DEERE TO BUY SPRAYER & PLANTER MANUFACTURER

Deere & Company 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.

John May, President, Agricultural Solutions & Chief Information Officer at Deere said, "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."

Founded in 1975, PLA was the first company to manufacture self-propelled sprayers in Latin America. The company has approximately 450 employees and currently markets products on four continents.