Toro acquires Stone assets

Toro on Thursday announced the acquisition of Stone Construction Equipment’s assets, in a transaction that gives Toro a line of light construction equipment including compaction equipment, mixers and other concrete equipment.

Toro expects the purchase to expand the company’s reach in the rental market, as well as complementing other recent product line acquisitions. Toro acquired Astec Underground’s line of vibratory plows, trenchers and horizontal directional drills for the underground utilities market in February.