Minnesota-based Toro to buy Ditch Witch maker

Published 7:00 am Saturday, February 16, 2019

BLOOMINGTON— Bloomington, Minnesota-based The Toro Company has announced plans to purchase the Oklahoma-based company that manufactures Ditch Witch and other underground construction equipment.

Toro said in a news release Friday that it will pay $700 million in cash for The Charles Machine Works, a privately held company based in Perry, Oklahoma.

The proposed sale is subject to regulatory approval and is expected to close by the end of the third quarter.

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Toro chairman and CEO Richard Olson said Charles Machine Works will strengthen Toro’s portfolio that includes turf maintenance, snow and ice management, landscaping and construction equipment.