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THE TORO COMPANY FORMS VENTURE WITH BIO HUMA NETICS TO MARKET PROBIOTIC FERTILIZER PRODUCTS

 THE TORO COMPANY FORMS VENTURE WITH BIO HUMA NETICS
 TO MARKET PROBIOTIC FERTILIZER PRODUCTS
 BLOOMINGTON, Minn., April 7 /PRNewswire/ -- The Toro Company (NYSE: TTC) today announced that is has completed a joint venture with Bio Huma Netics, Inc., a leading-edge, bio-tech liquid fertilizer manufacturer located in Chandler, Ariz.
 The agreement provides for the formation of Toro Probiotic Products, a joint venture corporation to create and market a full line of organic- based, environmentally responsible lawn and garden liquid fertilizers. Toro said the high nutritional humate fertilizers, which originate from a proprietary organic leonardite-based technology, require significantly less phosphorus, potassium and nitrogen to achieve superior results both above and below ground than existing organic and synthetic fertilizers.
 "The venture is part of Toro's overall strategy to expand our core consumer product business," said Toro Vice President of Consumer Products David McIntosh. Bio Huma Netics is an 18-year-old, highly respected fertilizer manufacturer in the agriculture and commercial turf industries," he said. "The joint venture provides the perfect entry for Toro into a growing business that fulfills Toro's mission to preserve the environment with superior quality, innovative and environmentally sound products and services," McIntosh added.
 Financial terms of the agreement were not disclosed. The transaction is expected to have no material impact on earnings in the current fiscal year.
 The Toro Company, headquartered in Bloomington, Minn., is the world's leading independent manufacturer and marketer of outdoor turf maintenance and beautification products.
 -0- 4/7/92
 /CONTACT: Dave Mona of Mona, Meyer, McGrath & Gavin, 612-832-5000, for Toro/
 (TTC) CO: The Toro Company, Bio Huma Netics, Inc. ST: Minnesota, Arizona IN: SU: JVN


AL -- MN010 -- 5984 04/07/92 17:19 EDT
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Publication:PR Newswire
Date:Apr 7, 1992
Words:277
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