Toro Co. forms new financing venture

08/14/2009 | American City Business Journals

A joint venture formed by landscaping equipment company Toro Co. and TCF Inventory Finance will provide financing to Toro's U.S. and Canadian distributors and dealers. The joint venture, dubbed Red Iron Acceptance, will allow Toro to free up working capital, company executives said. It will replace a partnership between Toro's Toro Credit Co. unit and GE Capital, General Electric Co.'s financing unit.

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