Tuesday, November 25, 2014

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

Come join The Millionaires' Club

Lawn & Landscape and PLANET will bring you a virtual conference aimed at helping you hit that magic number.

Dixie Chopper employee sets world record

The company's marketing manager set a Guinness record on zero-turn mower.

People are strange

Thoughts from the floor of the 2014 Irrigation Show.

Co-existing with Bambi

Deer are fun to look at, but they can cause serious damage to your customers’ properties.

Hydro-Rain and Philips Hadco win new product contest

More than four dozen new products vied for the top spot at the annual event.

x