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Deere Completes Sale of Landscapes Business

December 23, 2013

Deere & Company completed its sale of a majority interest in its landscapes business for $300 million, the company announced today.

The majority interest in John Deere Landscapes was sold to the private equity investment firm of Clayton, Dubilier & Rice, according to a press release. Deere & Company retained a 40 percent equity interest in the business.

John Deere Landscapes has more than 2,000 employees at approximately 400 locations in 41 states.

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