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The Toro Company turns 100

BY HBSDealer Staff

On Thursday, July 10, The Toro Company looked back on a century’s worth of farm and ranch innovations during its 100th anniversary celebration.

More than 2,000 employees, retirees, partners and guests came to the company headquarters in Bloomington, Minnesota, including Minnesota Governor Mark Dayton and Bloomington Mayor Gene Winstead.

“As we celebrate our first 100 years, it was truly gratifying to be surrounded by many of those who played such a significant role in the company’s success,” said chairman and CEO Michael Hoffman. “We are honored to have such talented employees around the world and individuals who have served the company throughout our history, along with great channel and business partners, who work every day to serve our customers and help advance our efforts in the industry. And, I especially want to thank Minnesota Governor Mark Dayton and Bloomington Mayor Gene Winstead for joining our centennial celebration and honoring the people of Toro.”

Dayton also took the stage to announce that the day would be known as "Toro Day" across Minnesota.

“Part of the mentality of Toro is reaching out to its customers and to the communities, and developing high-quality products while strengthening your market through innovation,” said Governor Dayton. “I don’t think that the founder could have imagined 100 years ago that Toro would grow to be a Fortune 1000 company, or that more importantly, you’d be a leading corporate citizen in Minnesota. Your contributions to this state have been enormous.”

Also at the event was a new display telling the story of Toro’s history, which included various vintage products (the first Toro-branded piece of equipment among them).

Toro has been celebrating its centennial for the entirety of the year, part of which has included a ‘100 Acts of Caring’ initiative wherein employees planted 100 trees in each Toro community across the world.

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DeAngelo describes new HD Supply brand strategy

BY HBSDEALER Staff

Atlanta-based HD Supply launched a refreshed brand approach that is described as a simplified and unified approach to representing the industrial distributor’s business units and their areas of expertise. 

The names of the company’s Facilities Maintenance, Waterworks and Power Solutions business units will remain unchanged. But HD Supply White Cap, Crown Bolt, Creative touch Interiors and Repair & Remodel have been rebranded as HD Supply Construction & Industrial, HD Supply Hardware Solutions, HD Supply Interior Solutions and HD Supply Home Improvement Solutions.

“We partnered with a third party to confirm with our customers that HD Supply is a well-recognized brand strongly associated with our knowledgeable and experienced associates that provide solutions to enable our customers’ success,” said Joe DeAngelo, CEO. “As we evolve, especially now as a more visible public company, we want to be widely recognized as one team that works hard every day to build and maintain our North American cities while supporting the careers and families of our associates and trade professionals.”

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TRI Pointe Homes gets 5 new board members

BY HBSDealer Staff

In accordance with its recent expansion in joining forces with Weyerhaeuser Real Estate Company, TRI Pointe Homes, Inc. added five new members to its board of directors.

Former Weyerhaeuser and WRECO CEO Daniel Fulton, Starwood Capital Group senior managing director Christopher Graham, former Weyerhaeuser SVP Wood Products Lawrence Burrows, former BRE Properties CEO Constance Moore and Dean Bradley Osborne partner Kristin Gannon are the newest directors on the company’s board.

In turn, the terms of J. Marc Perrin, Richard Bronson and Wade Cable have all expired, making the net change effectively plus two. The board now stands at nine members.

“We are extremely pleased to welcome Dan, Chris, Larry, Connie and Kristin to our board of directors," said CEO Douglas Bauer. "Our new board members bring executive leadership, operational experience and deep industry connections to the board room.”

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