The Toro Company acquired Hayter Limited for GBP 18,627,798 (approximately $34.6 million), a transaction completed in February 2005, structured as all cash (subject to working-capital adjustment). The deal was a Asset purchase.
Hayter Limited operates in Residential / International, is based in Spellbrook, England, United Kingdom. On February 8, 2005 Toro, through two newly formed UK/Guernsey subsidiaries, signed and simultaneously closed an asset purchase agreement for substantially all of the assets and certain liabilities of Hayter Limited for GBP 18,627,798 (about $34.6 million) in cash, subject to a working-capital adjustment. Hayter, based in Spellbrook, England, manufactured consumer and commercial mowing products, strengthening Toro's presence in the United Kingdom and Europe.
Hayter added an established British mowing brand and manufacturing base, deepening Toro's European footprint.
Hayter (UK/European business)
Advisory firms were not disclosed for this transaction.