Deere acquires Argentina-based ag equipment maker
BUSINESS RECORD STAFF Jul 31, 2018 | 8:42 pm
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115 wordsAll Latest News, Innovation and Entrepreneurship, ManufacturingDeere & Co. announced today it has signed a definitive agreement to acquire PLA S.A., 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. Financial terms of the agreement were not disclosed. 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. “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,” said John May, president of agricultural solutions and chief information officer at Deere.