Deere Invests in Sprayer Company

Deere recently announced it has entered a joint venture with Hagie Manufacturing, which makes high-clearance sprayers. In the agreement, Deere acquires majority ownership of Hagie Manufacturing, which will continue producing sprayers in Clarion, Iowa.

Equipment made by the joint venture will carry the Hagie brand, while sales and service for Hagie equipment will be integrated into Deere’s global distribution channel over the next 15 months.

John May from Deere said the deal allows his company to provide a broader range of sprayer options and integrate its precision technology into the Hagie equipment to help customers reduce costs and improve yields.

“High-clearance spraying equipment is a new market for Deere," May said. "The expertise at Hagie allows John Deere to immediately serve customers who need precision solutions that extend their window for applying nutrients.”

Source: Ohio’s Country Journal S