Textron is an industrial conglomerate with a range of businesses including defense, aerospace, and turf care machinery. Textron was founded as a textile company in 1923 and steadily expanded operations in the following decades. In 1953, Textron began diversifying by purchasing corporations unrelated to textiles. Textron purchased Homelite in 1955, putting it in the lawn and garden business. Jacobsen was purchased in 1978 and merged with Homelite. In 1994, Textron sold Homelite to John Deere while Jacobsen remains part of Textron as a commercial turf product manufacturer.
Textron - official site