Ventrac sold to Toro

[murphy1244]

Seems toro bought Ventrac today.........The Toro Company to Acquire Venture Products, Inc., Manufacturer of Ventrac Products

 

[CADplans]

That is the second time that same family sold the same business?? IIRC,,,,

:confused2:

 

[VentracInLaw]

Yes, you can see it all in their latest You Tube

 

[coolconnection]

Toro will ruin Ventrac just like they did to Wheel Horse. They bought them so they could get more of the market. They put out a crappy little tractor which did poorly and switched to all zero turns. I feel bad for all the Ventrac employees. Hope they don't lose their jobs.
The same family owned Steiner and sold it to Jacobson who moved it to Wisconsin from Orville, Ohio.

 

[AJMorris]

I thought the company was employee owned

 

[John Joseph McVeigh]

I hope that this works out well for all concerned. I have reservations.

 

[Industrial Toys]

Was just talking to my lady friend who said her company has been sold, and I mentioned that I don't think I have ever heard of a company being sold and the result was positive.

Probably a good day for Steiner.

 

[John Joseph McVeigh]

Was just talking to my lady friend who said her company has been sold, and I mentioned that I don't think I have ever heard of a company being sold and the result was positive.

Probably a good day for Steiner.

"The Toro Company will purchase Venture Products, Inc. for $167.5 million in cash, subject to certain adjustments. The Toro Company expects to finance the transaction by borrowing under its existing revolving credit facility."

Link.

 

[Industrial Toys]

I bet the employees have been assured "NOTHING WILL CHANGE".

TORO does make GREAT products.

 

[mike48130]

Toro bought Exmark and didn't screw it up. I have a Toro ZT which is basically an Exmark, but I liked it better since it has the Kawasaki engine which wasn't offered in the Exmark I believe. I think Toro also made the riding mowers for New Holland.