WINN, Mich. – January 4, 2019 – Morbark, LLC, announced that it 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. The Company celebrated its 20th anniversary in
business this past summer.
“The DENIS CIMAF team and I are extremely excited to be joining the Morbark family,” said
Benjamin Denis, the newly appointed General Manager of DENIS CIMAF. “DENIS CIMAF is a
fantastic business with committed and passionate associates, a great track record and
enormous global potential. Being part of the Morbark family will enable us to continue to grow
the business farther and faster.”
Dave Herr, Chief Executive Officer of Morbark, commented, “DENIS CIMAF’s line of
attachments are complementary to our current tree care and industrial product lines. In fact,
DENIS CIMAF mulcher heads have been an available option on our Rayco carriers for many
years. The company’s patented mulcher head design has enabled them to become a the
mulcher head attachment of choice among intensive vegetation control, land clearing, roadside
transmission lines, pipeline maintenance, and forest fire prevention contractors.”
- The transaction is a positive, strategic fit for both companies. 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.
Herr continued, “The companies have a common entrepreneurial heritage and culture, and this
is a great fit with immense potential for growth. We are anxious to get started.”
About Morbark, LLC
Morbark, LLC, based in Winn, Mich., has been innovating and manufacturing durable, highperformance equipment for more than 60 years. Morbark’s family of companies and equipment
helps customers to process and convert waste wood and other organic materials into sellable
end products. The Company and its affiliate brands, Rayco, DENIS CIMAF, and Boxer Equipment,
produce a full line of brush chippers, stump cutters, mini skid steers, forestry mulchers, aerial
trimmers, whole tree, and biomass chippers, flails, horizontal and tub grinders, sawmill
equipment, material handling systems, and mulcher head attachments for excavators,
backhoes, and skid steers. Sales and aftermarket support are conducted through a worldwide,
authorized dealer network. For more information, please visit www.morbark.com
Contact: Jeanne Maddox