BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sep. 5, 2013--
The Toro Company (NYSE: TTC), a leading worldwide provider of turf,
landscape, rental and construction equipment, and irrigation and outdoor
lighting solutions, broke ground today on a $25 million expansion in
Bloomington, Minnesota that the company has called home for over 50
years. The project begins the process of expanding the company’s product
development and test capacities, demonstrating its continued commitment
to innovation.
“We are investing in our Bloomington facility to enable our businesses
to continue to meet the needs of our customers,” said Michael J.
Hoffman, Toro’s chairman and chief executive officer. “With the
anticipated growth of our businesses, through ongoing product
development and the addition of recent acquisitions taking us into new
markets, this investment will help to expand our technical capacity and
further the innovation our customers expect. As we celebrate our
Centennial next year, this project will help position us for the future
and reinforce our commitment to innovation, our customers, and our
employees.”
The 75,000-square foot expansion is scheduled for completion in the
summer of 2014. Toro moved to its Bloomington, MN, location in 1952,
opening a research and development facility, and later its headquarters
in 1962. The last major addition to the facility came in 1997.
The construction effort is being led by Minneapolis-based Ryan Companies
US, Inc. and LEO A DALY LLP is the architect on the project.
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 $1.9 billion in fiscal 2012, 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.toro.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
