Tuesday, September 01, 2015

Home News Toro acquires new equipment lines

Toro acquires new equipment lines

Supplier News

The purchase adds utility trenchers, vibratory plows and directional drills to the iron company’s portfolio.

| February 10, 2012

BLOOMINGTON, Minn. – Toro has acquired certain utility and underground product assets of Astec Underground.

 
The deal adds Astec Underground’s equipment line of vibratory plows, trenchers and horizontal directional drills to Toro’s portfolio. 
 
“This acquisition helps further grow Toro’s product presence in the landscape and ground engaging markets, along with providing access to a new category close to our core businesses,” said Rick Rodier, general manager of Toro’s Sitework Systems Business. “The underground utilities space represents a market in which we don’t compete today, but one we believe provides great opportunity to drive global share growth in these new categories.”
 
Based in Chattanooga, Tenn., Astec Industries builds specialized equipment for asphalt road building, aggregate processing, pipeline and utility trenching and wood processing. The products Toro is acquiring are made at the Astec Underground facility in Loudon, Tenn.
 
Terms of the transaction were not disclosed.

Top news

After the storm

Landscape firms share how they run disaster response, storm cleanup and water damage prevention services.

Take stock of seeds

Grass prices have stabilized and should stay steady.

SavATree announces promotions

Mike Harris and Craig Geddis will both take on the role of branch manager.

Ruppert promotes branch manager

Collins Fitts will be in charge of the company's Gainesville Landscape Management Branch.

John Deere announces promotion

The "Gear Up For Fall" program runs from Aug. 15 through Oct. at participating dealerships.

x