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Deere to sell Homelite

Discussion in 'Lawn Mowing' started by 65hoss, Aug 27, 2001.

  1. 65hoss

    65hoss LawnSite Fanatic
    Messages: 6,360

    4. Deere Plans to Sell Homelite Unit, Shed 2,000 Jobs
    Moline, Illinois: Deere & Co. plans to sell its money-losing
    Homelite lawn care-products business and reorganize its construction
    and forestry division to cut about 2,000 jobs, or about 4.6
    percent of its payroll.
    Homelite products include chainsaws, blowers and trimmers.
    Deere, the biggest farm-equipment maker, will try to sell the
    Homelite operation in Chihuahua, Mexico, which employs 1,200. In
    Charlotte and the South Carolina cities of Greer and Columbia,
    some or all of Homelite will be closed, and 475 jobs lost.
    Deere is scaling back a seven-year foray into retailing
    consumer-brand lawn-care products that was intended to reduce its
    reliance on sales of heavy farm equipment, analysts said. Deere
    already planned to trim production of tractors and combines by
    25 percent as sales slow, and said in June it would prune
    1,250 salaried positions in the U.S.
    ``It's becoming obvious the economy isn't going to bounce
    right back,'' said Susan Cross, an analyst with Wilmington Trust
    Co., which owns about 13,000 Deere shares. ``They're doing what
    they have to do given the environment.''
  2. geogunn

    geogunn LawnSite Gold Member
    from TN
    Messages: 3,010


  3. vipermanz

    vipermanz LawnSite Bronze Member
    Messages: 1,773

    does this mean there stuff will be like super-discounted?
  4. Albemarle Lawn

    Albemarle Lawn LawnSite Bronze Member
    Messages: 1,544

    When they lose their trusted supplier, Homelite.

    All we have to do now is get rid of Crapsman, Poulan, WeedEater, Yard Man, Murray, and a few dozen others and we will doom the scrubs into working fast food!!!
  5. 65hoss

    65hoss LawnSite Fanatic
    Messages: 6,360

    Home Depot loves homelite, maybe they will buy them. Just to keep the competition for us.
  6. Eng Mwr Guy

    Eng Mwr Guy Gravely Manufacturer
    Messages: 249

    Rumor I heard was Murry.
  7. fivestarlawnken

    fivestarlawnken LawnSite Senior Member
    Messages: 438

    So I'm a scrub because i have a "crapsman" weedeater and 21 push mower?? Gee I'm sorry.
  8. geogunn

    geogunn LawnSite Gold Member
    from TN
    Messages: 3,010

    albermarle--the trimmer I posted about is a good one. perhaps even great considering the price and value it represents.

    careful on the scrub name calling.

  9. lakegastonla

    lakegastonla LawnSite Senior Member
    Messages: 296

    Fivestar, to answer your question:

    Aaaahhhhhhh yep! Having homeowner equipment that you press into commercial service is a sure sign of scrub-ism. See them all the time around here. Wish I had a dollar for every old man who thinks he is a "landscaper" here. All it takes is an old pickup truck , some ramps and a trimmer and blower picked up from a yard sale. (usually craftsman or homelite)Ah, the joys of a free-enterprise system!:rolleyes:
  10. awm

    awm LawnSite Gold Member
    Messages: 3,354

    well ive used both,as i suspect most have. i have a good lazer now and hope every body keeps using lts. at least around here . dont bother me a bit.i doubled my work out put.doubled what i could get per hr. and he cant leave the cut that i can.that translates into more me and less for him.later nowTM

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