Add-on Acquisition • Manufacturing

Toro Acquires Exmark Manufacturing Co.

On November 25, 1997, Toro acquired manufacturer Exmark Manufacturing Co.

Acquisition Context
  • This is Toro’s 1st transaction in the Manufacturing sector.
  • This is Toro’s 2nd transaction in the United States.
  • This is Toro’s 1st transaction in Nebraska.

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M&A Deal Summary

Date November 25, 1997
Target Exmark Manufacturing Co.
Sector Manufacturing
Buyer(s) Toro
Deal Type Add-on Acquisition

Target Company

Exmark Manufacturing Co.

Beatrice, Nebraska, United States
Exmark Manufacturing Co., Inc. is a manufacturer of equipment for the professional landscape contractor industry.
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Buyer Overview 1

Buyer

Toro

Bloomington, Minnesota, United States

Category Company
Founded 1914
Sector Machinery
Employees10,706
Revenue 4.6B USD (2024)
DESCRIPTION
Toro's corporate headquarters in Bloomington, Minnesota.
Toro's corporate headquarters in Bloomington, Minnesota.

Toro is a designer and manufacturer of turf and landscape maintenance equipment, and precision irrigation systems to commercial and residential customers. Toro was founded in 1914 and is based in Bloomington, Minnesota.


Deal Context for Buyer #
Overall 2 of 16
Sector: Manufacturing 1 of 5
Type: Add-on Acquisition 2 of 14
State: Nebraska 1 of 1
Country: United States 2 of 12
Year: 1997 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-03 James Hardie Irrigation Group

United States

James Hardie Irrigation Group is a provider of grinding machines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-09 Hayter

Spellbrook, United Kingdom

Hayter Ltd. is a manufacturer of consumer and commercial mowing products.

Buy -