Toro to aquire German irrigation equipment manufacturer

November 4, 2016 -  By

toro_150The Toro Co. entered into an agreement to acquire Regnerbau Calw GmbH, a privately held manufacturer of professional irrigation equipment. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close during the first quarter of Toro’s 2017 fiscal year. Terms of the transaction were not disclosed.

“The addition of the Perrot portfolio helps expand Toro’s presence in the sports field and agricultural industries, while also growing our position in adjacencies to our core businesses,” said Rick Olson, Toro’s president and CEO. “This acquisition is consistent with our strategy to grow in the professional, water and global markets, and provides an expanded offering of professional irrigation solutions to better serve our customers.”

Headquartered in Althengstett, Germany, and founded in 1925, Regnerbau Calw GmbH manufactures a variety of irrigation products under the Perrot brand, including retractable sprinklers for sports fields, impact sprinklers and coupling systems for agricultural fields, and rain guns for industrial applications.

“With over 90 years of experience in the irrigation industry, the Perrot team will be a great fit with Toro as both companies share similar cultures and a commitment to manufacturing high-quality, professional irrigation products and providing exceptional service to customers,” said Alexander Fleig, general manager of Regnerbau Calw GmbH.

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