Deere to Buy Sugarcane Harvester Aftermarket Parts Provider Unimil
October 14 2019 - 11:52AM
Dow Jones News
By Colin Kellaher
Deere & Co. (DE) on Monday said it agreed to buy Unimil, a
privately held Brazilian provider of aftermarket parts for
sugarcane harvesters, for an undisclosed amount.
The Moline, Ill., maker of farm and construction machinery said
Unimil, which has about 430 employees, will retain its current
brand name.
Deere, which recently introduced a new sugarcane harvester
designed to reduce production costs, said it plans to continue the
current direct-to-customer business model of selling Unimil
products while offering dealers an opportunity to provide
additional services and support to sugarcane customers.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 14, 2019 11:37 ET (15:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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