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In 1842 Deere entered a business partnership with Leonard Andrus and purchased land for the construction of a new two-story factory along the Rock River in Illinois. This factory named the "L. Andrus Plough Manufacturer" produced about 100 plows in 1842 and around 400 plows during the next year. Deeres partnership with Andrus ended in 1848 and Deere relocated to Moline Illinois to have access to the railroad and the Mississippi River. There Deere formed a partnership with Robert Tate and John Gould and built a 1440-square-foot (134 m2) factory the same year. Production rose quickly and by 1849 the Deere Tate & Gould Company was producing over 200 plows a month. A two-story addition to the plant was built allowing further production.
John Deere is the brand name of Deere & Company an American corporation that manufactures agricultural construction and forestry machinery diesel engines drivetrains (axles transmissions gearboxes) used in heavy equipment and lawn care equipment. In 2017 it was listed as 105th in the Fortune 500 Americas ranking and was ranked 407th in the global ranking.34 The company also provides financial services and other related activities.
Deere bought out Tate and Goulds interests in the company in 1853 and was joined in the business by his son Charles Deere. At that time the company was manufacturing a variety of farm equipment products in addition to plows including wagons corn planters and cultivators. In 1857 the companys production totals reached almost 1120 implements per month. In 1858 a nationwide financial recession took a toll on the company. To prevent bankruptcy the company was reorganized and Deere sold his interests in the business to his son-in-law Christopher Webber and his son Charles Deere who would take on most of his fathers managerial roles. John Deere served as president of the company until 1886. The company was reorganized again in 1868 when it was incorporated as Deere & Company. While the companys original stockholders were Charles Deere Stephen Velie George Vinton and John Deere Charles effectively ran the company. In 1869 Charles began to introduce marketing centers and independent retail dealers to advance the companys sales nationwide. This same year Deere & Company won "Best and Greatest Display of Plows in Variety" at the 17th Annual Illinois State Fair for which it won $10 and a Silver Medal.
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