MOLINE, Ill., July 31, 2018 /CNW/ -- Deere & Company
(NYSE: DE) has signed a definitive agreement to acquire PLA, a
privately-held manufacturer of sprayers, planters, and specialty
products for agriculture. PLA is based in Argentina, with manufacturing facilities in
Las Rosas, Argentina, and Canoas,
Brazil.
"The PLA acquisition enhances John Deere's commitment to
customers as we continue to provide innovative, cost-effective
equipment, technology, and services to improve their productivity,"
said John May, President,
Agricultural Solutions & Chief Information Officer at
Deere.
Founded in 1975, PLA was the first company to manufacture
self-propelled sprayers in Latin
America and has brought innovative solutions to its
customers ever since. The company has approximately 450 employees
and currently markets products on four continents.
Deere & Company (www.JohnDeere.com) is a world leader in
providing advanced products and services and is committed to the
success of customers whose work is linked to the land - those who
cultivate, harvest, transform, enrich and build upon the land to
meet the world's dramatically increasing need for food, fuel,
shelter and infrastructure. Since 1837, John Deere has delivered
innovative products of superior quality built on a tradition of
integrity.
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content:http://www.prnewswire.com/news-releases/deere-to-acquire-sprayer-and-planter-manufacturer-300689219.html
SOURCE Deere & Company