The Toro Company Completes Acquisition of Venture Products, Inc., Manufacturer of Ventrac Products
March 02 2020 - 4:30PM
Business Wire
The Toro Company (NYSE: TTC) today announced that it has
successfully completed its acquisition of privately-held Venture
Products, Inc., the manufacturer of Ventrac-branded products. Based
in Orrville, Ohio, Ventrac is a leading manufacturer of
articulating turf, landscape, and snow and ice management equipment
for the grounds, landscape contractor, golf, municipal and rural
acreage markets.
The signing of the definitive purchase agreement for the
acquisition was previously announced on January 21, 2020, and a
copy of that press release can be found at
www.thetorocompany.com/news-releases. The company expects to
provide updated full-year guidance when it reports its fiscal 2020
first quarter results on March 5, 2020.
To learn more about Ventrac products, visit www.ventrac.com.
About The Toro Company The 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 $3.1 billion in fiscal 2019, The Toro Company’s global
presence extends to more than 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 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 Venture Products, Inc. Venture Products, Inc., the
manufacturer of Ventrac-branded tractors and attachments, is a
premier innovator of equipment for turf and landscape grounds
management, sidewalk snow removal, and specialty grounds care
maintenance. Ventrac tractors and attachments are engineered and
manufactured in Orrville, Ohio, and sold through a network of
highly trained and authorized dealers throughout the world. Built
for performance and with quality to last, Ventrac equipment is
ideal for golf course turf management, sports fields, collegiate
campuses, residential and commercial property maintenance, public
green spaces, and agricultural uses. As a respected, well-known
global brand in the professional grounds care industry, Venture
Products, Inc. engages customers with authentic experiences and
trusted products. For more information, visit www.ventrac.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200302005674/en/
Investor Relations Nicholas Rhoads Managing Director,
Investor Relations (952) 887-8865, nicholas.rhoads@toro.com
Media Relations Branden Happel Senior Manager, Public
Relations (952) 887-8930, branden.happel@toro.com
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