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New Briggs President Speaks On Company’s Future
After emerging from Chapter 11 restructuring as a new company with a new owner and a new CEO in Steve Andrews, Briggs & Stratton, LLC, a company with a 113-year legacy, also has a new beginning.
It’s no secret that Briggs & Stratton has had significant hurdles to overcome as of late—but that’s changing. “Many of the external challenges that seemed to hit the Company all at once are starting to stabilize: weather is in our favor; the stay-at-home environment has positively impacted our business … and, we’re now a well-capitalized company, unencumbered by past liabilities, so we can focus on growth,” says Andrews. “In the first three months of our fiscal year, nearly all parts of our business globally are performing stronger than last year. In fact, this is a better start than we’ve seen in a number of years.”
Briggs & Stratton remains the world’s largest producer of gasoline engines for power equipment, but its portfolio of brands and products showcases so much more. Andrews states, “While residential engines and products remain a core part of what we do, we will continue to strategically focus our offerings to include commercial engines and products, lithium-ion batteries and other systems and products that will help make our commercial customers more productive and profitable.” The growth opportunity is significant.
Briggs & Stratton has deep roots in the Milwaukee community and that will not change. “The Milwaukee community—and all of the communities within which we currently operate—has been good to us and we will remain a strong community partner that stands behind its products and supports its customers, for many years to come,” Andrews confirms.
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