Timberjack
Overview
 
Timberjack was a manufacturer of forestry machinery for both cut-to-length
Cut-to-length logging
Cut-to-length logging is a mechanized harvesting system in which trees are delimbed and cut to length directly at the stump. CTL is typically a two-man, two-machine operation with a harvester felling, delimbing, and bucking trees and a forwarder transporting the logs from the felling to a landing...

 and whole tree logging who have been a subsidiary of John Deere
John Deere
John Deere was an American blacksmith and manufacturer who founded Deere & Company, one of the largest and leading agricultural and construction equipment manufacturers in the world...

 since 2000.
Timberjack was owned by the Eaton Corporation
Eaton Corporation
Eaton Corporation is a global diversified power management company with 2010 sales of $13.7 billion. The company is a leading provider of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment;...

 in the 1960s, 1970s and early 1980s. In 1984 Timberjack made a leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...

 from Eaton to become an independent company.

Timberjack was acquired by FMG (ForestMachineGroup), owned by Finnish Rauma-Repola.
Encyclopedia
Timberjack was a manufacturer of forestry machinery for both cut-to-length
Cut-to-length logging
Cut-to-length logging is a mechanized harvesting system in which trees are delimbed and cut to length directly at the stump. CTL is typically a two-man, two-machine operation with a harvester felling, delimbing, and bucking trees and a forwarder transporting the logs from the felling to a landing...

 and whole tree logging who have been a subsidiary of John Deere
John Deere
John Deere was an American blacksmith and manufacturer who founded Deere & Company, one of the largest and leading agricultural and construction equipment manufacturers in the world...

 since 2000.

History

Timberjack was owned by the Eaton Corporation
Eaton Corporation
Eaton Corporation is a global diversified power management company with 2010 sales of $13.7 billion. The company is a leading provider of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment;...

 in the 1960s, 1970s and early 1980s. In 1984 Timberjack made a leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...

 from Eaton to become an independent company.

Timberjack was acquired by FMG (ForestMachineGroup), owned by Finnish Rauma-Repola. After a short period carrying the double-name FMG-Timberjack, in 1993 Timberjack became the brandname for the group. Other well known forest machine brands, which have been incorporated into FMG-Timberjack were Swedish Kockums, ÖSA and Bruun System as well as Finnish LOKOMO. In December 2000 John Deere bought Timberjack from Metso Corporation (formerly Rauma-Repola) for $570 million dollars which also included the purchase of a separate company, Waratah, a leading manufacturer of heavy-duty harvester heads.

As of June, 2006, at the forestry fair "Florence Wood", the Timberjack product line was discontinued, and John Deere, its parent company, became the largest single brand of forestry equipment. Its global market share for both cut-to-length and full tree equipment is estimated at 45%.

Although John Deere tried to discontinued the Timberjack line, they were unable to do so. The owner of Lufkin, Texas
Lufkin, Texas
Lufkin is a city in Angelina County, Texas, United States. Founded in 1882, the population was 35,067 in 2010. It is the county seat of Angelina County, and is situated in Deep East Texas.-History:...

based Texas Timberjack, Harold Estes, threatened a lawsuit against parent company John Deere. After reviewing Mr. Estes dealer agreement and Texas Dealer Law, John Deere felt it best to make, in limited production, the Timberjack product and prevent a costly lawsuit. Texas Timberjack is the only known and allowed dealer to sell the Timberjack branded product. For the time it seems Mr. Estes has saved the Timberjack brand.
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