Other Lawn and Garden Equipment

  • Briggs & Stratton Files Chapter 11, Sets Sale Agreement

    Briggs & Stratton (B&S) one of the  largest producers of gasoline engines for outdoor power equipment, and a manufacturer of power generation, pressure washer, lawn and garden, turf care and job site products, has filed Chapter 11 Bankruptcy.

    Michael Aistrup
    Michael Aistrup

    The company has obtained $677.5 million in financing, with $265 million committed by KPS and the remaining $412.5 from the company’s existing group of lenders.

    B&S also announced it has entered into a definitive stock and asset purchase agreement with KPS Capital Partners. Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction has agreed to acquire substantially all the company’s assets and assume certain customer, employee and vendor liabilities.

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  • We Expect 2020 NA Overall OEM Production To Be Flat

    This article initially appeared in the February 2020 issue of PowerTALK News.

    SUMMARY.  The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.

    Yosyf Sheremeta
    Yosyf Sheremeta

    Consumer confidence declined slightly in December, following a moderate increase in November.  The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019. 

    Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”

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  • 2019 GIE+Expo Posts Strong Growth. Battery Technology Continues Hot

    GIE+EXPO: The Green Industry & Equipment Expo

    GIE+EXPO is the annual gathering for all segments of the outdoor power equipment and lawn and landscape industry. The event is sponsored by the Outdoor Power Equipment Institute, the Professional Grounds Management Society and the National Association of Landscape Professionals.

    This year, the show drew more than 26,500 people from around the world. The indoor exhibit floor and the Outdoor Demonstration Area covered 24,000 net sq. ft. more than last year.

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