The Toro Company acquires L.T. Rich Products, Inc. (Z-Spray)

The Toro Company acquired L.T. Rich Products, Inc. (Z-Spray) for Not disclosed (immaterial to Toro), a transaction completed in March 2018. The deal was a Asset purchase.

L.T. Rich Products, Inc. (Z-Spray) operates in Professional, is based in United States. Effective March 19, 2018 (Toro's fiscal 2018 second quarter) Toro acquired substantially all the assets and assumed certain liabilities of L.T. Rich Products, Inc., a manufacturer of professional zero-turn spreader/sprayers (Z-Spray), aerators, and snow-and-ice management equipment. Toro described the acquisition as immaterial and did not disclose the price.

L.T. Rich broadened and strengthened Toro's professional lawn-solutions and landscape/snow product lines.

Professional segment (landscape contractor / lawn solutions)

Advisory firms were not disclosed for this transaction.

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