Secret Site Map
Wednesday, April 23, 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

Arrow Exterminators Acquires Florida Company

Arrow acquired Tallahassee, Fla.-based Action Pest Control.

NPMA Announces Results of 2014-2015 Board Election

Billy Tesh, Pest Management Systems, Inc., Greensboro, N.C., will serve as the association's president.

Viking Pest Control Introduces Roach Coaches

Several buses throughout New Jersey are decked out with cockroaches and the Viking Pest Control logo/contact as part of a new advertising initiative.

Photos: Bed Bugs vs. Bat Bugs

Additional photos from Dr. Michael Potter for the August PCT feature 'Holy Cow...Bat Bugs and Bird Bugs.'

Central Garden & Pet Acquires Envincio Assets

The acquisition provides Central with EPA-exempt products, thereby allowing the company to expand its line of specialty products.