Coxreels Moves to New Location
Coxreels will move to a new location, not far from its current facility in Tempe, Ariz. Fabrication, machine and welding departments have already relocated and are fully functional. The new facility will provide production with nearly 50 percent more operational space. This move will permit manufacturing processes to be improved and increase productivity.
Syngenta to Acquire DuPont Professional Products Business
Syngenta has announced that it will acquire the DuPont Professional Products insecticide business, including a number of registered trademark brands.
Created in 2002, the DuPont Professional Products insecticide business specializes in the development and marketing of innovative branded products for the professional turf and pest control markets, including Altriset, Advion, Arilon and Acelepryn. The acquisition price is $125 million.
As a result of this transaction, Syngenta can pursue opportunities in adjacent markets such as the ornamental horticulture and consumer markets. Finally, Syngenta Research & Development investment will drive growth in opportunities to extend the use of the active ingredients in the professional and home pest markets.
The transaction is subject to regulatory approval. Closing is expected in the fourth quarter of 2012.
Toro Holds WaterSmart Symposium; Celebrates 50 Years
California will likely achieve its goal of reducing statewide per capita water consumption 20 percent by the year 2020, as mandated by state law, according to Tim Barr, water use efficiency manager with the Western Municipal Water District in Riverside, Calif. Barr was one of several speakers at Toro Co.’s “Success Without Excess: Achieving 20 x 2020” water conference, held at the company’s irrigation headquarters in Riverside. This year’s event, the seventh in an ongoing series, drew about 80 people, mostly from local and regional water districts.
The daylong session focused on the state’s mandate to cut per capita water use by 20 percent over the next eight years. The California Senate bill SBx7-7, known as the Water Conservation Act of 2009, requires all state water agencies to establish a baseline of average water use by its urban customers, then present a plan to the state detailing how they will achieve the 20 percent reduction.
Fifty years ago, Toro purchased Moist O’Matic, which manufactured plastic irrigation products. That purchase gave Toro its start in the underground irrigation business. Throughout the next several decades, Toro made multiple acquisitions to enter new markets and product categories, and bolster its position in the industry. Today, the company owns over 225 irrigation patents and manufactures a complete line of irrigation solutions, including sprays, nozzles, rotors, valves, controllers, sensors, software, services and more.