The Toro Company has acquire Regnerbau Calw GmbH, a privately held manufacturer of professional irrigation equipment. The transaction is currently is expected to close during Toro’s fiscal 2017 first quarter.
Headquartered in Althengstett, Germany, and founded in 1925, Regnerbau Calw GmbH manufactures a variety of irrigation products under the Perrot brand including retractable sprinklers for sports fields, impact sprinklers and coupling systems for agricultural fields, and rain guns for industrial applications.
“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,” says 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.”
“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,” says Alexander Fleig, general manager of Regnerbau Calw GmbH. “We believe that the acquisition by Toro will help expand our global footprint and take our business to the next level.”