BLOOMINGTON, Minn .– (COMMERCIAL THREAD) – The Toro Company (NYSE: TTC) today announced that it has successfully completed its acquisition of privately held Venture Products, Inc., the maker of Ventrac branded products. Based in Orrville, Ohio, Ventrac is a leading manufacturer of articulated turf, landscaping, snow and ice management equipment for the land, landscaping, landscaping, golf, municipal and rural land.
The signing of the definitive purchase agreement for the acquisition was previously announced on January 21, 2020, and a copy of this press release can be viewed at www.thetorocompany.com/news-releases. The company expects to provide updated guidance for the full year when it releases its first quarter fiscal 2020 results on March 5, 2020.
To learn more about Ventrac products, visit www.ventrac.com.
About Toro Company
The Toro Company (NYSE: TTC) is a leading global provider of innovative solutions for the outdoor environment, including turf and landscape maintenance, snow and ice management, utility construction underground, rental and specialized construction, as well as irrigation and outdoor lighting solutions. With revenue of $ 3.1 billion in fiscal 2019, The Toro Company’s global presence spans over 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark , BOSS Snowplow, Ventrac, American Augers, Subsite Electronics, HammerHead, Trencor, Unique Lighting Systems, Irritrol, Hayter, Pope, Lawn-Boy and Radius HDD. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence in helping customers take care of golf courses, athletic fields , construction sites, public green spaces, commercial and residential and agricultural properties. operations. For more information visit www.thetorocompany.com.
About Venture Products, Inc.
Venture Products, Inc., the manufacturer of Ventrac-branded tractors and attachments, is a leading innovator in equipment for lawn and landscaped management, sidewalk snow removal and specialized grounds maintenance. . Ventrac tractors and attachments are designed and manufactured in Orrville, Ohio, and sold through a network of highly trained and authorized dealers around the world. Engineered for performance and quality to last, Ventrac equipment is ideal for turf management on golf courses, athletic fields, college campuses, maintenance of residential and commercial properties, public green spaces and public spaces. agricultural uses. As a respected and well-known global brand in the landscaping industry, Venture Products, Inc. engages its customers with authentic experiences and products you can trust. For more information visit www.ventrac.com.