BATESVILLE, Ark. (KAIT) – After Toro Company announced it was buying Intimidator in January, it was made official at a press conference on Thursday.
Intimidator executives handed over the reins of their manufacturing plant to the billion-dollar company, and Toro CEO Rick Olsen said he knew it was a perfect place.
“We love areas where our products can contribute to the community,” he said. “That’s why Batesville suited us so well.”
Olsen added since the purchase he has enjoyed his time in Batesville and has been blown away by the support.
“We’ve been incredibly impressed with the community here,” he said. Especially the way people have come together to support businesses.
Mayor Rick Elembaugh said the company’s introduction would mean a lot to his city.
“I think whenever economic development happens, it means jobs,” he said. “That means it will trickle down to our estate agents and our properties.”
Elembaugh added that the company’s growth will be felt not only in the city, but also throughout the county.
“All of our industries in Batesville Arkansas will benefit,” he said. “I think you’re going to see tremendous job growth here in Independence County.
Toro plans to do different projects around town, with an emphasis on the outdoors.
“We do a lot of stadium renovations of that sort of thing, and help with equipment and maintain parks and outdoor areas,” Elembaugh said.
Copyright 2022 KAIT. All rights reserved.