DEERE COMPLETES PARTIAL SALE OF ITS LANDSCAPES BUSINESS
Jan. 6, 2014
Source: Deere & Company news release
Deere & Company (NYSE: DE) has completed its sale of a majority interest in its landscapes business to the private equity investment firm of Clayton, Dubilier & Rice, LLC.
In October, Deere had announced it would initially retain a 40 percent equity interest in John Deere Landscapes and sell the remainder to CDR.
John Deere Landscapes has more than 2,000 employees at approximately 400 locations in 41 states.
Tweet