Minnesota-based Toro to buy Ditch Witch maker

Minnesota-based Toro to buy Ditch Witch maker Photo: MGN

February 15, 2019 02:39 PM

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.

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Credits

Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

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