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SD Update 5th Anniversary Issue: Budding plaque at brewery; Mike Parslow at Countax; Claire Morris joins Barrus; farm income figures
IN THIS ISSUE
BUDDING, BEER AND BLUE PLAQUE
NEW FACE AT COUNTAX
CLAIRE MORRIS JOINS BARRUS
FARM DATA 'UNDERLINES VOLATILITY'
HANDY VISITED BY MAYOR
SNOW BUSINESS FOR TORO
TRACTORS FOR ROYAL PARKS
STIHL TIMBERSPORTS TEAM SET
SUCCESS FOR TURFCARE LIVE
OLYMPIC LEGACY ROLE FOR ISEKI
AWARD FOR DEERE'S HARVESTLAB
. . . AND FINALLY
TAKE OUR SURVEY - AND WIN
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NOVEMBER / DECEMBER 2014 issue :

2014 SERVICE DEALER AWARDS
SPECIAL ISSUE

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SNOW BUSINESS FOR TORO
To buy maker of snow ploughs and ice spreaders

 
Boss plough

Toro Company has announced that it is to buy the Boss line of professional snowplows and ice-treatment spreaders from Northern Star Industries for a reported $227 million

The deal is expected to close in the first quarter of 2015, the company said.

Boss, which is based in Iron Mountain, Michigan, generates about $125 million in annual revenue from snowplows, salt and sand spreaders and other ice removal accessories for light- and medium-duty trucks, ATVs and loaders.

In a statement, Toro chief executive Mike Hoffman said the acquisition will add to Toro’s current line of snow throwers, chiefly aimed at residential and commercial customers. The emphasis on snow gives Toro a counterweight to its bigger business in lawn and golf-green maintenance equipment.

With Boss, Hoffman said, “We will gain another strong professional contractor brand, a portfolio of reliable counter-seasonal equipment, efficient manufacturing operations and a well established and broad North American distribution channel for these products.”

Boss represents the latest move by Toro to expand its product portfolio.

Last year, Toro bought a small Chinese micro-irrigation firm to help it tap into a “critical growth market.” In 2012, it entered the construction equipment market when it bought key assets from Astec Underground and Stone Construction.

Toro, based in Bloomington, exceeded $2 billion in annual revenue for the first time last year and celebrated its 100th anniversary this summer.


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