Morbark Inc.

Morbark Acquires Boxer Equipment from Mertz Manufacturing

Morbark Inc., a leading 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, that manufactures and globally markets a full line of compact utility loaders and attachments. 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.

The Boxer acquisition will enable Morbark to continue to solidify the company’s strategy to build equipment that creates opportunities for its customers, dealer network and employees. This acquisition not only enhances those opportunities in Morbark’s existing tree service and rental markets, but also allows Morbark to expand its market presence and current equipment offerings to a broader range of industries and end users, including, but not limited to, landscapers, irrigation and trenching contractors, property owners, and general contractors of all sizes.

Commenting on the close, Jim Shoemaker, Jr., president, Morbark Inc., said, “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.”

Manufacturing of the Boxer Equipment line, attachments and aftermarket parts, is currently being moved to Morbark’s 1.1 million-square-foot factory and corporate headquarters in Winn, MI. As manufacturing of the Boxer line begins in the first quarter of 2013, Morbark will be working with its authorized dealer network to ensure that existing and future customers receive proper service, after-sales support, and fast, efficient parts fulfillment.

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