Toro to acquire German company
The Toro Company has entered into an agreement to acquire a German manufacturer of irrigation products, including retractable sprinklers for sports fields, impact sprinklers and coupling systems for agricultural fields, and rain guns for industrial applications.
Headquartered in Althengstett, Germany, Regnerbau Calw GmbH manufacturers its irrigartion products under the Perrot brand name. The long-distance casting range and fast rotation of the Perrot sprinklers have made them a popular choice for maintaining both natural and synthetic turf on soccer, golf and other sports surfaces.
“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 chief executive officer. “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.”
Alexander Fleig, general manager of Regnerbau Calw GmbH, added, “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. We believe that the acquisition by Toro will help expand our global footprint and take our business to the next level.”