The Toro Company and Tractor Supply Company Announce Strategic Partnership
September 05 2019 - 8:30AM
The Toro Company (NYSE: TTC) and Tractor Supply Company (NASDAQ:
TSCO) today announced a new long-term strategic partnership. Under
the terms of the partnership, Tractor Supply will be The Toro
Company’s exclusive partner in the farm and ranch channel for
select models of Toro zero-turn mowers, walk mowers and portable
power equipment in stores nationwide and online beginning in spring
of 2020. This partnership helps to expand Toro’s reach into the
rural lifestyle retail market and further strengthens Tractor
Supply’s product offering with a leading outdoor power equipment
brand.
As the largest rural lifestyle retailer in the United States,
Tractor Supply is continually growing and investing in its stores
and product offerings to meet the everyday needs of the rural
lifestyle customer. A similar philosophy drives The Toro Company
with its commitment to developing innovative products that help
customers increase efficiency and productivity in the field. Given
this shared commitment to customers and overall strategic
alignment, this new partnership provides a meaningful opportunity
for both companies to strengthen their reputation as premier
providers of outdoor products.
“At Tractor Supply, we strive to be a key destination for our
customers, providing them with the tools and products they need to
care for their home, land, pets and animals. As part of this
commitment, we are continually looking to expand our product
assortment by partnering with great companies like The Toro Company
whose products resonate with our customers,” said Greg Sandfort,
chief executive officer of Tractor Supply. “We look forward to this
product launch and being able to better serve our customers with
the Toro brand that has a strong reputation for innovation,
performance and productivity.”
“We are very excited to partner with Tractor Supply Company and
for the opportunity to further extend our reach and strong brand to
meet the lifestyle needs of rural homeowners,” said Rick Olson,
chairman and chief executive officer of The Toro Company. “In
partnering with a leading retailer like Tractor Supply, with a
strong history and focus on serving the farm and ranch customers,
this relationship complements our existing channel strategy and
footprint and helps us reach a customer segment that has long been
important to us.”
The product line will be available in Tractor Supply stores and
online at www.TractorSupply.com beginning next spring.
About The Toro CompanyThe Toro Company (NYSE:
TTC) is a leading worldwide provider of innovative solutions for
the outdoor environment including turf and landscape maintenance,
snow and ice management, underground utility construction, rental
and specialty construction, and irrigation and outdoor lighting
solutions. With sales of $2.6 billion in fiscal 2018, The Toro
Company’s global presence extends to more than
125 countries. 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 by helping
customers care for golf courses, sports fields, construction sites,
public green spaces, commercial and residential properties and
agricultural operations. For more information, visit
www.thetorocompany.com.
About Tractor Supply Company Tractor Supply
Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the
United States, has been passionate about serving its unique niche,
as a one-stop shop for recreational farmers, ranchers and all those
who enjoy living the rural lifestyle, for more than 80 years.
Tractor Supply offers an extensive mix of products necessary to
care for home, land, pets and animals with a focus on product
localization, exclusive brands and legendary customer service that
addresses the needs of the Out Here lifestyle. With nearly 30,000
team members, the Company leverages its physical store assets with
digital capabilities to offer customers the convenience of
purchasing products they need anytime, anywhere and any way they
choose at the everyday low prices they deserve. At June 29, 2019,
the Company operated 1,790 Tractor Supply stores in 49 states and
an e-commerce website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a
small-box pet specialty supply retailer focused on meeting the
needs of pet owners, primarily in small and mid-size communities,
and offering a variety of pet products and services. At June 29,
2019, the Company operated 177 Petsense stores in 26 states. For
more information on Petsense, visit www.Petsense.com.
The Toro Company |
Tractor Supply Company |
Heather Hille |
Mary Winn Pilkington |
Director, Investor Relations
& External Communications |
Vice President, Investor and
Public Relations |
(952) 887-8923,
heather.hille@toro.com |
(615) 440-4212,
mpilkington@tractorsupply.com |
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