This Week
  • Developer plans a $15 million project to renovate a historic site in Clifton Springs.

  • The economy and demographics have Sheridan Bros. Moving on the move.

  • Technology and other factors have brought big changes to commercial building.

  • From Morocco, Joseph Squalli traveled far to become Rooney's Restaurant owner.

  • RocMusic director Alexander Pena rallies young music makers.

  • Challenges mount for area companies that do business in Russia.

Toro buys assets of Stone Construction

Rochester Business Journal
April 27, 2012

The Toro Co., a Minnesota-based landscaping equipment firm, has bought the assets of Stone Construction Equipment Inc. 

Financial terms were not disclosed.

Toro leaders said the acquisition builds on its position in the rental market. Stone’s products also extend Toro’s offering to contractors and rental companies, and complement its recent acquisition of tree care and turf renovation lines. 

Honeoye, Ontario County-based Stone manufactured concrete and hardscape equipment and equipment for rental and construction companies. The firm shut down in March, following foreclosure.

“Stone built a solid reputation around quality,” said Rick Rodier, general manager of Toro's Sitework Systems Business, in a statement. “These products are respected by rental and construction customers, and complement our current line of compact utility equipment and trenchers extremely well.

“We see great opportunity to leverage our core strengths in innovation, engineering and distribution to grow share in these new categories.”

Toro logged sales of nearly $1.9 billion in fiscal 2011.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google