Toro Company acquires assets of TYCROP Manufacturing
Oct 15, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: Toro Company (THE) (TTC)
The Toro Company, a US-based provider of turf and landscape maintenance equipment and precision irrigation systems, has acquired certain assets from TYCROP Manufacturing, Ltd., a Canada-based manufacturer of topdressing and material handling equipment for golf course and sports field applications.
As part of the agreement, Toro has acquired several models of topdressing and material handling equipment.
Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-10-14
Deal Participants
Target (Company) TYCROP Manufacturing, Ltd. - Assets Acquirer (Company) The Toro Company Vendor (Company) TYCROP Manufacturing, Ltd.
Deal Rationale
The acquisition will complement Toro's existing line of application and cultivation equipment, expand its product offerings to meet its turf maintenance needs, and enhance its position in the turf maintenance industry.
Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved
News Provided by COMTEX
Company: Toro Company (THE) (TTC)
Related terms: acquisition, canada, golf, manufacturer, manufacturing, sports
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