No other prospective buyers submitted qualified bids by the deadline, and it appears Briggs will likely be sold to baseline bidder KPS at $550 million for nearly all of Briggs & Stratton’s assets.

Net sales in the third quarter were $841 million, up 0.3% from $838.7 million in the third quarter of fiscal 2019; year-to-date fiscal 2020 net sales were $2.54 billion, up 5.6% from $2.40 billion in the same prior-year period.

DR Power Equipment, a division of Generac Holdings Inc., today announced the closing of a purchase agreement to acquire the assets of Mean Green Products, LLC, the leading battery powered, commercial grade turf care manufacturer, headquartered in Ross, Ohio.

The new agreement will enable Momentum, the largest privately-owned residential solar installer in the United States, to provide Generac technology solutions to homeowners for solar plus whole home clean back-up power.

The United Steelworkers union represents about 330 employees at Briggs and the terminations will total about 185 of them, the company said.

Deere & Co. reported consolidated net sales and revenues of $8.9 billion during its third quarter ended Aug. 2, 2020 vs. $10 billion in the same period a year earlier, a decline of 11%. Equipment operations came in at $7.9 billion during the period compared to nearly $9 billion last year, also a drop off of 12%.

Total revenue for Mahindra's fiscal year 2020 was reported at $6.8 billion, down 15.2% from $8.1 billion in fiscal year 2019.

A U.S. Bankruptcy Court judge approved Briggs & Stratton Corp.’s proposal for a fast-track sale of the company via auction despite creditors’ objections, while recent court filings show Generac Power Systems remains in the running as a potential bidder.