Proudly serving the industry for which it was named for more than 50 years, Outdoor Power Equipment provides dealers who sell and service outdoor power equipment with valuable information to succeed in a competitive market.
Issue link: https://read.dmtmag.com/i/765117
INDUSTRY NEWS 10 JANUARY 2017 OUTDOOR POWER EQUIPMENT www.outdoorpowerequipment.com in support of our mission to always be our customers' first choice for critical replacement parts," said Arrowhead CEO Jim Wisnoski. "We are excited for the combination of our two organizations, and the shared focus of our combined employees to continue providing exceptional service to our worldwide customers." Ariens added, "We appreciate the significant contribution of the employees in Stens and JThomas who have been dedicated to profitably growing this business. Stens has been part of the Ariens family of brands for a long time, and the employees have built a solid reputation for a high level of service and a strong brand in their own right." The priority for both companies is ensuring that customers experience a seamless transition, according to Wisnoski and Ariens. "The Ariens Company and the Ariens family gave this a lot of thought and consideration, and feel that the owners of Arrowhead are a close match with Ariens in that we share numerous cultural values and have a high regard for customer relationships," said Ariens. Arrowhead Engineered Products is a supplier of non- discretionary, mission-critical, aftermarket replacement parts for a wide variety of motorized vehicles across the powersports, outdoor power equipment, agricultural & industrial, marine, and heavy-duty and automotive end-markets. With distribution and sourcing locations in North America, Europe and Asia, Arrowhead Engineered Products employees service more than 10,000 customers on a daily basis. A riens Company of Brillion, Wis., announced November 22 that it has entered into a definitive agreement to sell its aftermarket parts business to Arrowhead Engineered Products Inc. of Blaine, Minn. The aftermarket parts business includes the Stens brand sold directly to independent power equipment dealers, as well as the JThomas Parts brand sold directly to professional landscape contractors. The sale was expected to be completed by the end of 2016. Both companies are privately held, and terms of the agreement were not disclosed. "This is a strategic decision that allows the company to continue to re-invest in the original equipment manufacturing business," said Dan Ariens, chairman and CEO of Ariens Company. "We have been enhancing our manufacturing plants with automation technology, and, at the same time, we will continue to invest in R&D capabilities to accelerate the rate of new product introductions." The company will also invest in a robust e-commerce platform for its niche outdoor supply brands Gempler's, AW Direct and Ben Meadows. Ariens Company acquired Stens in 1995 and JThomas in 2008. "The combination of Arrowhead with the Stens and JThomas organization creates a unique and powerful platform HOT NEWS Ariens Company exits aftermarket parts business, sells Stens and JThomas to Arrowhead Engineered Products Toro to acquire German-based company T he Toro Company announced on November 3 that it has entered into an agreement to acquire Regnerbau Calw GmbH, a privately held manufacturer of professional irrigation equipment. The transaction is subject to customary closing conditions, including regulatory approvals, and currently is expected to close during Toro's fiscal 2017 first quarter. Terms of the transaction were not disclosed. Headquartered in Althengstett, Germany, and founded in 1925, Regnerbau Calw GmbH manufactures a variety of irrigation products under the Perrot brand, including retractable sprinklers for sports fields, impact sprinklers and coupling systems for agricultural fields, and rain guns for industrial applications. The long-distance casting range and fast rotation of Perrot's sports field sprinklers make them an ideal choice for maintaining both natural and synthetic turf on soccer, tennis, rugby, cricket, golf and equine venues across the globe. "The addition of the Perrot portfolio helps expand Toro's presence in the sports field and agricultural industries, while also growing our position in adjacencies to our core businesses," said Rick Olson, Toro's president and chief executive officer. "This acquisition is consistent with our strategy to grow in the professional, water and global markets, and provides an expanded offering of professional irrigation solutions to better serve our customers." "With over 90 years of experience in the irrigation industry, the Perrot team will be a great fit with Toro as both companies share similar cultures and a commitment to manufacturing high-quality, professional irrigation products and providing exceptional service to customers," said Alexander Fleig, general manager of Regnerbau Calw GmbH. "We believe that the acquisition by Toro will help expand our global footprint and take our business to the next level."