BLOOMINGTON, Minn. -- Jun 27 -- The Toro Company today announced it has acquired Lawn Solutions Commercial Products, Inc., a leading manufacturer of innovative turf renovation equipment for the landscape, rental, municipal and golf markets. The acquisition, which includes a dedicated lineup of aerators, seeders, power rakes and brush cutters, adds key product categories to Toro's portfolio to support growth across its core global businesses. Terms of the transaction were not disclosed.
"Turf renovation is a natural category for Toro having built our company around turf maintenance for almost 100 years," said Michael Drazan, vice president of the company's Contractor Business. "These products complement our brands and markets extremely well, while extending our offering to customers worldwide. With our expanded distribution and market strength, we believe we can deliver significant share growth in these categories."
Based in Louisville, Kentucky, employing about 10 people, and founded in 2006, Lawn Solutions has quickly established its position in the turf renovation market and become known for its reputable line of innovative products.
It will continue to make the products for Toro in Louisville for now. Toro has had a private label agreement with Lawn Solutions since last year for a walk-behind aerator and seeder.
As part of the purchase, David Cook, owner of Lawn Solutions, will continue to consult with Toro after the acquisition and provide important product development and category expertise.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of turf and landscape maintenance equipment, and precision irrigation systems. With sales of nearly $1.7 billion in fiscal 2010, Toro's global presence extends to more than 80 countries through its reputation of world-class service, innovation and turf expertise. 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.
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