Wisconsin small gas engine maker Briggs & Stratton files for bankruptcy protection

Robert59

Robert59

Well-known Member
Location
Now I live in Tennesee. Did live in Michigan.
Small engine manufacturer Briggs & Stratton Corp., founded in Milwaukee in 1908 by an inventor and an investor, on Monday filed for bankruptcy protection.

Briggs filed for Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Missouri. Under Chapter 11, a company and its creditors work out a reorganization plan that enables the business to continue to operate.

https://www.yahoo.com/news/wisconsin-small-gas-engine-maker-180155110.html
 

Holy Moly! I wouldn't have expected that. B/S has been around for many years. I can remember building a soap box car and using a B/S engine off of my dad's old lawn mower.

Hopefully, they can recover and make a comeback. They are a true Americana company.
 
Same here 911. When I was a kid about the only small engines I remember were B & S and Wisconsin. I don't know if Wisconsin's still around. I recall them as small water pump engines for agricultural use.
 

B&S is just one of a long list of good companies who have seen their sales plummet in recent months, due to this virus. Hopefully, whoever buys them out will continue to produce quality small engines. I have, and have had, B&S engines on my mowers, etc., for years, and outside of normal maintenance, I've never had any issues.
 
The article does not say what problems they ran in to necessitating Chapter 11. I wonder if it is not Japanese motors and how many different motors does B & S make?
 
According to an article that I read, B/S sold their assets to KPS Capital Partners LP, which is a holding company. They buy up companies doing poorly, but have future financial potential. Once things get back to what we like to think of as being normal, they (KPS) will probably sell it for a much higher amount and make a nice profit.
 
fmdog44 said:
The article does not say what problems they ran in to necessitating Chapter 11. I wonder if it is not Japanese motors and how many different motors does B & S make?
Click to expand...
It was stated that due to declining sales because of the virus, they couldn't keep the company afloat.
 
You must log in or register to reply here.

Back
Top