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Toro Buys Graden Greens Roller Line
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- Category: Equipment
- Published: Friday, 09 December 2011 16:04
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BLOOMINGTON, Minn. (December 9, 2011) – The Toro Company (NYSE: TTC) today announced it has acquired the Graden greens roller product line, which includes the GSR 1200 greens roller. The acquisition provides entry into a new product category and broadens Toro’s offering to golf customers worldwide. Terms of the deal were not disclosed.
“This acquisition fills an important product gap in our core golf business and helps further strengthen our offering in the greens care category,” said Darren Redetzke, vice president of Toro’s Commercial Business. “Rolling greens has become an important agronomic practice for golf courses that improves the health and playability of the greens. By leveraging our brand strength and extensive global distribution, we are well positioned for growth in this new segment.”
Graden’s other turf maintenance product lines, which include zero-turn mowers, verticutters and sand injectors, were not associated with this acquisition.
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 $1.9 billion in fiscal 2011, Toro’s global presence extends to more than 90 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. More information is available at www.toro.com.