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Construction M&A image Construction M&A » By The Online Investor Staff, updated Thu., Apr. 25, 2:42 AM Recent mergers and acquisitions in the Construction M&A category.

This Slide: #51 of 100

Slide #51. The Toro Company — Xiamen Xiangfeng Water Saving Equipment Co., Ltd.

Acquirer: The Toro Company (NYSE:TTC)
Acquiree: Xiamen Xiangfeng Water Saving Equipment Co., Ltd.
Details: The Toro Company (NYSE:TTC) today announced that it has closed its acquisition of Xiamen Xiangfeng Water Saving Equipment Co., Ltd. Terms of the transaction were not disclosed. Located in China's Xiamen City, Xiamen Xiangfeng manufactures water-efficient drip irrigation products, sprinklers, emitters and filters for agriculture, landscaping and green house production.

The Toro designs, manufactures, markets and sells turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation systems; rental, specialty and underground construction equipment; and residential yard and snow thrower products. Co.'s segments are: Professional, which markets and sells its products through distributors and dealers, and directly to government customers, rental companies, and retailers; and Residential, which markets and sells its products to homeowners through outdoor power equipment distributors and dealers, retailers, home centers, and online (direct to end-users).

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TTC — Key Stats (updated 16 hours, 13 minutes ago)
Company Name:  Toro Company (The)
Website:  www.thetorocompany.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding TTC:  77
Total Market Value Held by ETFs:  $1.81B
Total Market Capitalization:  $9.01B
% of Market Cap. Held by ETFs:  20.04%
 

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April 25, 2024  •  2:42 AM Eastern
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Hold (2.40 out of 4)
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