Secret Site Map
Tuesday, March 03, 2015

Home News Deere to Sell Majority Stake in Landscapes Business

Deere to Sell Majority Stake in Landscapes Business

News Coverage

John Deere is selling a majority share of its landscape distribution business to private equity investment firm Clayton, Dubilier & Rice for about $300 million, according to reports.

| October 31, 2013

John Deere is selling a majority share of its landscape distribution business to private equity investment firm Clayton, Dubilier & Rice for about $300 million, according to reports.

The transaction will allow Deere to keep a 40% equity interest in the new company while focusing on turf, forestry and other industries, according to James Field, president of Deere's Worldwide Agriculture & Turf Division. Meanwhile, "Deere's ongoing equity ownership reflects its interest in remaining part of a successful landscapes distribution business," said David Werning, who will remain as John Deere Landscapes president after the deal. 

Top news

Rollins Acquires Critter Control

Critter Control is 100% franchised with 114 franchises operating in 40 states and two Canadian provinces. It is the largest wildlife control company in the United States.

Protect-A-Bed Releases New Bed Bug Testing Kit

The new LightsOut Lab-In-A-Bag Efficacy Kit is now available to assist the pest management industry.

Ecolab Releases 2014 Q4 Results

The company said its fourth-quarter earnings rose 17%. Ecolab CEO Doug Baker said the company’s U.S. pest business “has been steadily improving” due to a number of investments in that business starting two years ago.

More 2014 Angie’s List Award Winners Announced

Angie’s List recently announced the following companies as 2014 Super Service Award winners: Arizona Pest Control, Tucson, Ariz.; Braman Termite and Pest Elimination, Agawam, Mass.; Inspect-All, Conyers, Ga.; and Gannon Pest Control, Solvay, N.Y.

Gerbils, Not Rats, May Have Caused Black Death

Black rats may not have been to blame for numerous outbreaks of the bubonic plague across Europe, a new study suggests.

x