The Toro Company has acquired certain utility and underground product assets of Astec Underground, though terms of the transaction have not been disclosed.
Through the acquisition, Toro obtained Astec Underground’s equipment line of vibratory plows, trenchers and horizontal directional drills for the underground utilities market.
“This acquisition helps further grow Toro’s product presence in the landscape and ground engaging markets, along with providing access to a new category close to our core businesses,” said Rick Rodier, general manager of Toro’s Sitework Systems Business.
The products Toro acquired are manufactured at the Astec Underground facility in Loudon, Tennessee.
For more information, visit toro.com or read the investor information.