An Iowa company that makes attachment products has purchased Portland-based Jewell Manufacturing Inc., a maker of customized replacement booms for excavators and material handling equipment used in the forestry, construction, demolition and recycling industries.
Terms of the sale were not disclosed, but Cedar Rapids, Iowa-based Paladin, which recently changed its name from Attachment Technologies Inc., said Jewell will remain in Portland and will operate from a new and expanded manufacturing and assembly facility to be constructed within the next year. The company is scouting locations.
The 70-employee company is currently located at 5525 S.E. 28th Ave. in Portland.
Jim Kirkpatrick, who founded Jewell in 1989, will remain with the company and will be involved in product and market development activities.
Jewell will join Genesis, a manufacturer of mobile shears and concrete demolition tools, in Paladin's Demolition, Recycling and Forestry Group.
Paladin makes attachments such as backhoes, utility drills, mobile shears, trenchers, augers, cold planers, tillers and concrete demolition tools. The Jewell purchase marks its fourth acquisition in the last year. Portland (Oregon) Business Journal
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