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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Briggs and Stratton Corp | NYSE:BGG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.7768 | 0 | 01:00:00 |
From May 2019 to May 2024
MILWAUKEE, Dec. 11, 2017 /PRNewswire/ -- Briggs & Stratton Corporation today announced that it has acquired the assets of Ground Logic, Inc. of Lincoln, NE, 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.
"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."
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.
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.
View original content with multimedia:http://www.prnewswire.com/news-releases/briggs--stratton-acquires-commercial-spreader-and-sprayer-product-line-300569667.html
SOURCE Briggs & Stratton Corporation
Copyright 2017 PR Newswire
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