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Briggs & Stratton files for bankruptcy amid restructuring effort

from Real Agriculture

Briggs & Stratton files for bankruptcy amid restructuring effort Real Agriculture Briggs & Stratton Corporation, the company behind the well-known small engine brand, has filed for Chapter 11 bankruptcy in the U.S., but it appears the brand will survive. The Wisconsin-based engine manufacturer recently reported debt exceeding $1 billion in a St. Louis bankruptcy court. Coinciding with the filing, Briggs & Stratton announced a stock and asset purchase agreement worth $550 million with KPS Capital Partners, a New York private equity firm that also owns the TaylorMade golf brand and Life Fitness gym equipment. READ MORE

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