Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction has agreed to acquire substantially all of the Company's assets and assume certain customer, employee and vendor liabilities, and it would act as the stalking-horse bidder through a court-supervised sale process.
The company plans to consolidate production of its small vertical-shaft engines into its Poplar Bluff, Mo., facility. This consolidation will result in the closure of the company's Murray, Ky., facility by the fall of 2020.
Todd Teske, Chairman, President & CEO of Briggs & Stratton, explains InfoHub, the
company's web-based fleet management software solution for commercial cutting
professionals, designed to drive efficiency, accountability and profitability.
Company reports 15% growth in sales on both storm-related benefit and continued strength in commercial engines and products. Briggs & Stratton will hold its first Investor Day on Nov. 1 in New York City.
Alyn Brown of Level Up Development, who is also a technology contributor to Rural Lifestyle Dealer, highlights products that stood out to him at the 2019 GIE+Expo, including equipment from Mean Green, Ariens, Bad Boy and Ferris.
Yanmar was founded in 1912 and developed the world's first commercially viable small diesel engine in 1933. The diesel engine has continued as our core business ever since, our key tool in the rationalization and modernization of agriculture, fishing and industry.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.