The Toro Company announced Feb. 15 that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch, American Augers/Trencor and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth in the definitive agreement. The transaction is subject to regulatory approvals and other customary closing conditions and is currently anticipated to close before the end of Toro’s fiscal 2019 third quarter
The Toro Company Announces Charles Machine Works Acquisition
North American Oil & Gas Pipelines February 15, 2019
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