Posted on 2/25/2019
In a major announcement Friday morning, Toro announced that it has reached a definitive agreement to acquire Charles Machine Works, the parent company of brands like Ditch Witch, MTI Equipment and American Augers.
Toro manufactures equipment primarily for the landscaping and turf maintenance markets, but also sells equipment and implements for agriculture, snow and ice management, rental and specialty construction.
The deal, which remains subject to regulatory approvals, would allow Toro to acquire one of the primary players in the equipment market for underground utility insta...