Briggs Stratton Dc (NYSE:BGG)
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6 Months : From Jul 2018 to Jan 2019
MILWAUKEE, Aug. 1, 2018 /PRNewswire/ -- Briggs & Stratton Corporation today announced that it has acquired certain assets of Hurricane, Inc. of Muskegon Heights, MI, a designer and manufacturer of high-quality, rugged stand-on leaf and debris blowers. Terms of the transaction, which accelerates the Company's diversification into commercial products, were not disclosed.
"Hurricane brings high-quality products with differentiated capabilities around air flow and handling which make the lawn and turf care professional more productive and able to tackle even the largest jobs more efficiently and easily," says Harold L. Redman, Briggs & Stratton's senior vice president and group president - Turf & Consumer Products. "The acquisition brings Briggs & Stratton and its family of brands one step closer to its goal of filling a landscaper's trailer with everything needed to start and finish a job in as little time and with as little effort as possible to maximize their profitability."
"Briggs & Stratton continues to generate strong growth serving commercial customers in lawn and turf care, job site, and on an OEM basis with an expanding line of innovative commercial engines," states Todd J. Teske, Briggs & Stratton's chairman, president and chief executive officer. "This investment follows our recent acquisition of the assets of Ground Logic, Inc. which produces stand-on commercial spreaders and spreader/sprayers for fertilizer and pesticide-herbicide lawn applications. Both have expanded our product line and will enable us to take advantage of synergies in manufacturing and supply chain. We will be able to leverage our broad base of dealers and distributors to accelerate growth of these products."
About Briggs & Stratton Corporation:
Briggs & Stratton Corporation (NYSE: BGG), headquartered in Milwaukee, Wisconsin, is focused on providing power to get work done and make people's lives better. Briggs & Stratton is the world's largest producer of gasoline engines for outdoor power equipment, and is a leading designer, manufacturer and marketer of power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton®, Simplicity®, Snapper®, Ferris®, Vanguard®, Allmand®, Billy Goat®, Murray®, Branco® and Victa® brands. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents. For additional information, please visit www.basco.com and www.briggsandstratton.com.
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SOURCE Briggs & Stratton Corporation