Tigercat ventures into materials processing with ROI acquisition
Canada-based forest machinery manufacturer Tigercat Industries Inc. has revealed that it has recently completed the acquisition of Ragnar Original Innovations (ROI) located in New Hampshire (NH), United States (US). The company, founded by Anders Ragnarsson, currently manufactures material processing machinery used in the construction, forestry and recycling industries. With the deal, Tigercat gains a foothold into the expansive material handling and processing sector.
Effective September 30, 2019, Ontario-based Tigercat Industries completed the purchase of Ragnar Original Innovations (ROI) located in the United States (US) for an undisclosed amount. The company, founded by Anders Ragnarsson, currently manufactures material processing machinery used in the construction, forestry and recycling industries.
A well known figure in the biomass handling industry, Anders Ragnarsson was also the founder of Continental Biomass Industries (CBI), a well-renowned manufacturer of grinders, shredders, chippers, and flail-debarkers for the forestry, biomass, energy and recycling industries that was acquired by Terex Material Processing, a business segment of Terex Corporation, in April 2015.
In a statement, Tigercat says that it is “pleased to welcome Anders and his talented staff to the Tigercat team. They bring decades of experience and expertise in the design and manufacture of material processing machinery, broadening Tigercat’s range of capabilities within the marketplace.”
Carbonizer for biochar production
Anders Ragnarsson has assumed the role of VP Engineering, material processing products. He and his team will continue to operate from their Chester, New Hampshire location until a new facility in Freemont, New Hampshire – currently under construction – is completed.
The initial and immediate addition to the Tigercat line-up will be the Carbonizer product line. Already a commercially available product, this innovative carbon-negative technology can convert processed and unprocessed wood debris into biochar.
Still relatively new to the marketplace, this technology has attracted widespread interest from both the private and public sectors seeking practical methods to reduce atmospheric carbon emissions. The single-step process sequesters carbon and significantly reduces debris volume while creating a product useful in agriculture.
All ROI products retailed to date will be fully supported by Tigercat throughout their lifespans.