Briggs & Stratton acquires assets of Ground Logic

Briggs & StrattonBriggs & Stratton Corporation acquired the assets of Ground Logic in Lincoln, Neb., a designer and manufacturer of stand-on commercial spreaders and spreaders/sprayers for fertilizer and pesticide-herbicide lawn applications.

“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,” said Harold L. Redman, senior vice president and group president of 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 the acquisition won’t have a material effect on fiscal 2018 earnings or cash flows, according to the company.

Source: http://landscapemanagement.net/briggs-stratton-acquires-assets-of-ground-logic/

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