Tuesday, Deere & Co. (DE) said it has made a conditional offer to purchase certain assets and customer relationships of BHC Manufacturing, which is located near Beit Hashita, Israel.
BHC, which employs around 110 people, is a manufacturer of cotton picker repair parts for all makes of equipment and a supplier of cotton picker row units for other equipment manufacturers. The action would allow Deere to expand its products and services in the company's already successful cotton picker business.
"John Deere continues to focus on a strategy of global growth. This commitment extends to serving cotton customers around the world. By combining the manufacturing assets of BHC with Deere's existing manufacturing capacity, John Deere will have improved capability, efficiency, and geographic reach to satisfy customer needs," said Mark von Pentz, President, Agriculture & Turf Division.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.