Founded in Milwaukee in 1908, Briggs & Stratton filed for protection from creditors in U.S. Bankruptcy Court on July 20. Consent is not a condition of any purchase. Psaros also thanked the United Steelworkers for “its very public support of our acquisition.”. Under Chapter 11, a company and its creditors work out a reorganization plan that enables the business to continue operating. Known as a stalking horse bid, the agreement set a minimum price for the sale. C $35.68. “Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS’ financial resources and expertise.” 130G52-0182-F1. The firm says companies in its portfolio operate 150 manufacturing plants in 26 countries, with about 23,000 employees. the company awarded its executives and other key employees more than $5 million in cash retention awards. Steve Andrews has been named Briggs & Stratton’s president and CEO. The order was signed by U.S. Bankruptcy Judge Barry S. Schermer. Great Savings & Free Delivery / Collection on many items. KPS and Andrews previously partnered in 2011 to form International Equipment Solutions, which manufacturers attachment tools, operator cabs and other fabrications for off-highway applications. Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS' financial resources and expertise. Briggs & Stratton 130G32-0022-F1 950 Series 205CC Engine with 3/4-Inch Diameter by 2-27/64-Inch Length and Keyway Tapped 5/16-24-Inch, Black 4.4 out of 5 stars 79 CDN$ 423.00 CDN$ 423 . Bij ons vindt U alle beschikbare onderdelen voor briggs and stratton. ... 190 product ratings - Carburetor For Briggs&Stratton 20HP-25HP Intek V-Twin Engine Carb 791230 796258. Briggs & Stratton brands include Allmand light towers and generators, Ferris mowers and Vanguard engines. A bankruptcy court judge has approved the sale of Briggs & Stratton Corp. to KPS Capital Partners, a New York private equity firm. Add to Cart. Model: 60301 Type No: 943056 Serial: 391946. Add to Cart. Shop by category. This video is unavailable. The offer was subject to court approval and also depended on whether any higher bids were received for the company. Wauwatosa-based Briggs & Stratton Corp. will simplify its portfolio with a central focus on its power application business, according to its new strategic repositioning plan released Friday. Sold Out. Briggs & Stratton. Briggs & Stratton. Your email address will not be published. Required fields are marked *, Briggs & Stratton sold to KPS, names new CEO in wake of bankruptcy filing. ... 489 sold. You may opt out at any time. The company’s products are sold in more than 100 countries. Briggs & Stratton believes this process will benefit its employees, customers, ... distributed, sold and fully backed by our dedicated team." We are the world's largest small engine producer, the number one marketer for pressure washers, and a leading manufacturer of power generation, lawn and garden turf care and job site products. Great Savings & Free Delivery / Collection on many items. As a condition of the sale, Briggs & Stratton's pension plan will be taken over by the Pension Benefit Guaranty Corp., a federal government agency. Contact Joe Taschler at (414) 224-2554 or jtaschler@gannett.com. Briggs & Stratton is een begrip als je het hebt over benzinemotors. Briggs & Stratton launches with a portfolio of industry-leading products sold under iconic brand names, a rock solid capital structure and access to KPS’ financial resources and expertise. 31R907-0006-G1. “This is the beginning of a new era for Briggs & Stratton, a legendary brand in American manufacturing and the leading company in its industry,” says Michael Psaros, co-founder and co-managing partner of KPS. * Briggs & Stratton 500 series - the 500 Series engine provides the best-in-class performance in this category of engines.
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