Toro Company Makes Rich Acquisition

Bloomington, Minnesota, United States: The Toro Company has acquired LT Rich Products, a manufacturer of commercial zero-turn spreader/sprayers, aerators and snow and ice management equipment.
LT Rich Products is known in the United States for its Z-Spray line of stand-on spreader/sprayers for landscape contractors and grounds professionals.
Other products include the Z-Plug stand-on aerator that is designed to convert to a slicer/seeder, snow plough or dethatching rake, and the stand-on Snowrator for snow and ice management.
“This acquisition builds upon many of our core strengths valued by professional contractors as we strive to help them drive greater productivity, profitability and efficiency in their operations,” said Richard Olson, Chairman and Chief Executive Officer of The Toro Company, an Executive Member of the Asian Golf Industry Federation.
“The Z-Spray line complements our current spreader/sprayer product offering to contractors, golf and grounds customers, while the innovative Snowrator is an exciting addition to our professional snow and ice management line.
“With our continued focus on innovation and technology, we believe these products have broad application across many of our professional markets.”
Tom Rich, President of LT Rich Products, said: “With a shared commitment to innovation and serving customers, we look forward to having our products become a part of The Toro Company.
“We believe that Toro’s strong history, market leadership and resources will further enable our continued growth in the market.”
Terms of the transaction were not disclosed.
 

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