San Diego Business Journal

Deere & Co. Explores Sale of Its Irrigation Business

Wednesday, September 11, 2013

Deere & Co. might sell its irrigation business, John Deere Water, which has employees in northern San Diego County, the company said.

Illinois-based Deere (NYSE: DE) said it planned to “review strategic options” for the business, which it acquired in 2006.

Deere retained Bank of America Merrill Lynch as a financial adviser in the matter.

The San Diego Business Journal reported in mid-2012 that Deere had 323 employees at three local sites.

The city of Vista said the company currently employs 50 in Vista.

The corporation reported $36.2 billion in revenue in 2012, up from $32 billion in the previous year.

— SDBJ Staff Report