Deere to acquire sprayer and planter manufacturer

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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SOURCE Deere & Company

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