The Ottumwa Courier

December 23, 2013

Deere completes partial sale of landscapes business


Ottumwa Courier

---- — MOLINE, Ill. — Deere & Company 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.