M&A Deal Summary

Morbark Acquires Rayco Manufacturing

On November 2, 2017, Morbark acquired machinery company Rayco Manufacturing

Acquisition Highlights
  • This is Morbark’s 1st transaction in the Machinery sector.
  • This is Morbark’s 2nd transaction in the United States.
  • This is Morbark’s 1st transaction in Ohio.

M&A Deal Summary
Date 2017-11-02
Target Rayco Manufacturing
Sector Machinery
Buyer(s) Morbark
Deal Type Add-on Acquisition

Target

Rayco Manufacturing

Wooster, Ohio, United States
Rayco Manufacturing, Inc. is a provider of environmental, forestry, landscaping, and construction equipment. Rayco’s line of stump cutters, horizontal grinders, brush chippers, forestry mulchers, and rubber crawler trucks feature innovative designs and a range of options to suit any-sized job and budget, from landscaping to major construction projects. Rayco Manufacturing, Inc. was established in 1978 and is based in Wooster, Ohio.

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Buyer(S) 1

Buyer

Morbark

Winn, Michigan, United States
Category Company
Founded 1957
Sector Machinery
Employees720
Revenue 233M USD (2019)
DESCRIPTION

Morbark LLC is a manufacturer of equipment and aftermarket parts for forestry, tree maintenance, biomass, land management, and recycling markets. Morbark offers a full line of flails, disc and drum tree chippers, brush chippers, horizontal and tub grinders, stump grinders and more. Morbark equipment helps customers harvest, process and convert organic materials into valuable, usable and environmentally sound products. Morbark LLC was founded in 1957 and is based in Winn, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Mertz Manufacturing - Boxer Equipment

Ponca City, Oklahoma, United States

Buy -
Mergr

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