The Toro Company to Acquire German-Based Regnerbau Calw GmbH
Acquisition expands professional irrigation product portfolio
Headquartered in Althengstett,
“The addition of the Perrot portfolio helps expand Toro’s presence in
the sports field and agricultural industries, while also growing our
position in adjacencies to our core businesses,” said
“With over 90 years of experience in the irrigation industry, the Perrot
team will be a great fit with Toro as both companies share similar
cultures and a commitment to manufacturing high-quality, professional
irrigation products and providing exceptional service to customers,”
said
About The
The
Forward-Looking Statements
This news release contains
forward-looking statements, which are being made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on management’s current
assumptions and expectations of future events, and often can be
identified by words such as “expect,” “strive,” “looking ahead,”
“outlook,” “guidance,” “forecast,” “goal,” “optimistic,” “anticipate,”
“continue,” “plan,” “estimate,” “project,” “believe,” “should,” “could,”
“will,” “would,” “possible,” “may,” “likely,” “intend,” “can,” “seek,”
“potential,” “pro forma,” or the negative thereof or similar
expressions. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those
projected or implied. Particular risks and uncertainties include: delays
in completing the acquisition and the risk that the acquisition may not
be completed at all; the failure by us to achieve the growth prospects
and any cost or revenue synergies expected from the acquisition or
delays in the realization thereof; delays and challenges in integrating
the business after the acquisition is completed; operating costs and
business disruption during the pendency of and following the
acquisition; loss of key personnel; unanticipated liabilities or
exposures for which we have not been indemnified or may not recover;
general adverse business, economic or competitive conditions; and other
risks and uncertainties described in our most recent annual report on
Form 10-K, subsequent quarterly reports on Form 10-Q, and other filings
with the
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Source: The
The Toro Company
Investor Relations
Heather
Hille, 952-887-8923
Director, Investor Relations
heather.hille@toro.com
or
Media
Relations
Branden Happel, 952-887-8930
Senior Manager,
Public Relations
branden.happel@toro.com