John Deere buys majority stake in Hagie Manufacturing

0
584
Hagie AirScout sprayer

MOLINE, Ill. — Deere & Company has entered a joint venture with Hagie Manufacturing, maker of high-clearance sprayers. In the agreement, Deere acquires majority ownership of Hagie Manufacturing, which will continue producing sprayers in its current Clarion, Iowa, location.

Equipment made by the joint venture will continue to carry the Hagie brand while sales and service for Hagie equipment will be integrated into Deere’s global distribution channel over the next 15 months.

“High-clearance spraying equipment is a new market for Deere,” said John May, president, Agricultural Solutions and chief information officer at Deere. “The expertise at Hagie allows John Deere to immediately serve customers who need precision solutions that extend their window for applying nutrients.”

May said the joint venture investment allows John Deere to provide a broader range of sprayer options and integrate Deere’s precision technology into the Hagie equipment.

Alan Hagie, chief executive officer at Hagie Manufacturing, said, “We have great products at Hagie that help producers be more profitable but we need a business model that helps us reach more customers.”

STAY INFORMED. SIGN UP!

Up-to-date agriculture news in your inbox!

NO COMMENTS

LEAVE A REPLY

Receive emails as this discussion progresses.