googletag.cmd.push(function() { googletag.display('div-gpt-ad-1599240294477-0'); });
Briggs-and-Stratton

Share On Social

Briggs To Divest Turf Products

As a result of analysis of market dynamics, Briggs & Stratton will reposition to focus its businesses with expected annual sales of approximately $1.0 billion in the design, production and sale of:

  • Briggs residential engines
  • Vanguard commercial engines
  • Briggs standby power generation
  • Vanguard commercial battery systems

Priority is placed on divesting the turf products business headquartered in the U.S. the pressure washer and portable generator product lines. This includes equipment sold under the Ferris, Billy Goat, Simplicity, Snapper and Snapper Pro brands.

“We are pursuing a repositioning of the company to simplify our portfolio around our foundational expertise in power application,” says Todd Teske, chairman, president and CEO. “This action gives us an opportunity to streamline and optimize our corporate infrastructure to support higher profitability, as well as to strengthen our balance sheet with proceeds from the divestiture of strong, yet non-core, assets.”

Management also updated its long-term financial targets to include 2-4% organic sales growth with focused growth areas exceeding 10% organic sales growth.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1599239852235-0'); });

Related Articles

Latest News

Charter Adds To Aspen Software

Charter Software Inc., provider of the Aspen business management system software for agricultural and outdoor power equipment dealers, has added integration to the company’s software to further assist Kubota dealers in managing their inventory. In…

Project EverGreen Thanks Volunteers

As Project EverGreen’s SnowCare for Troops (SCFT) program enters its third season, the non-profit organization is recognizing the more than 600 volunteers who support the campaign’s military families year-round by also offering landscaping services through…

Stihl Celebrates Milestone With Sweepstakes

The award-winning Stihl iCademy Web-based learning program, which provides customized training for all registered Stihl dealer owners and their employees, is closing in on its one millionth test recorded. To celebrate this milestone, the company…

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1508263076017-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1508263123532-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1508263182735-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1508263219563-0'); });