BLOOMINGTON, Minn.--(BUSINESS WIRE)--Nov. 14, 2014--
The Toro Company (NYSE:TTC) today announced that it has completed the
acquisition of the BOSS® professional snow and ice
management business for approximately $227 million, subject to
post-closing adjustments. The signing of the definitive purchase
agreement for the acquisition was previously announced on October 27,
2014 and a copy of that press release can be found at www.thetorocompany.com/bossagreement.
BOSS designs, manufactures and sells snowplows, salt and sand spreaders,
and related parts and accessories, for light and medium duty trucks,
ATVs, UTVs and loaders. To learn more about BOSS, visit www.bossplow.com.
About The Toro Company
The Toro Company (NYSE: TTC) is a
leading worldwide provider of innovative turf, landscape, rental and
construction equipment, and irrigation and outdoor lighting solutions.
With sales of more than $2 billion in fiscal 2013, Toro’s global
presence extends to more than 90 countries through strong relationships
built on integrity and trust, constant innovation and a commitment to
helping customers enrich the beauty, productivity and sustainability of
the land. Since 1914, the company has built a tradition of excellence
around a number of strong brands to help customers care for golf
courses, sports fields, public green spaces, commercial and residential
properties and agricultural fields. More information is available at www.thetorocompany.com.
Source: The Toro Company
The Toro Company
Investor Relations:
Amy Dahl,
952-887-8917
Managing Director, Corporate Communications and
Investor Relations
amy.dahl@toro.com
or
Media
Relations
Branden Happel, 952-887-8930
Senior Manager,
Public Relations
branden.happel@toro.com