Deere & Co. has acquired Roberts Irrigation Products Inc. as part of a global effort involving precision water systems for commercial planters. Neither party disclosed terms of the deal.
While Deere's strategic move into this market is more than 3 years old, the acquisition represents the program's first public disclosure, said Michael McGrady, president of John Deere precision water systems, a business unit that is part of the firm's agricultural equipment segment.
At its San Marcos, Calif., facility, Roberts Irrigation does injection molding and film and tube extrusion, using polyethylene, McGrady said in a telephone interview. He would not disclose other details about the operation. The firm outsources its needs for rotational molded parts.
Roberts Irrigation makes high-performance micro- and drip-irrigation products for sales in agricultural, nursery and greenhouse markets in more than 40 countries.
Deere is retaining John Roberts and Jack Butler as president and executive vice president, respectively, at Roberts Irrigation.
``We chose Roberts [Irrigation] for the people,'' said McGrady.
Deere disclosed the deal June 19.
Other acquisitions may follow: ``Deere is entering the market with intent to be an important supplier,'' McGrady said.
Robert Irrigation's products and brands include Ro-Drip tapes, Max Flat hose, PVC valves and Spot-Spiller spray stakes, and micro sprinklers and, for nursery containers, the Drop-In Bubbler.
Deere of Moline, Ill., reported profit of $1.45 billion on sales of $19.4 billion for the fiscal year ended Oct. 31.