Yes, toro does own exmark. Exmark was purchased by toro in 1997 and has since become a leading manufacturer of commercial and residential lawn care equipment.
Exmark has a long-standing reputation for producing high-quality, durable lawn mowers, and toro’s acquisition of the company has only strengthened its place in the industry. With toro’s support, exmark has continued to innovate and has introduced numerous new products and technologies over the years. Together, the two companies offer a wide range of lawn care equipment, including mowers, blowers, trimmers, and more, making them a one-stop-shop for professionals and homeowners alike. So, if you’re looking for reliable, high-quality lawn care equipment, you can’t go wrong with toro or exmark.
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Exmark’S History And Success
Exmark, a major manufacturer of commercial mowers, was founded in 1982 by two nebraska men. Originally headquartered in a machine shop, the company had several prior owners before being purchased by toro in 2015. Exmark has achieved many notable milestones over the years, including the introduction of their signature “lazer” z-turn mower in 1996.
With a reputation for innovation and quality, exmark has become a leader in the commercial mower industry. The company’s acquisition by toro was largely seen as a strategic move for both brands, as toro was able to expand its reach into the turf care market while exmark gained access to toro’s cutting-edge technology and expanded resources.
Toro’S Acquisition Of Exmark
In 2014, toro acquired exmark, a renowned producer of commercial mowers. The deal was valued at $227 million, and exmark instantly became a subsidiary of toro. Looking at the timeline, the acquisition marked the beginning of a new era for exmark.
By 2019, toro had already integrated the two businesses, which meant that exmark received significant investments and access to more resources. The acquisition provided toro with a way to expand its reach and improve its product offerings, especially in the commercial mower market.
Toro also saw benefits from exmark’s strong dealer network and brand reputation. Industry analysts praised the acquisition, believing it would enhance the commercial mower market’s competitiveness. The acquisition’s announcement saw toro’s stock prices increase by approximately 3%, revealing investors’ optimistic outlook on the deal’s potential.
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Competitive Landscape In The Industry
The commercial lawn mowing industry has several significant players, including toro and exmark. When comparing the competitive landscape of the two companies, it’s essential to take a look at their competitors. Toro competes with john deere, honda, snapper, and husqvarna, while exmark faces competition from scag, ferris, and bobcat.
During the acquisition, toro’s prospects for growth are excellent. However, several potential challenges may arise. For example, the integration of exmark’s products into toro’s production lines may be challenging. The acquisition may also lead to increased competition, which could negatively affect toro’s market share.
Despite these challenges, toro remains optimistic and committed to serving their customers with quality commercial lawn mowers.
Future Of Toro And Exmark
Toro, a worldwide leader in lawn and garden equipment and irrigation system, owns exmark, a top-rated manufacturer of lawn mowers and turf care equipment. This acquisition has made toro a larger and stronger company in the industry. The prospects of growth for the combined company are very high.
The acquisition may also lead to the possibility of more mergers and acquisitions in the future. Key takeaways from this acquisition are the potential increase in market share and product diversity. The impact of this acquisition in the industry may also set the tone for future business deals.
Overall, the future looks bright for toro and exmark, and the acquisition has given the companies a competitive edge in the lawn and garden equipment industry.
Conclusion
It’s clear that both toro and exmark are big players in the lawn care industry. Whether or not toro ultimately owns exmark, the two companies appear to be working closely together and sharing resources to provide high-quality lawn care equipment to their customers.
This partnership is only likely to strengthen in the future, with both companies continuing to innovate and grow their product lines. Regardless of which brand you choose, it’s important to carefully consider your specific lawn care needs and do your research to find the right equipment for your job.
By choosing a reliable and trustworthy brand like toro or exmark, you can feel confident that you’re investing in a product that will help you achieve a beautiful and healthy lawn for years to come.
