Deere closes on Lesco acquisition

Moline, Ill.-Deere & Co. closed its acquisition of Lesco Inc. on May 7 after Lesco shareholders approved the deal May 3 (GM May 7, p. 10). A definitive merger agreement had been announced in February. Deere said the deal roughly doubles the number of store locations for John Deere Landscapes with the addition of Lesco’s 345 stores and 114 Stores-on-Wheels, strengthening its presence across the U.S., especially in the eastern seaboard states.