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Deere & Company recently announced they had sold a majority interest in John Deere Landscapes to the private investment firm of Clayton, Dubilier & Rice. The transaction created a new, freestanding enterprise jointly owned by Deere and CD&R. "CD&R has been interested in John Deere Landscapes for quite some time and the firm's focus on growth and deep experience with businesses like ours make the firm an ideal partner," says David Werning, CEO of John Deere Landscapes. Werning went on to state that the fact that his parent company retained some equity ownership is evidence of their plans to remain a part of the landscape industry. John Deere Landscapes is a wholesale distributor of irrigation, landscape lighting, nursery, turf and maintenance supplies for green industry contractors, and also offers them additional services that support their core businesses.
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