Briggs & Stratton to Acquire Generac Portable
Generac Portable Products, a designer, manufacturer and marketer of generators and pressure washers, had net sales of $90 million for the six months ended December 31, 2000 and anticipates net sales of approximately $250 million for the twelve months ending July 1, 2001.
Generac Portable Products is the first acquisition by Briggs & Stratton where the acquired company is the manufacturer of a consumer product.
Briggs & Stratton Corporation produces air-cooled gasoline engines for outdoor power equipment, included truck mounts. The company designs, manufactures, markets and services these products for original equipment manufacturers worldwide.