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Construction M&A image Construction M&A » By The Online Investor Staff, updated Mon., Nov. 28, 10:55 AM Recent mergers and acquisitions in the Construction M&A category.

Slide #51. The Toro Company Xiamen Xiangfeng Water Saving Equipment Co., Ltd.

Acquirer: The Toro Company (NYSE:TTC)
Acquiree: Xiamen Xiangfeng Water Saving Equipment Co., Ltd.
Details: The Toro Company (NYSE:TTC) today announced that it has closed its acquisition of Xiamen Xiangfeng Water Saving Equipment Co., Ltd. Terms of the transaction were not disclosed. Located in China's Xiamen City, Xiamen Xiangfeng manufactures water-efficient drip irrigation products, sprinklers, emitters and filters for agriculture, landscaping and green house production.

Toro designs, manufactures, and markets turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation systems; rental, and underground construction equipment; and residential yard and snow thrower products. Co.'s segments include: Professional, which markets its products worldwide through a network of distributors and dealers, as well as directly to government customers, rental companies, and retailers; and Residential, which markets its products to homeowners through outdoor power equipment distributors and dealers, mass retailers, hardware retailers, home centers, as well as online.

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Industrial Machinery & Equipment
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Buy (2.67 out of 4)
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