Deere & Co. Explores Sale of Its Irrigation BusinessWednesday, 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