Toro acquires Stone Construction assets
By Toro CompanyNews
April 27, 2012 – The Toro Company has announced that it has acquired the light construction and hardscape product assets of Stone Construction Equipment, which manufactured concrete and hardscape equipment for rental and construction companies. Terms of the transaction were not disclosed.
This acquisition builds on Toro’s position in the growing rental market
with a reputable line of branded products in the hardscape space, which
include concrete and mortar mixers, material handlers, compaction
equipment, and other concrete power tools. These products further extend
Toro’s offering to contractors and rental companies, and complement its
recent acquisitions of tree care and turf renovation product lines.
“Stone built a solid reputation around quality,” said Rick Rodier,
general manager of Toro’s Sitework Systems Business. “These products are
respected by rental and construction customers, and complement our
current line of compact utility equipment and trenchers extremely well.
We see great opportunity to leverage our core strengths in innovation,
engineering and distribution to grow share in these new categories.”
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