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Toro Co. Acquires Assets of USPraxis
Source: BusinessWire
BLOOMINGTON, Minn. (April 30, 2010) -- The Toro Co. announced it has acquired certain assets from USPraxis, Inc., a manufacturer of outdoor power equipment.
Through the acquisition, Toro adds a dedicated lineup of stump grinders, wood chippers and log splitters to its product portfolio to strengthen its offering to the rental market.
"Toro has a rich history of offering innovative products for rental and landscape professionals, starting with the introduction of the Toro(R) Dingo(R) compact utility loader in the 1990s and continuing with the launch of our popular TRX walk-behind trenchers and new STX tracked stump grinder," said Rick Rodier, general manager of Toro's Sitework Systems Business.
"USPraxis is an established brand in the rental industry known for innovative, high-quality professional products. The addition of these products allows Toro to continue to broaden and strengthen its compact equipment solutions for the rental and landscape markets."
To complement the acquisition of these product lines, Toro also acquired, and will provide, a tip and blade sharpening service that offers a cost-effective way for rental stores to ensure their equipment is in optimum operating condition.
Moving forward, USPraxis products will be marketed under the Toro brand and sold through Toro's compact utility equipment distribution channel in the United States and international markets.
USPraxis has a solid reputation for its innovative lightweight cutting blades for stump grinding machines and for developing the industry's first walk-behind stump grinder with specialty blades that reduce weight and optimize cutting action.
