The Toro Company will acquire privately-held Charles Machine Works, Inc., the parent company of Ditch Witch and several other leading brands in the underground construction market. The purchase price is $700 million in cash subject to certain adjustments set forth in the definitive agreement. The transaction is subject to regulatory approvals and other customary closing conditions and is currently anticipated to close before the end of Toro's fiscal 2019 third quarter.
The Toro Company
|Address||8111 Lyndale Ave, Bloomington, MN, 55420, US|
|Phone||1 (800) DIG-TORO|
Since 1914, The Toro Company has built its reputation on providing quality products and service to the professionals who create, maintain and preserve outdoor environments. Today, professionals and contractors around the world count on Toro products to stand up to the demands of heavy use, season after season. As a leading manufacturer of turf maintenance equipment, precision irrigation solutions, concrete and compaction tools, and equipment for trenching, plowing, excavating and horizontal directional drilling, Toro products are aimed at allowing you to do your job more efficiently and profitably.
We value the trust professionals place in our people and products to meet their unique needs and deliver superior results. That’s why the Toro riding trenchers, horiztonal drills and every product that carries the Toro name also carries our commitment to quality and product excellence.
Representing a continuation of 20 years of innovation in the compact utility loader (CUL) equipment category, Toro introduces the all-new Toro Dingo TXL 2000. The latest model features telescoping arms to allow the TXL 2000 to reach over obstacles, dig below grade, and generally extend the operator's working range. This equipment solution consolidates the benefits of several machines into one to perform a variety of tasks on the jobsite.
Installation of underground infrastructure has become more challenging in today's sprawling urban centres. For many types of utility and service, the need to dig under existing roads, buildings and other obstructions has brought a growing interest in horizontal directional drilling.
Utility and underground contractors have a new solution to save time and streamline operations with the introduction of the innovative Toro DD2226 directional drill.
Utilities and underground industry contractors have a new tool to increase productivity with the launch of Toro’s new directional drill operating system, TDOS-1 with SmartTouch. The new system allows pipe handling functions to be performed using a single input on the joystick in SmartTouch operating mode.
The Toro Company has announced that its board of directors has elected Richard M. Olson to the position of president and chief executive officer, effective November 1, 2016. Olson, a 30-year veteran of the company, has served as Toro’s president and chief operating officer since September 2015 and was elected to the company’s board of directors in January of this year. Toro’s current chairman and chief executive officer, Michael J. Hoffman, will continue to serve as chairman of the board.
With a focus on growing its position in the underground utility market, The Toro Company recently hosted horizontal directional drilling (HDD) contractors and equipment dealers from across the country at its corporate headquarters in Bloomington, Minnesota.
The Toro Pro Sneak 365 Vibratory Plow delivers powerful plowing in a compact, maneuverable package perfect for installing drip irrigation lines, electrical cable or other utilities in tight spaces. Utility contractors appreciate the narrow tire configuration of the Pro Sneak, which spans 36” in width, allowing for passage through gates, or other obstacles. Also available on the new Pro Sneak 365 is the dual-tire option for increased traction in challenging ground conditions.