The Toro Company to Reorganize Underground Construction Business
(UC) — The Toro Company announced it is realigning the organizational structure for its underground construction businesses after its recent acquisition of Charles Machine Works.
Minnesota-based Toro said it intends to combine certain aspects of the Ditch Witch, American Augers and Trencor businesses, all of which were part of the Charles Machine Works acquisition announced earlier this year. The company hopes to streamline its product and services portfolio to build on the market strength brought in by Charles Machine Works.
“We continue to be very excited about the expertise, knowledge and understanding of the underground business that the Charles Machine Works companies bring to our organization,” said Rick Rodier, group vice president, Construction Businesses.
In a related move, the company has decided to wind down its Toro-branded large horizontal directional drill and riding trencher categories. With the addition of the Charles Machine Works companies to The Toro Company family of brands, there are many opportunities to leverage their strength in the underground market.
These actions align with the company’s broader integration plan and will allow the company to rationalize its product offering in the underground construction market. The Toro brand will continue to serve the rental and specialty construction markets with Dingo® compact utility loaders, concrete and masonry mixers, compaction equipment, and tree and specialty turf products.
The company said it will address details of its reorganization plan during a conference call with investors on Aug. 22.
Related News
From Archive
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Alaska LNG pipeline could require 7,000 workers at peak construction, developers say
- Ohio trench collapse kills one worker, injures two during pipe installation
- Elon Musk's Boring Co. fined for dumping drilling waste into Vegas sewer system
- $1.4 billion Midwest pipeline expansion to move more Canadian oil to U.S. Gulf
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Massive water line failure leaves majority of Waterbury without service
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
Comments