Toro acquires L.T. Rich Products
The Toro Company has acquired L.T. Rich Products, a manufacturer of commercial zero-turn spreader/sprayers, aerators and snow and ice management equipment.
L.T. Rich Products produces the Z-Spray line of stand-on spreader/sprayers for landscape contractors and grounds professionals.
Other products from L.T. Rich include the Z-Plug stand-on aerator, designed to convert to a slicer/seeder, snow plow or dethatching rake, and the stand-on Snowrator for snow and ice management. Terms of the deal were not disclosed.
“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.”
Based in Bloomington, Minn., Toro manufactures outdoor power equipment and had sales of $2.5 billion in 2017.
