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
L.T.
“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
“With a shared commitment to innovation and serving customers, we look
forward to having our products become a part of
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,”
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“potential,” “pro forma,” or the negative thereof or similar
expressions. Forward-looking statements involve risks and uncertainties
that could cause actual events and results to differ materially from
those projected or implied. Particular risks and uncertainties include:
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
personnel, including those necessary for the manufacturing operations;
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