The Toro Company Acquires L.T. Rich Products, Manufacturer of Spreader/Sprayers, Aerators and Snow and Ice Management Equipment
Acquisition expands product offering to landscape contractors and grounds professionals
BLOOMINGTON, Minn. (March 19, 2018) — The Toro Company (NYSE: TTC) today announced that it has acquired L.T. Rich Products, a leading manufacturer of commercial zero-turn spreader/sprayers, aerators and snow and ice management equipment. Terms of the transaction were not disclosed.
L.T. Rich Products is known for its industry-leading Z-Spray line of stand-on spreader/sprayers for landscape contractors and grounds professionals. With five models designed to tackle properties of all sizes, these high-capacity, zero-turn machines are built for productivity, durability and precise application. Other products include the Z-Plug stand-on aerator that is designed to convert to a slicer/seeder, snow plow 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 M. Olson, chairman and CEO of The Toro Company. “The industry-leading 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.”
“With a shared commitment to innovation and serving customers, we look forward to having our products become a part of The Toro Company,” said Tom Rich, president of L.T. Rich Products. “We believe that Toro’s strong history, market leadership and resources will further enable our continued growth in the market.”