Toro Company (TTC) Acquires Certain TY-CROP Topdressing Equipment Assets
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The Toro Company (NYSE: TTC) today announced it has acquired certain assets from TY-CROP Manufacturing Ltd. TY-CROP is a leading manufacturer of topdressing and material handling equipment for golf course and sports field applications.
Through the acquisition, Toro has acquired several models of topdressing and material handling equipment that will enhance the company's position in the turf maintenance industry. TY-CROP products will be marketed under the Toro brand and sold through Toro's distribution channel in the United States and international markets.
Though mostly used in golf courses, topdressing machines are becoming increasingly accepted with the maintenance of sports fields. Sports turf managers can use these machines to evenly apply a variety of materials like topsoil, fertilizer, sand, lime, and even crumb rubber for artificial turf.
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