Toro adds trenchers, plows and drills
By Toro Company
ProductsFeb. 15, 2012 - The Toro Company has announced it has acquired certain utility and underground product assets of Astec Underground, a wholly-owned subsidiary of Astec Industries. Terms of the transaction were not disclosed. Through the acquisition, Toro has acquired Astec Underground’s equipment line of vibratory plows, trenchers and horizontal directional drills for the underground utilities market.
Typically used in the installation, repair and replacement of utilities
with minimal impact on surrounding landscapes or structures, these
products are designed for power distribution, telecommunications,
utility companies, and landscape and irrigation contractors.
“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 is a
manufacturer of specialized equipment for asphalt road building,
aggregate processing, pipeline and utility trenching, and wood
processing. The products Toro is acquiring, which do not include
Astec’s Trencor product line, are manufactured at the Astec Underground
facility in Loudon, Tenn.
Related links
Toro
Astec Underground
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