Home / Keywords / Briggs & Stratton bankruptcy

Items Tagged with 'Briggs & Stratton bankruptcy'

ARTICLES

Former Briggs & Stratton CEO Seeks $11.7 Million in Bankruptcy Case

October 7, 2020 | Posted in Manufacturer News

Source: Milwaukee Business Journal

Todd Teske, the former chairman and CEO of Briggs & Stratton, has filed an $11.6 million claim in the bankruptcy case seeking his share of payments that are likely to be in the range of 7-8 cents on the dollar

Guest Blog

Briggs & Stratton Board of Directors Focused on Executives and Themselves Rather than Innovation

By Kathleen Gallagher posted on October 1, 2020 | Posted in Manufacturer News

Was the Briggs board a mutual protection society for its top executives and, frankly, its members? Or did the board, through no fault of its own, encounter impossible obstacles and have no choice but bankruptcy?

Generac Out as Potential Buyer of Briggs

September 10, 2020 | Posted in Manufacturer News

Source: The Milwaukee Business Journal

No other prospective buyers submitted qualified bids by the deadline, and it appears Briggs will likely be sold to baseline bidder KPS at $550 million for nearly all of Briggs & Stratton’s assets.

Briggs Plans to Sell Plant, Sets Severance Payments for Employees at Wauwatosa, Wis., Plant

August 24, 2020 | Posted in Manufacturer News

Source: Milwaukee Business Journal

The United Steelworkers union represents about 330 employees at Briggs and the terminations will total about 185 of them, the company said.

Briggs Wins Approval for Fast-Track Auction, Generac Still Potential Bidder

August 20, 2020 | Posted in Manufacturer News

Source: The Milwaukee Business Journal

A U.S. Bankruptcy Court judge approved Briggs & Stratton Corp.’s proposal for a fast-track sale of the company via auction despite creditors’ objections, while recent court filings show Generac Power Systems remains in the running as a potential bidder.

Briggs & Stratton Enters into Sale Agreement, Initiates Voluntary Reorganization Under Chapter 11

July 20, 2020 | Posted in Manufacturer News

Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction has agreed to acquire substantially all of the Company's assets and assume certain customer, employee and vendor liabilities, and it would act as the stalking-horse bidder through a court-supervised sale process.

Must Read Free Eguides

Download these helpful knowledge building tools

AEM Highlights Pro-Manufacturing Policy Initiatives

For its part, the editorial team at Lessiter Media, reporting on behalf of Farm Equipment, Rural Lifestyle Dealer, Ag Equipment Intelligence and Precision Lifestyle Dealer, joined the AEM Manufacturing Express at two of its stops, including Woods Equipment in Oregon, IL and Kuhn in Brodhead, Wisc.

Top Directory Listings

Yanmar

Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative solutions for Rural Lifestyle and Industrial Equipment customers.

Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and has continued to push the boundaries of innovation and technology ever since. As a manufacturer of diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial equipment, Yanmar's products are sold in over 130 countries.

At Yanmar America, we are committed to providing our customers with the highest quality products and services, backed by a strong team of professionals who share our dedication to excellence. We look forward to the opportunity to work with you in achieving your goals.

Stihl Inc

Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.