Morbark announces that it has completed the acquisition of Rayco Manufacturing

This improves Morbark’s strategic focus on broadening the range of tree care and industrial equipment, aftermarket parts, and service offered.

Rayco was founded in 1978 in Wooster, Ohio, by John M. Bowling, who as the owner of a tree care service identified the unique needs of the tree and landscape industry and began to build equipment. The current range of Rayco products includes stump cutters, crawler trucks, forestry mulchers, multi-tool carriers, and attachments, brush chippers and the new AT71 aerial trimmer.

The transaction is described as a positive, strategic fit for both companies. Rayco brings 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 will enhance and complement the existing Morbark family of products. Rayco founder, John Bowling, will continue his work with the team to develop new products and help improve the company’s existing product lines. He will continue to have an economic interest in the combined business and will be a member of Morbark’s Board of Directors.

Morbark will operate Rayco as a new division maintaining its brand identity. Rayco’s management team will continue to manage their operations. Teams from each company will work together to determine how to be more efficient and leverage each other’s strengths. Source

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