Deere said Dec. 15 it will buy an extra 42 percent stake in Nortrax, its largest construction and forestry equipment dealer. The $112 million purchase from Credit Suisse First Boston Equity Partners will raise Deere’s stake in Nortrax to 83 percent. Deere said it will buy the remaining stake next year for $55 million.
Deere to raise stake in Nortrax
December 28, 2003