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The company’s portfolio of brands specializes in professional grade precision cutting tools for forestry, lawn and garden farming, ranching and agriculture and concrete cutting and finishing. Oregon Tool is a global, premium-branded, aftermarket-driven precision-cutting-tool powerhouse platform. He called it the “Cox Chipper Chain.” Cox’s saw chain revolutionized the timber industry and remains widely used today around the globe. With his learnings, Cox pioneered a new saw chain in the basement of his Portland, Oregon home – a design he modelled after the larva’s alternating C-shape jaws.
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Inspired by nature – a timber beetle larva to be exact – Cox studied the creature to better understand how to cut wood more efficiently for his forestry work in the Oregon wilderness.
Oregon Tool was founded by Joe Cox in 1947 as the Oregon Saw Chain Corp. Latham & Watkins LLP acted as legal advisor to Platinum Equity on the acquisition of Oregon Tool.
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“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.” “We are excited to start the next chapter,” said Mr. Oregon Tool CEO Paul Tonnesen remains CEO and will continue to lead the company. “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 has outstanding leadership, a passionate culture and a strong commitment to serving its customers and the communities in which it operates,” said Platinum Equity Managing Director David Glatt. Earlier this year, the company rebranded from Blount International to Oregon Tool, an effort that highlights its unique heritage and long history of innovation, while also marking an important inflection point in its evolution as an industry leader. With more than 3,200 team members, Oregon Tool sells thousands of products in more than 110 countries under multiple professional and consumer brands like Oregon, Woods and ICS. “We are excited to work with Paul Tonnesen and the company’s management team to invest in a new generation of growth and expansion.” “For nearly 75 years Oregon Tool has earned its reputation as a global leader in precision cutting tools through hard work, innovation and a commitment to the highest quality standards,” said Platinum Equity Partner Louis Samson. Since its founding in the 1940s, Oregon Tool has grown from a family business into a multinational organization. Its products are sold into the aftermarket through multiple channels, including distributors, dealers, mass merchants and e-commerce, as well as to original equipment manufacturers for “first fit” use on new equipment. 1 manufacturer of saw chain and guide bars for chainsaws, and a leading manufacturer of lawn mower blades, agricultural tractor attachments and a broad range of other products used by professionals and consumers in the forestry, lawn and garden, and agricultural end markets. Oregon Tool is a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories and parts. 18 that the acquisition of Oregon Tool has been completed. PORTLAND, OR - Platinum Equity announced Oct.