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 | speeco.com