The Toro Company
| The Toro Company | |
|---|---|
| legal form | Corporation |
| ISIN | US8910921084 |
| founding | 1914 |
| Seat |
Bloomington , Minnesota ,
|
| management | Richard M. Olson CEO |
| Number of employees | 6,682 |
| sales | 2,505,000,000 USD |
| Branch | mechanical engineering |
| Website | www.thetorocompany.com |
| As of December 31, 2017 | |
The Toro Company is an American manufacturer of machines and equipment for lawn and landscaping, founded in 1914 and headquartered in Bloomington, Minnesota . The company is listed on the New York and some German stock exchanges and listed in the S&P 600 SmallCap index.
history
Toro was founded in 1914. In 1927 the tractor production was sold to Advance-Rumely . In 1984 the American Motors Corporation took over the lawn mowers and tractors division under the Wheel Horse brand . Further acquisitions followed: Lawn-Boy in 1989, James Hardie Irrigation in 1996, Exmark in 1997, Hayter in 2005, Rain Master and Turf Guard in 2007. Since the 1990s, the focus has shifted more and more to the professional user area, which in 1990 accounted for around a third of the business and increased to around 70% by 2007. The production of lawn tractors in the lower price range for private users was licensed to MTD in 2007 .
In Germany, the Toro brand was imported from 1955 to 2010 via the company Roth Motorgeräte in Pleidelsheim near Stuttgart, which had German exclusive distribution rights and went bankrupt in 2010. Since then, sales for Germany have been carried out by Toro, Belgium.
Web links
Individual evidence
- ^ Toro stock. Börse Online , accessed on September 3, 2016 .
- ↑ Randy Leffingwell: The American Farm Tractor . 2002, ISBN 978-0-7603-1370-1 ( limited preview in Google Book Search).
- ^ History. Toro Co, accessed September 3, 2016 .