Deere Remakes Leadership Position
John Deere is enhancing its remanufacturing focus.
Deere & Co. has acquired full ownership of ReGen Technologies, Inc, a remanufacturing company located in Springfield, MO. Deere had already owned 50 percent of the business.
John Deere says the operations will be more fully integrated with remanufacturing operations in Edmonton, AB, Canada and the overall name of the business will be John Deere Reman — an organization focused on growing Deere’s remanufacturing business globally.
“We aspire to an enhanced leadership position in the remanufacturing business,” says Barry Schaffter, senior vice president of manufacturing in Deere’s Construction & Forestry division. “ReGen has delivered impressive business results through a dedication to quality and ingenuity.”
ReGen was founded in 1998 to remanufacture engines for John Deere products in the U.S. and Canada and has broadened its product line since then to include other engine components, fuel injection systems, starters, alternators, air conditioning components, and other key parts for John Deere customers of agricultural, construction, and forestry equipment around the world. Schaffter says the remanufacturing business is important to Deere because of the environmental benefit that comes from recycling components of heavy equipment. Financial details of the transaction were not released.
(Source: Deere & Co.)