Allmand acquisition

摘要

Engine manufacturer Briggs & Stratton has acquired producer of towable lighting towers, industrial heaters and solar LED arrow boards Allmand Bros in a US$ 62 million cash deal. Founded in 1938 and based in Nebraska, US, Allmand Bros generates annual revenues of around US$ 80 million. Briggs & Stratton said the deal allowed it to diversify into higher margin, higher growth industries, and gave it access to new distribution channels, including the rental sector. "This acquisition helps us to further our strategic initiative of focusing on attractive higher margin, commercial end use products," said Todd Teske, chairman, president and CEO of US-based Briggs & Stratton.