Toro Company to acquire Venture Products for $167.5M in cash Toro Company announced that it has entered into an agreement to acquire privately-held Venture Products, the manufacturer of Ventrac-branded products. The transaction is subject to regulatory approvals and other customary closing conditions, and is currently anticipated to close before the end of The Toro Company’s fiscal 2020 second quarter. Based in Orrville, Ohio, Ventrac is a manufacturer of articulating turf, landscape, and snow and ice management equipment for the grounds, landscape contractor, golf, municipal and rural acreage markets. Ventrac products are designed to enable the operator to use the equipment in a variety of settings with ease. For calendar year 2019, Ventrac generated net sales of approximately $100M. The Toro Company will purchase Venture Products for $167.5M in cash, subject to certain adjustments. The Toro Company expects to finance the transaction by borrowing under its existing revolving credit facility.
Toro Company to acquire Venture Products for $167.5M
Jan 21, 2020