I would bet that they actually completely make the hoe in iowa since that is where the ones off the 110 tlb come from and the loader for the 110 comes from ontario canada.
The 48 Hoe and the 110 hoe are two comletley different units. When I was at the Augusta plant for training they told us the 47 & 48 hoes were made by Ameriquip for them, and that was why they were having so many problems with bad hoses and bent cylinders. Deere makes the 110 hoe.