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“We aspire to an enhanced leadership position in the remanufacturing business,” says Barry Schaffter, senior vice president of manufacturing in Deere’s Construction & Forestry division. “ReGen has delivered impressive business results through a dedication to quality and ingenuity.”

ReGen was founded in 1998 to remanufacture engines for John Deere products in the United States and Canada and has broadened its product line since then to include other engine components, fuel injection systems, starters, alternators, air conditioning components and other key parts for John Deere customers of agricultural, construction and forestry equipment around the world.

Schaffter said the remanufacturing business is important to Deere because of the environmental benefit that comes from recycling components of heavy equipment. Financial details of the transaction were not released.

ARTBA elects chairman
Charles F. Potts to “reform, restructure, refocus and refinance”

Charles F. Potts, a 40-year transportation industry executive and one of the nation’s foremost experts on hot mix asphalt pavement and materials, has been elected 2008-09 chairman of the Washington, D.C.-based American Road & Transportation Builders Association (ARTBA).

Potts, a registered professional engineer in three states, is currently chief executive officer of Heritage Construction and Materials, a privately held company headquartered in Indianapolis, IN, with operations in multiple states and China.