipment, announced that it has completed the acquisition of Boxer Equipment, a product line of Mertz Manufacturing, LLC (Mertz), that manufactures and globally markets a full line of compact utility loaders (also known as mini-skid steers) and attachments. No financial details were provided.
As part of the transaction, Morbark has acquired all product designs, intellectual property and manufacturing tools, as well as existing parts, completed units and other inventory. Morebark said the acquisition will continue to solidify its strategy to build equipment that creates opportunities for customers, dealer network and employees and also allows Morbark to expand into a broader range of industries, including landscapers, irrigation and trenching contractors, property owners, and general contractors of all sizes.
"The strong strategic fit between our companies, combined with Morbark’s expanded capabilities in product development, manufacturing and dealer distribution will enable us to efficiently maximize the value and long-term potential of the Boxer product line, allowing it to become one of the market leaders in the compact utility loader category," said Jim Shoemaker, Jr., president, Morbark, Inc.
Manufacturing of the Boxer Equipment line, attachments and aftermarket parts, is currently being moved to Morbark’s 1.1 million sq. ft. factory and corporate headquarters in Winn. As manufacturing of the Boxer line begins in the first quarter of 2013, Morbark said it will work with its dealer network to ensure that existing and future customers receive service, aftersales support and parts fulfillment.