MILWAUKEE — Briggs & Stratton Corp. announces it has acquired the assets of Ground Logic Inc. of Lincoln, Neb., a designer and manufacturer of premium stand-on commercial spreaders and spreader/sprayers for fertilizer and pesticide-herbicide lawn applications on mid- to large-sized residential and commercial properties.
Briggs & Stratton financed the transaction from cash on hand. It expects that the acquisition will not have a material effect on fiscal 2018 earnings or cash flows.
"This acquisition supports Briggs & Stratton's strategy to 'fill out the trailer' of the commercial lawn and turf professional, with highly-regarded products that are built to stand up to the toughest working demands," says Harold L. Redman, senior vice president and group president - Turf & Consumer Products, Briggs & Stratton. "We will be able to use our industry-leading global distribution network to accelerate growth and are eager to add these products to our portfolio of outdoor power equipment to help commercial business owners get the job done."