Deere & Company sells Homelite operations to TechTronics

Deere & Company announced that it has sold its Homelite consumer products business to TechTronics Industries Co., Ltd. of Hong Kong. Under terms of the agreement, TechTronics will own the Homelite brand of handheld and power equipment that is well established in mass-market outlets. TTI will also own the Green Machine brand name previously used by Deere on handheld and power equipment. Deere said the Company's extensive dealer network would continue to market the John Deere Pro Series line of handheld and portable power equipment for commercial users.

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