TORO FORMS PARTNERSHIP WITH RYOBI OUTDOOR PRODUCTS INC.
TORO FORMS PARTNERSHIP WITH RYOBI OUTDOOR PRODUCTS INC. Companies to Jointly Develop Hand-held Outdoor Appliances BLOOMINGTON, Minn., Sept. 3 /PRNewswire/ -- The Toro Company (NYSE: TTC) and Ryobi Outdoor Products Inc. a leader in electrical products and small hand-held gas engine technology, have entered into an agreement to jointly develop hand-held lawn and garden appliances, such as gas trimmers, blowers and blower vacs. Toro said the products will be marketed through its distribution network under the Toro and Lawn-Boy brand names. "The combined strengths of Toro and Ryobi Outdoor Products will provide a significant competitive advantage in the growing market for environmentally friendly lawn care products," said Toro Vice President of Consumer Marketing and Sales Rich Mueller. This action is in line with Toro's strategy to meet consumers' requirements with quality products under both the Toro and Lawn-Boy brand names," he said. "We are very pleased with our new partnership with Toro," said Bob Goucher, president of Ryobi Outdoor Products. "It enables Toro/Lawn-Boy to utilize their strong brand recognition and distribution network to offer consumers a full array of innovative, high-quality and high-value lawn care products that are designed and manufactured by Ryobi." Ryobi Outdoor Products, headquartered in Chandler, Ariz., is a world class manufacturer of power, hand-held lawn and garden products. The Toro Company, based in Bloomington, is the leading provider of lawn and turf care products for residential and commercial applications. -0- 9/3/92 /CONTACT: Richard G. Mueller, vice president of Consumer Marketing and Sales, 612-887-8800, or Dennis P. Himan, vice president treasurer, 612-887-8411, both of Toro; or Robert L. Goucher, president of Ryobi Outdoor Products, 602-961-1002/ (TTC) CO: The Toro Company; Ryobi Outdoor Products Inc. ST: Minnesota, Arizona IN: SU: JVN
AL -- MN013 -- 6564 09/03/92 15:49 EDT
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|Date:||Sep 3, 1992|
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