The Toro Company (NYSE: TTC) announced June 27 that it has acquired Lawn Solutions Commercial Products, Inc., a manufacturer of...
The Toro Company acquires Lawn Solutions Commercial Products, Inc.
The Toro Company (NYSE: TTC) announced June 27 that it has acquired Lawn Solutions Commercial Products, Inc., a manufacturer of 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, Ky., and founded in 2006, Lawn Solutions has quickly established its position in the turf renovation market and become known for its reputable line of products. 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.