Morbark, LLC, 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. The acquisition of Rayco Manufacturing in October 2017, brought a lineup of innovative equipment into the Morbark family across multiple product categories.
In particular, Rayco stump cutters, aerial trimmers, forestry mulchers and crawler trucks. The purchase of Denis Cimaf is another step in the company’s strategic focus on broadening the range of tree care and industrial equipment, aftermarket parts, and service offered to their customers.
Founded by Laurent Denis and his wife, Monique Vaillancourt, in 1998, Denis Cimaf 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.
Benjamin-Pierre and Simon Denis, sons of company founders, Laurent Denis and Monique Vaillancourt, will continue to lead the team to develop new products and help improve the company’s existing product lines.
Morbark will operate Denis Cimaf as a new division maintaining its brand identity while the experienced management team will continue to manage its operations.
Published in the February 2019 Edition
