Tuesday, September 02, 2014

Home News Toro expands rental offerings

Toro expands rental offerings

Supplier News

By acquiring the light construction and hardscape product assets of Stone Construction Equipment, Toro looks to grow in the rental market.

| May 1, 2012

BLOOMINGTON, Minn. – The Toro Co. has acquired light construction and hardscape product assets of Stone Construction Equipment, which manufactured concrete and hardscape equipment for rental and construction companies, the company said. Terms of the transaction were not disclosed.

This acquisition builds on Toro’s position in the growing rental market with a line of branded products in the hardscape space, which include concrete and mortar mixers, material handlers, compaction equipment and other concrete power tools. These products further extend Toro’s offering to contractors and rental companies, and complement its recent acquisitions of tree care and turf renovation product lines.

“Stone built a solid reputation around quality,” said Rick Rodier, general manager of Toro’s Sitework Systems Business. “These products are respected by rental and construction customers, and complement our current line of compact utility equipment and trenchers extremely well. We see great opportunity to leverage our core strengths in innovation, engineering and distribution to grow share in these new categories.”

 

Top news

Davey buys Lawn Logic

The company has made five acquisitions this year.

Massey purchases Texas company

Green Pest Services joins Massey's portfolio.

Call in the subs

Developing long-term relationships with contractor partners helps snow businesses expand and accommodate challenging service schedules.

Two products added to Agrotain portfolio

Agrotain Advanced and Agrotain Dri-Maxx stabilizer products will be available fall 2014.

RISE announces new Governing Board members and officers

OHP's Dan Stahl elected chairman.

x