BLOOMINGTON, MN - Sep. 5, 2013 - The Toro
Company. 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 .
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