According to several published reports, Deere & Co. will lay off more than 160 employees at two of its manufacturing facilities. The company had said earlier that it planned to reduce production at its Illinois and Iowa facilities in the second half of the year.
Headquartered in Eldora, Iowa, USM is widely recognized as the leading manufacturer of long-lasting hammer mill components available to both OEMs and the after-market. The terms of the transaction were not disclosed.
The €20 million ($22.6 million) facility has gradually been brought into operation over recent months to handle in-flows of raw materials and components for manufacturing operations at the plant.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.