Briggs & Stratton acquires assets of Ground Logic
By Briggs & StrattonProducts Mergers, acquisitions, entries and exits
Jan. 8, 2017 - Briggs & Stratton Corporation has 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.
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