Deere to Buy King Agro

Deere & Co. is acquiring King Agro, a privately held manufacturer of carbon fiber technology products with headquarters in Valencia, Spain, and a production facility in Campana, Argentina.

“This transaction provides John Deere customers the chance to benefit further from King Agro’s unique knowledge, designs and expertise in carbon fiber technology,” said John May with Deere.

In 2015, Deere and King Agro agreed to develop and distribute carbon fiber booms for Deere application equipment in agriculture. King Agro has been a family-owned business with about 180 employees.

Source: Waterloo Cedar Falls Courier