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Titan Machinery Inc Announces Agreement To Acquire Toner`s Inc.

Tuesday, 16 Oct 2012 07:30am EDT 

Titan Machinery Inc announced that it has entered into an agreement to acquire Toner`s Inc., which consists of three CaseIH agricultural equipment dealerships located in Grand Island (currently Toner`s, Inc.), Broken Bow (Red Line Equipment) and Ord (currently Ord Equipment), Nebraska. The acquisition is expected to close on or around November 1, 2012. Toner`s three dealerships are strategically located in a diverse agriculture market with the primary crops being corn and soybeans, as well as livestock diversification. Toner`s three locations offer synergies with Titan Machinery`s existing stores in Kearney, Lexington, North Platte and Hastings, Nebraska and also benefit from agricultural irrigation with water sourced from the Ogallala Aquifer. Terms of the gransaction were not disclosed . 

Company Quote

-0.66 -4.50%
1 Aug 2014