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Thursday, August 21, 2014

Morris Group Acquires Hegman Machine Tool in Midwest Expansion

Machine tool supplier Morris Group has acquired distributor Hegman Machine Tool as part of a broad Midwest expansion.

Hegman Machine Tool, an exclusive distributor of Okuma, Hardinge, Chiron and Hydromat brand machine tools, will become Hegman Machinery, a division of Morris Group Inc., and will act as the exclusive distributor of those brands in Minnesota, North Dakota, South Dakota and parts of Wisconsin.

Morris Group President Brad Morris has promised a seamless transition for Hegman customers and employees. “[Customers] should expect the same high level of service,” he said in a statement. “Our intention is that the employees currently servicing Hegman’s customers will continue to do so under Morris ownership.”

Ralph Hegman, owner and founder of Hegman Machine Tool, will remain with the company as a key adviser on capital accounts. Effective January 1 of this year, Morris executive Jerry Rex became Hegman Machinery’s president.

Brian Lane

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