MOLINE, Ill. — Deere & Co. is acquiring King Agro, a privately held manufacturer of carbon fiber technology products with headquarters in Valencia, Spain, and a production facility in Campana, Argentina.

“This transaction provides John Deere customers the chance to benefit further from King Agro’s unique knowledge, designs and expertise in carbon fiber technology,” said John May, president of agricultural solutions & chief information officer, at John Deere.

In 2015, John Deere and King Agro agreed to develop and distribute carbon fiber booms for John Deere application equipment in agriculture, offering growers the significant advantages of carbon fiber’s versatility, strength and durability in self-propelled spraying equipment.

King Agro has been a family-owned business with approximately 180 employees and a 30-year history of developing various carbon fiber products.