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Morbark, Inc. Acquires Boxer Equipment from Mertz Manufacturing

For further information contact: Jason Showers, Product Manager 989.866.2381, ext. 1753

FOR IMMEDIATE RELEASE

Winn, Mich. (January 2, 2013) – Morbark®, Inc., a leading manufacturer of tree care, sawmill, recycling, forestry and biomass chipping, and grinding equipment, announced today that it has completed the acquisition of Boxer Equipment, a product line of Mertz Manufacturing, LLC (Mertz), that manufactures and globally markets a full line of compact utility loaders (also known as mini-skid steers) and attachments.

As part of the transaction, Morbark has acquired all product designs, intellectual property and manufacturing tools, as well as existing parts, completed units and other inventory. The Boxer acquisition will enable Morbark to continue to solidify the company’s strategy to build equipment that creates opportunities for their customers, dealer network and employees. This acquisition not only enhances those opportunities in Morbark’s existing tree service and rental markets, but also allows Morbark to expand their market presence and current equipment offerings to a broader range of industries and end users, including, but not limited to, landscapers, irrigation and trenching contractors, property owners, and general contractors of all sizes.

Steve Ballinger, President, Mertz, added, “In seeking the optimal buyer for the Boxer product line, we looked for a company that had its own manufacturing capability, as well as shared our desire to see the line continue to develop, grow and realize its full potential. We know without a doubt that Morbark shares this same vision and will apply the necessary resources to bring it to fruition.”

Manufacturing of the Boxer Equipment line, attachments and aftermarket parts, is currently being moved to Morbark’s 1.1 million-square-foot factory and corporate headquarters in Winn, Michigan. As manufacturing of the Boxer line begins in the first quarter of 2013, Morbark will be working with their authorized dealer network to ensure that existing and future customers receive unmatched service, after-sales support, and fast, efficient parts fulfillment.

Commenting on the close, Jim Shoemaker, Jr., President, Morbark, Inc., said, “The strong strategic fit between our companies, combined with Morbark’s expanded capabilities in product development, manufacturing and dealer distribution will enable us to efficiently maximize the value and long-term potential of the Boxer product line, allowing it to become one of the market leaders in the compact utility loader category.”

About Morbark, Inc.
Morbark, Inc., based in Winn, Michigan, builds equipment that creates opportunities for customers serving the forestry, recycling, sawmill, bio-energy, landscaping/irrigation, rental and tree care markets. Innovating and building durable and high-performance equipment for more than 50 years, 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 offers worldwide sales, support and service through an independent, authorized dealer network. To learn more about the company, visit www.morbark.com

About Mertz Manufacturing, LLC
Headquartered in Ponca City, Oklahoma, Mertz Manufacturing, LLC celebrated its 85th year in the manufacturing industry in 2012 with a record production year. Mertz is building on its present success by focusing on a future oriented towards the manufacturing of high-quality, oilfield products; retaining and recruiting a skilled and dedicated workforce; instituting lean manufacturing principles and techniques to improve production processes and output; and expanding its current facility to meet the needs of future customers and orders. To learn more about the company, visit www.mertzok.com

About Boxer Equipment
With four model series available, including the 118 dedicated trencher, the 300, 400 and 500 series are built to handle a full complement of over 50 universal compact utility attachments. The Boxer’s standard quick attach system enables the user to quickly and easily switch from a bucket to forks to auger or other tools for optimum on-the-job flexibility and bottom line performance. A feature unique to the Boxer 500 series is its variable-width, rubber track undercarriage, which allows the units to enter through gates as narrow as three feet wide.

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