1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. China >
  5. Toro Acquires Xiamen Xiangfeng Water Saving Equipment Co.

M&A Deal Summary

Toro Acquires Xiamen Xiangfeng Water Saving Equipment Co.

On September 30, 2013, Toro acquired manufacturer Xiamen Xiangfeng Water Saving Equipment Co.

Acquisition Highlights
  • This is Toro’s 4th transaction in the Manufacturing sector.
  • This is Toro’s 1st transaction in China.

M&A Deal Summary
Date 2013-09-30
Target Xiamen Xiangfeng Water Saving Equipment Co.
Sector Manufacturing
Buyer(s) Toro
Deal Type Add-on Acquisition

Target

Xiamen Xiangfeng Water Saving Equipment Co.

China
Xiamen Xiangfeng manufactures water-efficient drip irrigation products, sprinklers, emitters and filters for agriculture, landscaping and green house production.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 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 STATS #
Overall 8 of 16
Sector: Manufacturing M&A 4 of 5
Type: Add-on Acquisition M&A Deals 6 of 14
Country: China M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Astec Underground

Loudon, Tennessee, United States

Astec Underground, Inc. is a provider of vibratory plows, trenchers and horizontal directional drills for the underground utilities market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 BOSS

Iron Mountain, Michigan, United States

BOSS designs, manufactures and sells snowplows, salt and sand spreaders, and related parts and accessories, for light and medium duty trucks, ATVs, UTVs and loaders.

Buy $225M
Mergr

Solution for

Product

Company

Legal