Toro acquires L.T. Rich

The Toro Co. acquired L.T. Rich Products, a manufacturer of commercial zero-turn spreader/sprayers, aerators and snow and ice management equipment. Terms of the transaction were not disclosed.

L.T. Rich Products, based in Lebanon, Ind., is known for its Z-Spray line of zero-turn, stand-on spreader/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. The L.T. Rich products will continue to be sold under the Z-Spray, Z-Plug and Snowrator product names, according to a Toro spokesman.

Tom Rich, president of L.T. Rich, said he looks forward to having the company’s products join Toro.

“We believe that Toro’s strong history, market leadership and resources will further enable our continued growth in the market,” he said.

Rich and the company’s employees will continue to be part of the business and production will continue in Indiana for now, the spokesman said.

“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 Olson, chairman and CEO of Toro. “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.”

Image: L.T. Rich

Source: http://landscapemanagement.net/toro-acquires-l-t-rich/

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