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.
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