This provides Morbark with a strong, global mulcher attachment line for future growth.
DENIS CIMAF is 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.
DENIS CIMAF was founded by Laurent Denis and his wife, Monique Vaillancourt, in 1998, and specialize 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 four main lines of products: the DAH series, industrial mulcher attachments for excavators; the DAF series, attachments for skid steers and other dedicated carriers; the DTN series, industrial brushcutters-mowers for roadside maintenance; and the EWF series, dedicated hydraulic power packs. The Company celebrated its 20th anniversary in business this past summer.
DENIS CIMAF mulcher heads have been an available option on Rayco carriers for many years. 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, Laurent Denis and Monique Vaillancourt, will continue to lead the DENIS CIMAF 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. DENIS CIMAF’s experienced management team will continue to manage its operations. Teams from each company will work together to determine how to be more efficient and leverage each other’s strengths. Source