DEERE & Company has made a conditional offer to purchase certain assets and customer relationships of BHC Manufacturing, which is located near Beit Hashita, Israel.
BHC, which employs approximately 110 people, is a manufacturer of cotton picker repair parts for all makes of equipment and a supplier of cotton picker row units for other equipment manufacturers. The action would allow Deere to expand its products and services in the company's already successful cotton picker business.
Deere said the conditional offer is contingent upon the satisfactory completion of due diligence. Terms of the transaction were not made public. Deere said it anticipates completing due diligence in the 2nd quarter of its 2010 fiscal year.
John Deere is a world leader in providing advanced products and services for agriculture, forestry, construction, lawn and turf care, landscaping and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment.
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