Deere Acquires Beit Hashita Metal Industries
Deere Co. (NYSE:DE) has acquired Israeli manufacturer Beit Hashita Metal Industries. Beit Hashita Metal manufactures machinery and agricultural implements for the industry.
The deal was actually closed earlier in the week after a District Court in Nazareth approved of the sale of the assets as part of a settlement with creditors.
The offer for Beit Hashita Metal Industries Ltd. was initially made in December 2009, and was waiting on due diligence before being concluded and formalized.
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