News: USA - Deere & Co. gains full ownership of remanufacturing company
Deere & Co. announced last week in a news release that it has acquired full ownership of ReGen Technologies, Inc., a remanufacturing company in Springfield
Thursday, 13th November 2008
Deere had already owned 50 per cent of the business prior to this acquisition. John Deere said the operations will be more fully integrated with remanufacturing operations in Canada. 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," said 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 US 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 said the remanufacturing business is important to Deere because of the environmental benefit that comes from recycling components of heavy equipment.