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Briggs & Stratton





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Briggs & Stratton Corporation is an American manufacturer of small engines with headquarters in Wauwatosa, Wisconsin.

Briggs & Stratton Corporation
Company typePrivate

Traded as

  • NYSE: BGG
  • IndustryManufacturing
    Founded1908; 116 years ago (1908)
    FounderStephen Foster Briggs
    Harold M. Stratton
    HeadquartersWauwatosa, Wisconsin, U.S.

    Key people

    Joseph T. Liotine (CEO)
    ProductsGasoline engines
    RevenueDecrease US$1.786 billion (2017)[1]

    Operating income

    Increase US$86 million (2017)[1]

    Net income

    Increase US$57 million (2017)[1]
    Total assetsDecrease US$1.451 billion (2017)[1]
    Total equityIncrease US$559 million (2017)[1]
    OwnerKPS Capital Partners

    Number of employees

    5,200 (2019)
    Websitebriggsandstratton.com

    Engine production averages 10 million units per year as of April 2015.[2] The company reports that it has 13 large facilities in the U.S. and eight more in Australia, Brazil, Canada, China, Mexico, and the Netherlands. The company's products are sold in over 100 countries across the globe.[3]

    History

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    In 1908, inventor Stephen Foster Briggs and investor Harold M. Stratton started an informal partnership to capitalize on the growing automobile industry. Eventually Briggs and Stratton settled on manufacturing automotive components and small gasoline engines.

    In 1919 Briggs & Stratton purchased the manufacturing rights for a small, simple two-seat vehicle with a gasoline engine called the Smith Flyer from the A.O. Smith Company in Milwaukee. The Flyer had a small gasoline engine mounted on a fifth wheel, or motor wheel. Briggs & Stratton made engine improvements that raised the horsepower and renamed the vehicle the Briggs & Stratton Flyer. The Guinness Book of Records lists the Flyer as the most inexpensive car of all time, selling at US$125 to US$150 (equivalent to $2020 to $2430 in 2021). In 1925 they sold the rights to the Flyer to Automotive Electric Services Corporation. Briggs & Stratton kept the motor that had been the heart of the motor wheel and adapted it to power other applications such as reel lawn mowers and small equipment such as washing machines.

    The company went public on the New York Stock Exchange in 1928.

    During World War II, Briggs & Stratton produced generators for the war effort. Some pre-war engines were made with aluminum, which helped the company develop its expertise in using this material. This development, along with the post-war growth of 1950s suburbs (and lawns), helped secure Briggs & Stratton's successful growth throughout the 1950s and 1960s.

    Stephen Briggs went on to purchase Evinrude and Johnson Outboards and start the Outboard Marine Corporation. Frederick P. Stratton Sr. (the son of Harold Stratton) served as Chairman of Briggs & Stratton until his death in 1962 (Harold also died that year). Frederick P. Stratton Jr. served as Chairman until his retirement in 2001.

    In 1995, Briggs & Stratton sold the automotive component business. The resulting company is Strattec Security Corporation.

    In 2000,[4] the company acquired its consumer generator business from the Beacon Group and formed Briggs & Stratton Power Products. The Beacon Group had previously purchased the Consumer Products Division of Generac Corporation (now Generac Power Systems) in 1998. In 2005, the company added Simplicity Manufacturing Inc, and Snapper, Inc, to the Briggs & Stratton Power Products line. Murray, Inc, one of its largest customers, collapsed owing the company $40 million, and to minimize the loss Briggs & Stratton purchased the name, marketing rights and product designs of that company. In 2008, Briggs & Stratton announced it would be acquiring the Victa Lawn Care business from GUD Holdings Limited Australia for A$23 million.

    In 2019, Briggs & Stratton announced they would be closing their engine factory in Murray, Kentucky, with production being moved to their Poplar Bluff, Missouri facility.[5]

    On July 20, 2020, Briggs & Stratton filed for Chapter 11 bankruptcy.[6] KPS Capital Partners purchased a majority of the company stake for $550 million.[7]

    On September 22, 2020 KPS Capital Partners closed on the acquisition of Briggs & Stratton. This sale waives the $900 million that Briggs & Stratton owed going into bankruptcy.[8]

    Acquisitions, agreements and joint ventures

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    Innovations

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    Logo history

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    The Briggs & Stratton logo was always a masthead, but it has been changed several times over the course of the company's 80-plus years.

    Models

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    Cast-iron models

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    Letter series

    Cast iron block, flathead, with gravity-feed float carb unless otherwise noted

    Many variations and submodels were available on the basic series mentioned above. Some variations include:

    Aluminum models

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    Industrial and commercial models

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    Outboard motors

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    Briggs & Stratton/I/tC 130g32-0059-h1

    Karting engines

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    Two-cycle engines

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    See also

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    Headquarters, manufacturing plants, and testing facilities

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    Briggs & Stratton builds over 9,000,000 engines in the USA each year. The company employs over 3,000 employees in six states. Wauwatosa, WI, is home to the company's headquarters and R&D center. Manufacturing plants are located in Poplar Bluff, MO; Auburn, AL; Statesboro, GA; and Sherrill, NY. The company also has a proving grounds and testing facility located in Fort Pierce, FL.[29]

    References

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    1. ^ a b c d e "Financial Statements for BGG - Morningstar". Morningstar.com. 2017-07-03. Archived from the original on 2018-10-06. Retrieved 2018-06-11.
  • ^ "Briggs & Stratton Engines - Small Engine & Lawn Mower Parts". briggsandstratton.com. Retrieved 12 June 2015.
  • ^ "2016AnnualReport". 2016-07-03. Archived from the original on 2017-06-06. Retrieved 2016-10-30.
  • ^ "Our History". basco.com. Retrieved 12 June 2015.
  • ^ Adams, Jasmine (August 15, 2019). "Briggs and Stratton facility to close in Murray, Ky.; consolidate with Poplar Bluff plant". KFVS-TV. Retrieved July 20, 2020.
  • ^ "Briggs & Stratton Files for Chapter 11, in Pact with KPS (1)". Bloomberg Law. 20 July 2020. Retrieved 20 July 2020.
  • ^ Boulton, Guy. "Wisconsin small gas engine maker Briggs & Stratton files for bankruptcy protection". USA TODAY.
  • ^ Briggs & Stratton, LLC. "Briggs & Stratton Announces Completion of Sale to KPS Capital Partners". PRNewswire (Press release).
  • ^ Briggs & Stratton 1980 Update Seminar, form #MS-7865-10/79
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 12, pages 138-140
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, 1995, Chapter 12, page 149
  • ^ "Briggs & Stratton to Move Production from Japan to its Plants in Statesboro, Georgia and Auburn, Alabama". Briggs & Stratton News (Press release).
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, 1995, Chapter 12, pages 149-152
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, 1995, Chapter 12, pages 153-154
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 11, pages 120-121
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 11, page 121
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 11, pages 121-122
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 11, page 127
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 12, pages 140-141
  • ^ Carney, Dan (July 3, 2013). "Briggs and Stratton that was green, even off the grass". BBC. Archived from the original on 2013-12-03. Retrieved March 16, 2020.
  • ^ "1980 Briggs & Stratton Hybrid six-wheeler visits Jay Leno's Garage". Motor Authority. 19 March 2020. Retrieved 2020-03-24.
  • ^ The Legend of Briggs & Stratton by Jeffrey L. Rodengen, Chapter 12, pages 141-142
  • ^ "No coil, no points, no condenser: Spark Pump Fires Engine": Popular Science, July 1961
  • ^ "Briggs Model 6S Engine". Google Sites.
  • ^ "Briggs and Stratton Model A". Google Sites. Archived from the original on January 15, 2010.
  • ^ "Briggs and Stratton Model I". Google Sites. Archived from the original on June 28, 2014.
  • ^ "Briggs and Stratton Model WI". Google Sites. Archived from the original on January 24, 2013.
  • ^ "Racing Engines for Go Karts & Snocross - Briggs & Stratton". briggsandstratton.com. Retrieved 13 March 2018.
  • ^ "American Engine Company in USA - Briggs & Stratton Small Engines". briggsandstratton.com. Retrieved 12 June 2015.
  • Further reading

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     Briggs & Stratton
    

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    Last edited on 12 June 2024, at 00:09  





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    This page was last edited on 12 June 2024, at 00:09 (UTC).

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