Toro Company sells Pope residential garden watering business in Australia to The AMES Company.
The Toro Company sells its Pope Products residential garden watering and irrigation business in Australia to The AMES Company, a subsidiary of Griffon Corporation. The sale aims to focus on strategic priorities for profitable growth in golf, sports fields, grounds, professional contractors, rental, and residential markets. The Pope business will contribute approximately $25m in revenue and be accretive to Griffon's earnings in the first full year of ownership.
July 01, 2024
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