Secret Site Map
Friday, October 24, 2014

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

ScottsMiracle-Gro Signs Definitive Agreement to Acquire Action Pest Control

The Scotts Miracle-Gro Company announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Evansville Ind., which ranked 56th on the 2014 PCT Top 100 list, with annual revenues of $11.6 million. The transaction, which is expected to close by January 2015, would mark Scotts’ first acquisition of a structural pest control business.

WCBB Raising Funds to Help Injured Industry Professional

Trade group Wildlife Control Business Builders (WCBB) is raising funds to help ECO Wildlife Solutions' Susan Sims, who suffered serious injuries as a result of a ladder fall.

Study Examines Disease Potential of NYC's Rats

Columbia University researchers spent a year collecting 133 rats in Manhattan. They found that the specimens were carrying food-borne illnesses like salmonella, as well as fever-inducing illnesses.

NPMA Looks to the Future During PestWorld Opening Ceremony

More than 3,000 industry professionals from 80-plus countries have traveled to Orlando, Fla., for PestWorld ’14. The Opening Ceremony, sponsored by Bayer, featured musical act Rhythm Extreme.

NPMA Pinnacle Award Presented to Tom Fortson

Fortson, longtime president of Terminix Service, Columbia, S.C., was announced as recipient of the NPMA Pinnacle Award, NPMA’s highest honor.

x