The Toro Company has acquired L.T. Rich Products, a manufacturer of commercial zero-turn spreader/sprayers, aerators and snow and ice management equipment.
The terms of the transaction were not disclosed.
L.T. Rich Products is known for its Z-Spray line of stand-on spreader and sprayers for landscape contractors and grounds professionals. 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.”
Since 1999, L.T. Rich Products has developed numerous products to help industry professionals minimize labour. Before entering the equipment manufacturing industry, the company, based in Lebanon, Indiana, worked in the landscaping field. It’s equipment is also manufactured at its Indiana headquarters.
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“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.”
The Toro Company is a provider of turf maintenance, snow and ice management, landscape, specialty construction equipment, irrigation and outdoor lighting solutions. With sales of $2.5 billion in f 2017, Toro products are available in more than 125 countries.
