Deere Completes Partial Sale of Landscapes Business

CD&R to Acquire john Deere Landscapes

MOLINE, Illinois (December 23, 2013) – Deere & Company (NYSE: DE) has completed its sale of a majority interest in its landscapes business to the private equity investment firm of Clayton, Dubilier & Rice, LLC. In October, Deere announced it would initially retain a 40 percent equity interest in John Deere Landscapes and sell the remainder to CDR. John Deere Landscapes has more than 2,000 employees at approximately 400 locations in 41 states.

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