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James Hardie Irrigation Group

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BUSINESS
September 20, 1996 | Times Staff and Wire Reports
Toro to Buy Hardie Irrigation: The $130-million acquisition of Laguna Niguel-based James Hardie Irrigation Group, a maker of garden sprinklers, valves and timers, would double the size of Minnesota-based Toro Co.'s irrigation group to about $280 million in annual sales. Hardie declined to comment, but Toro, a maker of garden supplies, said layoffs would be likely because there would be duplications in many areas.
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BUSINESS
December 4, 1996
Toro Co. said Tuesday that it has completed its acquisition of the irrigation-equipment unit of James Hardie Industries Ltd. in Laguna Niguel, but the transaction is taking a toll on earnings. Bloomington, Minn.-based Toro said its acquisition of James Hardie Irrigation Group will reduce fiscal 1997 earnings per share by 5% to 7%, or as much as 22 cents a share below analysts' average estimate. Analysts had expected the maker of consumer and commercial lawn care equipment to earn about $3.
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BUSINESS
December 4, 1996
Toro Co. said Tuesday that it has completed its acquisition of the irrigation-equipment unit of James Hardie Industries Ltd. in Laguna Niguel, but the transaction is taking a toll on earnings. Bloomington, Minn.-based Toro said its acquisition of James Hardie Irrigation Group will reduce fiscal 1997 earnings per share by 5% to 7%, or as much as 22 cents a share below analysts' average estimate. Analysts had expected the maker of consumer and commercial lawn care equipment to earn about $3.
BUSINESS
September 20, 1996 | Times Staff and Wire Reports
Toro to Buy Hardie Irrigation: The $130-million acquisition of Laguna Niguel-based James Hardie Irrigation Group, a maker of garden sprinklers, valves and timers, would double the size of Minnesota-based Toro Co.'s irrigation group to about $280 million in annual sales. Hardie declined to comment, but Toro, a maker of garden supplies, said layoffs would be likely because there would be duplications in many areas.
BUSINESS
September 20, 1996 | JOHN O'DELL, TIMES STAFF WRITER
In a deal likely to lead to layoffs at its corporate headquarters in Laguna Niguel, James Hardie Irrigation Group has agreed to be acquired by Minnesota-based lawn products concern Toro Co. The $130-million acquisition of Hardie, a maker of garden sprinklers, valves and timers, will double the size of Toro's irrigation group to about $280 million in annual sales.
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