BLOOMINGTON, Minn.–(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.
Contacts
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
