I guess Briggs is going to stay in business

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  ‘New beginning’ for Briggs & Stratton

  By Thomas Allen29 October 2020

    Save article

					Steve Andrews, the new President and CEO 
of Briggs & Stratton, has described the bankruptcy and acquisition 
of the company by KPS Capital Partners as a ‘new beginning’.

Steve Andrews, President and CEO of Briggs & Stratton
Having been in his new role for a month, Andrews said, “Many of the 
external challenges that seemed to hit the company all at once are 
starting to stabilise.”
Andrews’ previous industry experience includes serving as CEO of 
International Equipment Solutions (IES) and President of Pettibone.
He added, “Weather is in our favour. The stay-at-home environment has
 positively impacted our business… and we’re now a well-capitalised 
company, unencumbered by past liabilities, so we can focus on growth.
“In the first three months of our fiscal year, nearly all parts of 
our business globally are performing stronger than last year. In fact, 
this is a better start than we’ve seen in a number of years.”
Commenting on the US-based engine and equipment manufacturer’s move 
into electrification technology, he said, “I’m really impressed with our
 Vanguard Lithium-Ion Commercial Battery System. It’s an example of 
using our power application expertise to quickly expand into new markets
 with an innovation that remains unmatched – and has exponential growth 
potential.”
He added that innovation and new products would be a key focus going forwards.

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JohnColo Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 03 Apr 2020 Location: Niwot, CO Points: 1258	Post Options Post Reply Quote JohnColo Report Post Thanks(0) Quote Reply Topic: I guess Briggs is going to stay in business Posted: 16 Nov 2020 at 12:31am
	‘New beginning’ for Briggs & Stratton By Thomas Allen29 October 2020 Save article Steve Andrews, the new President and CEO of Briggs & Stratton, has described the bankruptcy and acquisition of the company by KPS Capital Partners as a ‘new beginning’. Steve Andrews, President and CEO of Briggs & Stratton Having been in his new role for a month, Andrews said, “Many of the external challenges that seemed to hit the company all at once are starting to stabilise.” Andrews’ previous industry experience includes serving as CEO of International Equipment Solutions (IES) and President of Pettibone. He added, “Weather is in our favour. The stay-at-home environment has positively impacted our business… and we’re now a well-capitalised company, unencumbered by past liabilities, so we can focus on growth. “In the first three months of our fiscal year, nearly all parts of our business globally are performing stronger than last year. In fact, this is a better start than we’ve seen in a number of years.” Commenting on the US-based engine and equipment manufacturer’s move into electrification technology, he said, “I’m really impressed with our Vanguard Lithium-Ion Commercial Battery System. It’s an example of using our power application expertise to quickly expand into new markets with an innovation that remains unmatched – and has exponential growth potential.” He added that innovation and new products would be a key focus going forwards.

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DMiller Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Access Joined: 14 Sep 2009 Location: Hermann, Mo Points: 29653	Post Options Post Reply Quote DMiller Report Post Thanks(0) Quote Reply Posted: 16 Nov 2020 at 6:48am
	So old products will become discontinued and parts of Unobtanium so HAVE to buy New and Improved Innovative. Edited by DMiller - 16 Nov 2020 at 6:49am

Kansas99 Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Access Joined: 26 Feb 2015 Location: W Kansas Points: 4810	Post Options Post Reply Quote Kansas99 Report Post Thanks(0) Quote Reply Posted: 16 Nov 2020 at 7:40am
	So what's this vanguard battery, we all going to have to replace are briggs with rechargeable briggs.
	"LET"S GO BRANDON!!"

jaybmiller Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Access Joined: 12 Sep 2009 Location: Greensville,Ont Points: 21549	Post Options Post Reply Quote jaybmiller Report Post Thanks(0) Quote Reply Posted: 16 Nov 2020 at 7:44am
	re: So old products will become discontinued and parts of Unobtanium so HAVE to buy New and Improved Innovative. That's the way 'the World works'.... NO business can make just one run of one product, they'd go belly up after that......all about marketing to get SALES..... there's NO need for a PS56 or Ifone23 or a 100K$ 4 door,4wd, pickup....
	3 D-14s,A-C forklift, B-112 Kubota BX23S lil' TOOT( The Other Orange Tractor) Never burn your bridges, unless you can walk on water

Coke-in-MN Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Access Joined: 12 Sep 2009 Location: Afton MN Points: 41217	Post Options Post Reply Quote Coke-in-MN Report Post Thanks(0) Quote Reply Posted: 16 Nov 2020 at 2:06pm
	Briggs seems to have swallowed up much debt from the customers it supplied over the years as they were unable to meet their bills to the point Briggs ended up taking over their businesses . So this caught up with Briggs also in the downturn of world marker as Honda, Kawasaki and others entered the small engine market for consumer goods . Now small engines cost almost as much as what we use to pay for a fully rebuilt car engine or in some cases more , A 18HP Honda V-twin I replaced a 16HP single cylinder Kohler was cheaper than what i could find a Kohler for but still over $1200. Times have changed and a 3 HP push lawn mower has been replaced with a riding mower of 12 HP or more or a self propelled 8HP unit with special clutch brake so you can't stick your hand under deck to see if blade it turning .
	Faith isn't a jump in the dark. It is a walk in the light. Faith is not guessing; it is knowing something. "Challenges are what make life interesting; overcoming them is what makes life meaningful."