Deere Completes Partial Sale of Landscapes Business

Deere & Co. completed its sale of a majority interest in its landscapes business to the private equity investment firm of Clayton, Dubilier & Rice, LLC. In October, Deere announced it would initially retain a 40-percent equity interest in John Deere Landscapes and sell the remainder to CDR.

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