Platinum Equity Buys Oregon Tool

Kristi Ruggles — Tue, 16 Nov 2021 20:37:15 +0000

Platinum Equity has completed the acquisition of Oregon Tool, which was Blount, Inc., until earlier this year, a member company whose portfolio includes the Woods and Speeco brands.

“Oregon Tool has outstanding leadership, a passionate culture and a strong commitment to serving its customers and the communities in which it operates,” said Platinum Equity’s David Glatt. “Its global distribution network spans more than 110 countries and makes it an attractive platform for additional growth, both organically and through new acquisitions in adjacent product categories, segments, channels and geographies.”

Oregon Tool CEO Paul Tonnesen remains CEO.

“Platinum’s investment and operational expertise can help accelerate our growth and innovation, strengthen our position as industry leaders, and continue equipping our pro and DIY customers with the products they need to get the job done,” Tonnesen said.

Source: Platinum Equity |Member since 1967 |

Blount Rebrands as Oregon Tool

Kristi Ruggles — Tue, 18 May 2021 18:08:56 +0000

Blount, Inc. unveiled a new corporate name that positions it for growth and honors its heritage: Oregon Tool. The manufacturer of cutting tools and equipment selected Oregon Tool as its name to harness the power of its pioneering origin story, the company said.

Oregon Tool is an aftermarket-driven precision-cutting-tool platform. Among its portfolio of brands is Woods and Speeco.

The name change comes with a plan to expand into adjacent categories as well as lean into global stewardship to promote the sustainability of the industry as well as to support those who work in it.

Member since 1967 |

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Platinum Equity Buys Oregon Tool

Blount Rebrands as Oregon Tool

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