Modern Machinery Purchases Rights to Madill Product Line

Sun August 17, 2008 - West Edition
CEG




Modern Machinery has acquired all rights to the Madill product line, which include yarders, feller bunchers, harvesters, log loaders, delimbers and saw heads and will be the worldwide distributor of parts and service for Madill machines.

In addition to existing parts and equipment inventory, Modern Machinery has acquired Madill’s intellectual property rights. Modern President Brian Sheridan said the company does not immediately intend to manufacture equipment, but may, at some point in time, decide to manufacture or sell the rights to manufacture certain parts of the line.

“As part of the purchase, Modern has $15 million in existing Madill parts inventory, to immediately provide replacement parts for Madill customers. Modern also has all the drawings and engineering to allow them to eventually work with suppliers to make our own high quality parts,” Sheridan said.

Modern’s Madill parts operation will continue to be based in Nanaimo on Vancouver Island, and will be manned by some of the key personnel that were there before.

Modern has hired a number of former Madill service technicians and will bring on many of its parts people too.

“These former Madill employees will provide immediate expertise on the product,” said Sheridan. “We’ll service local customers from all of our coastal stores [Eugene, Portland, Rochester and Kent], and we’ll ship parts, as necessary, elsewhere throughout the United States.”

Sheridan said Modern also will set up parts and service distributors in Canada, Australia, New Zealand and Chile, which are other countries where Madill had a significant presence.

For more information, call 800/332-1617 or visit www.modernmachinery.com.