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Timberjack

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Timberjack was a world leading designer, manufacturer, and distributor of forestry equipment. It has produced harvesters, feller bunchers, forwarders, skidders, and loaders.

Throughout its history, it has been a subsidiary of a number of different companies, including Eaton Corp., Metso Corp., and most recently, John Deere. However, Deere & Co. discontinued the Timberjack product line in 2005.

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[edit] History

Timberjack was owned and operated by Eaton Corp., based out of Cleveland, Ohio, from the 1960s until 1984.

In 1984 Timberjack became an independent company by leveraging a buyout for about US$26 million from Eaton with help from an investment partnership with Sequoia Associates.[1] It also received financial aid from a series of individual and corporate investors.

However, five years later, Timberjack was acquired by a Finnish company called Rauma-Repola and quickly enveloped to become one of its four major business units. Rauma-Repola eventually renamed itself Metso Corp.

Timberjack grew a forestry equipment product line that included five harvesters, six feller bunchers, six forwarders, 10 skidders, and five loaders.[2] Almost its entire equipment line was powered by Cummins or Perkins diesel engines, except for a crawler loader and shovel loader, which used Komatsu S6D and SA6D diesel engines.

Sales for Timberjack in 1998 reached US$580 million.[3] It was the market leader in the wheeled forwarder market with a 35 percent share.[4] It was also the number one supplier of wheeled harvesters in North America with a 51 percent share.[5] In December 1999, Timberjack was acquired from the Metso Corp. by Deere & Co. for US$850 million (EUR 600 million).[6]

[edit] The Company Today

The Timberjack brand was discontinued in 2005 at the ELMIA Wood forestry fair and its product line was incorporated into John Deere’s. So, while the Timberjack company no longer exists by name, its technological advancements continue within the Deere & Co. forestry equipment product line.

[edit] Equipment List

[edit] References

  1. Timberjack Sold. New York Times. 2008-09-22.
  2. Timberjack Deal Highlights Deere's Global Focus. BNET Business Network. 2008-09-22.
  3. Timberjack Deal Highlights Deere's Global Focus. BNET Business Network. 2008-09-22.
  4. Timberjack Deal Highlights Deere’s Global Focus. BNET Business Network. 2008-09-22.
  5. Timberjack Deal Highlights Deere’s Global Focus. BNET Business Network. 2008-09-22.
  6. Metso to sell Timberjack to Deere and Co. for EUR 600 million. Metso Minerals. 2008-09-22.