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US AGRO-EQUIPMENT GIANT DEERE BUYS ISRAELI COTTON PICKER BHC

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Friday, May 14th, 2010

Deere & Company is buying Israel’s Beit Hashita Metal Industries Ltd. (BHC) and intends to retain the majority of BHC’s employees, including its general manager. BHC is a manufacturer of cotton picker repair parts for all makes of equipment and a supplier of cotton picker row units for other equipment manufacturers.

BHC is John Deere’s second major investment in Israel. In 2008, Deere acquired irrigation equipment manufacturer Plastro Irrigation Ltd. from Kibbutz Gvat for $245 million. The company is now John Deere Water – Israel Ltd., and operates two factories in Israel. BHC will be John Deere’s third manufacturing plant in Israel.

John Deere, which was founded in 1837, is a world leader in providing products and services for agriculture, forestry, construction, landscaping and irrigation. The company also provides financial services and manufactures and markets engines used in heavy equipment

Source: Invest in Israel