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

Rotary Sales Exec Wayne Rogers Dies

Wayne Rogers, vice president of international sales for Rotary Corp., died Saturday, February 13, 2010 at age 64. Rogers was an active member of the board of directors of the Outdoor Power Equipment Aftermarket Association…

Kubota Corp. Contributes to Relief

Kubota Corp. affiliated companies in the U.S. and Canada, including Kubota Tractor Corporation (KTC), Kubota Credit Corporation (KCC), Kubota Manufacturing of America (KMA), Kubota Industrial Equipment (KIE), Kubota Engine America Corporation (KEA) and Kubota Canada,…

Ariens Co. Acquired Kee Mower Brand

Ariens Co. has acquired the intellectual assets of the Kee Mower brand of products. The high-wheel walk-behind mowers are used by rural property owners, landscape contractors and municipalities to cut underbrush, remove heavy overgrowth of…

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'); });