Deere Purchases Israeli Parts Company

Deere & Co 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.

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.