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The Toro Company Completes Previously Announced Acquisition of German-Based Regnerbau Calw GmbH

BLOOMINGTON, Minn.--(BUSINESS WIRE)--Jan. 3, 2017-- The Toro Company (NYSE:TTC) today announced that it has completed the acquisition of Regnerbau Calw GmbH, a privately held manufacturer of professional irrigation equipment. Toro previously announced that it entered into an agreement for the acquisition on November 3, 2016, and a copy of that news release can be found at www.thetorocompany.com/news. Terms of the transaction were not disclosed.

Headquartered in Althengstett, Germany, Regnerbau Calw GmbH manufactures a variety of irrigation products under the Perrot brand, including retractable sprinklers for sports fields, impact sprinklers and coupling systems for agricultural fields, and rain guns for industrial applications. The long-distance casting range and fast rotation of Perrot’s sports field sprinklers make them an ideal choice for maintaining both natural and synthetic turf on soccer, tennis, rugby, cricket, golf and equine venues.

About The Toro Company

The Toro Company (NYSE:TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf, snow and ground engaging equipment, and irrigation and outdoor lighting solutions. With sales of $2.4 billion in fiscal 2016, Toro’s global presence extends to more than 90 countries. Through constant innovation and caring relationships built on trust and integrity, Toro and its family of brands have built a legacy of excellence by helping customers care for golf courses, landscapes, sports fields, public green spaces, commercial and residential properties and agricultural fields. For more information, visit www.thetorocompany.com.

Source: The Toro Company

The Toro Company
Investor Relations
Heather Hille, 952-887-8923
Director, Investor Relations
heather.hille@toro.com
or
Media Relations
Branden Happel, 952-887-8930
Senior Manager, Public Relations
branden.happel@toro.com