The Latest News from the Morton EDC
November 2015
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John Deere has announced the acquisition of Precision Planting from Monsanto, including Precision Planting's Morton facility.
Precision Planting was a locally founded company before being sold to Monsanto in 2012. Precision Planting specializes in developing new and innovative products in the agricultural sector.
"This strategic acquisition expands the John Deere precision agriculture business and accelerates our momentum as a market leader," John Deere CIO and President of Agricultural Solutions John May said.
John Deere has indicated that they plan on maintaining staffing and operation levels at their Morton facility consistent with the incentive agreements signed when Monsanto constructed their Morton facility.
"Precision Planting has been a great success story for Central Illinois and Morton," MEDC CEO Brian Anderson said. "First as a startup that experienced major growth under founder Gregg Sauder and then major new investment after it was acquired by Monsanto. We expect that investment and growth to continue now that it has been acquired by John Deere and look forward to working with them."
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Morton Economic Development Council Leadership Circle
415 West Jefferson Street
Morton, IL 61550
309-263-2491
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