This AGREEMENT AND PLAN OF MERGER (this "Agreement") is made and entered into as of February 14, 2019 by and among The Toro Company, a Delaware corporation ("Parent"), Helix Company, Inc., an Oklahoma corporation and a wholly owned subsidiary of Parent ("Merger Sub"), The Charles Machine Works, Inc., an Oklahoma corporation (the "Company"), and . Drake has responsibility for the sales, marketing, product development, quality, and customer service for the construction business, including the Ditch Witch, American Augers, Trencor, Hammerhead Trenchless . The Toro Company To Acquire The Charles Machine Works, Inc ... The acquisition brings together Toro's portfolio of leading brands with Charles Machine Works' deep understanding of the structures and systems that move resources across the globe, and the . BLOOMINGTON, Minn. (February 15, 2019) - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth . The Toro Company Completes Acquisition of Charles Machine Works Parent Company of Market-Leading Ditch Witch Business Wire BLOOMINGTON, Minn. -- April 1, 2019 The Toro Company (NYSE: TTC) today . Updated Feb 18, 2019. Oklahoma-based Ditch Witch sold for $700 million Drake joined The Toro Company as senior managing director and integration co-lead when Charles Machine Works was acquired in April 2019. Marcia Doyle. The deal, which includes a combination of cash on hand and debt, is expected to be finalized before the end of the third quarter of . Feb 19, 2019. Toro announced its acquisition of the Charles Machine Works family of companies on Feb. 15 and thought at that time that the merger wouldn't be completed for about five months. Toro will pay $700 million for the privately held Charles Machine Works, Inc., whose products include Ditch Witch and other brands. Toro Company to Acquire Charles Machine Works | Dig Different BLOOMINGTON, Minn. - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth in . Toro buys Ditch Witch maker Charles Machine Works for ... BLOOMINGTON, Minn. -- (BUSINESS WIRE)--Apr. Updated Feb 8, 2021. Phone: 580-336-4402 Fax: 580-336-3458 Address: 1959 W. Fir Ave. P.O. The Toro Co. and Charles Machine Works (CMW) announced their blockbuster acquisition news in February 2019, catching the construction industry off guard and, in many, cases shocked. "The Toro Co. is an excellent cultural fit for Charles Machine Works. Toro finalizes Charles Machine Works acquisition - Lawn ... The acquisition brings together Toro's portfolio of leading brands with Charles Machine Works' deep understanding of the structures and systems that move resources across the globe, and the . Equipment World brings you weekly videos on all the new construction equipment, trucks and industry news. The Toro Company to Acquire The Charles Machine Works, Inc ... Subscribe today and visit us at equipmentworld.com! Oklahoma-based Ditch Witch sold for $700 million The Toro Co., a Bloomington-based manufacturer of mowers and irrigation systems for golf courses, announced Friday it had entered into an agreement to acquire The Charles Machine Works Inc. for . The Toro Company to Acquire The Charles Machine Works, Inc. BLOOMINGTON, Minn. -- (BUSINESS WIRE)--Feb. 15, 2019-- The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other . The lawnmower and . The Toro Company Completes Acquisition of Charles Machine Works. The transaction is subject to regulatory approvals and other . BLOOMINGTON, Minn.-(BUSINESS WIRE)-Feb. 15, 2019- The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for . The Toro Company has announced a definitive agreement to acquire privately-held The Charles Machine Works for $700 million. Toro announced its acquisition of the Charles Machine Works family of companies on Feb. 15 and thought at that time that the merger wouldn't be completed for about five months. The Toro Company recently announced that it has entered into a definitive agreement to acquire privately-held Charles Machine Works, an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market. Download Images . Toro, Charles Machine Works discuss how the deal for the Ditch Witch brand went down. The wide-eyed talk at the American Rental Association Show . The Toro Co. and Charles Machine Works (CMW) announced their blockbuster acquisition news in February 2019, catching the construction industry off guard and, in many, cases shocked. Marcia Doyle. However, Rodier says the merger was completed ahead of time on April 1. The Toro Co. has entered into a definitive agreement to acquire privately-held Charles Machine Works — an Oklahoma corporation and the parent company of Ditch Witch and several other brands in the underground construction market — for $700 million in cash subject to certain adjustments set forth in the definitive agreement. The Toro Company Completes Acquisition of Charles Machine Works. The Toro Company announced today that it has entered into an agreement to acquire Charles Machine Works, with a portfolio of businesses that includes Ditch Witch and other leading brands in the . BLOOMINGTON, Minn. (February 15, 2019) - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million . 1, 2019-- The Toro Company (NYSE: TTC) today announced that it has successfully completed its acquisition of privately held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and other leading . The wide-eyed talk at the American Rental Association Show . BLOOMINGTON, Minn.-(BUSINESS WIRE)-Feb. 15, 2019- The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for . The Toro Company recently announced that it has entered into a definitive agreement to acquire privately-held Charles Machine Works, an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market. The $700 million-plus sale combined two of the industry's iconic brands, catapulting The Toro Co. to a key spot in the trenchless market. In a major announcement Friday morning, Toro announced that it has reached a definitive agreement to acquire Charles Machine Works, the parent company of brands like Ditch . AGREEMENT AND PLAN OF MERGER. However, Rodier says the merger was completed ahead of time on April 1. The $700 million-plus sale combined two of the industry's iconic brands, catapulting The Toro Co. to a key spot in the trenchless market. Charles Machine Works, a homegrown company, was headquartered in Perry and the city . Based in Oklahoma, Charles Machine Works is the parent company to Ditch Witch, Trencor, Hammerhead Trenchless, American Augers and MTI Equipment. The Toro Company announced today that it has entered into an agreement to acquire Charles Machine Works, with a portfolio of businesses that includes Ditch Witch and other leading brands in the . However, Rodier says the merger was completed ahead of time on April 1. Toro, Charles Machine Works discuss how the deal for the Ditch Witch brand went down. "There has been a lot that has gone on. 1, 2019-- The Toro Company (NYSE: TTC) today announced that it has successfully completed its acquisition of privately held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and other leading . Box 66 Perry, OK 73077-0066 Contact Us Email the Ditch Witch factory office using the form below. Download Images . The parent company of Ditch Witch, a Perry-based manufacturer of underground construction machines, has been sold to Toro Company. "There has been a lot that has gone on. The Toro Company recently announced that it has entered into a definitive agreement to acquire privately-held Charles Machine Works, an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market. The Toro Company has announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works Inc. , an Oklahoma corporation and the parent company of Ditch . The Toro Company to Acquire The Charles Machine Works, Inc. Investor Relations Heather Hille Director, Investor Relations (952) 887-8923, heather.hille@toro.com Media Relations Branden Happel Senior Manager, Public Relations (952) 887-8930, branden.happel@toro.com The Toro Company to Acquire The Charles Machine Works, Inc. Parent Company of a Strong Portfolio of Underground Construction Brands . The lawnmower and machinery maker will buy Charles Machine Works for $700 million in cash. Toro Co. ( TTC) - Get Toro Company Report is getting into the ditch-digging business. The deal, which includes a combination of cash on hand and debt, is expected to be finalized before the end of the third quarter of . Charles Machine Works, the former parent company of Ditch Witch, was acquired by Toro in April for $700 million. They are a well-established, well-run, family-oriented company. Feb 19, 2019. BLOOMINGTON, Minn. -- (BUSINESS WIRE)--Feb. 15, 2019-- The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for . Toro announced its acquisition of the Charles Machine Works family of companies on Feb. 15 and thought at that time that the merger wouldn't be completed for about five months. BLOOMINGTON, Minn. -- (BUSINESS WIRE)--Apr. They have an excellent track record of supporting their people and the communities where they operate," Johnson said. BLOOMINGTON, Minn. -- (BUSINESS WIRE)--Feb. 15, 2019-- The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for . BLOOMINGTON, Minn - The Toro Company announced that it has successfully completed its acquisition of privately held The Charles Machine Works, an Oklahoma corporation and the parent company of Ditch Witch and other brands in the underground construction market. Updated Feb 8, 2021. - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent . The Toro Co., a Bloomington-based manufacturer of mowers and irrigation systems for golf courses, announced Friday it had entered into an agreement to acquire The Charles Machine Works Inc. for . Charles Machine Works designs, manufactures and sells a range of products to cover the full life-cycle of underground pipe and cable . BLOOMINGTON, Minn. (February 15, 2019) - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth . The parent company of Ditch Witch, a Perry-based manufacturer of underground construction machines, has been sold to Toro Company. The Toro Company to Acquire The Charles Machine Works, Inc. BLOOMINGTON, Minn. -- (BUSINESS WIRE)--Feb. 15, 2019-- The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other . The Toro Company announces that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth in the definitive agreement. BLOOMINGTON, Minn. (February 15, 2019) - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million . Toro will pay $700 million for the privately held Charles Machine Works, Inc., whose products include Ditch Witch and other brands. Ditch Witch, a trade name of Charles Machine Works, is an American brand of underground utility construction equipment, which has been in operation since 1949.It is the leading subsidiary of Charles Machine Works, headquartered in Perry, Oklahoma.Charles Machine Works is itself a subsidiary of Toro Company, the latter acquiring them in 2019. . BLOOMINGTON, Minn. - The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth in .
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