Tigercat Industries, which manufactures the Tigercat brand of forestry machines, has acquired Ragnar Original Innovations (ROI), which manufactures material processing equipment.
The acquisition by Tigercat, headquartered in Ontario, Canada, was recently completed. ROI is based in Chester, New Hampshire. Tigercat named Anders Ragnarsson, president and CEO of ROI, as vice president of material processing products.
The move expands Tigercat into the material processing equipment industry. Ragnarsson and the ROI team will continue to operate from their current location until a new facility – currently under construction – in Freemont, New Hampshire, is completed.
“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,” Tigercat said in an announcement. All ROI products retailed to date will be fully supported by Tigercat throughout their lifespans.
The initial and immediate addition to Tigercat’s offerings will be the carbonizer product line, the Tigercat 6050 mobile carbonator machine. 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 carbonizer’s single step process sequesters carbon and significantly reduces debris volume while creating a product useful for agriculture.
Biochar is a charcoal-like substance that is made by burning biomass material – such as wood chips or debris – in a controlled process called pyrolysis that uses very little oxygen. The organic material is converted into biochar, a stable form of carbon that can be used to improve soil quality.
Ragnarsson was president and CEO of Continental Biomass Industries, which developed and manufactured wood grinding and chipping equipment, for 28 years until its acquisition by Terex in 2016. He founded ROI the following year.
For more information, visit www.tigercat.com