John Deere has entered into a purchase agreement with Bauer Built Manufacturing Inc. of Paton, Iowa, with a goal of acquiring its manufacturing facility, equipment, inventory, designs and intellectual property. The deal is expected to be completed by Oct. 31 pending approval.
Since 2002, Bauer has built co-branded planters with John Deere as part of a design and manufacturing partnership. In 2009, John Deere introduced its largest-ever planter, the DB120, in conjunction with Bauer. The 120’ machine plants 48 rows on 30" spacings.
"John Deere intends to accelerate the growth of its planter business globally," says Aaron Wetzel, vice president for the crop care platform, John Deere worldwide agriculture and turf division. "This objective is in line with John Deere's strategy to fully understand the needs of customers and deliver products and services that enhance our customers' productivity."
Click here to read the full announcement from John Deere.