Construction News – Morbark Acquires Rayco Manufacturing

Morbark, LLC (Morbark) announced Nov. 2 it had completed the acquisition of Rayco Manufacturing, Inc. (Rayco) This transaction represents the first addition since affiliates of the private equity firm Stellex Capital Management LP (Stellex) acquired Morbark in 2016. The purchase of Rayco represents a significant move towards the Company's strategic focus on broadening the range of tree care and industrial equipment, aftermarket parts and service offered to their customers….

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