Topic: Briggs and Stratton, the next great company to fall.

This topic has 6 replies, 5 voices, and was last updated 3 years, 8 months ago by David Bartlett.

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August 12, 2020 at 7:11 pm #211468
billw
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US Member - 2 Years
I guess they have filed for chapter 11, with some reports of debt around a billion, with a “B.” Where do I sign up to learn Chinese? I guess gotta get ahead of this wave.

Long live American manufacturing!
August 12, 2020 at 7:19 pm #211470
bobw
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US Member
I read somewhere recently that some private equity firm was buying them out but no info yet on how they would move forward. B&S supposedly had a net loss of over $50 million in 2019 before Covid-19 even showed up. How does that happen?

Bob

1937 Champion D2C Deluxe Lite Twin
1954 Johnson CD-11
1957 Evinrude Fastwin 18
1958 Johnson QD-19
1958 Johnson FD-12
1959 Johnson QD-20

“Every 20 minute job is only a broken bolt away from a 3-day project.”
"Every time you remove a broken or seized bolt an angel gets his wings."
August 13, 2020 at 5:44 am #211493
billw
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US Member - 2 Years
I bet the CEO didn’t have a net loss…..

Long live American manufacturing!
August 13, 2020 at 8:26 am #211517
frankr
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US Member
Haven’t they been made in China for years? Maybe not. But I have a couple of them that I’ve had for 10 years or more, one on my zero-turn mower that gets used year-round. Excellent engine.
August 13, 2020 at 8:56 am #211520
bobw
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US Member
billw wrote:

I bet the CEO didn’t have a net loss…..

No he didn’t. Just before the Chapter 11 filing, he took home a $1.0M bonus.

Bob

1937 Champion D2C Deluxe Lite Twin
1954 Johnson CD-11
1957 Evinrude Fastwin 18
1958 Johnson QD-19
1958 Johnson FD-12
1959 Johnson QD-20

“Every 20 minute job is only a broken bolt away from a 3-day project.”
"Every time you remove a broken or seized bolt an angel gets his wings."
August 13, 2020 at 10:15 am #211537
fleetwin
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US Member - 2 Years
This is so sad….Briggs has always made great engines that were affordable….I’m sure there are some exceptions, but nothing horrible like the OMC Ficht/boat company disasters. Are they being undercut by the Chinese, or is it a quality issue when compared to Honda/Suzuki stuff…. Wish there is something that can be done to prevent this….Our country better get our act together, and soon…
August 13, 2020 at 12:25 pm #211552
David Bartlett
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US Member - 2 Years
billw wrote:

I guess they have filed for chapter 11, with some reports of debt around a billion, with a “B.” Where do I sign up to learn Chinese? I guess gotta get ahead of this wave.

Bill,

Maine Public Radio just had their fund-raising program and one of the gifts for a pledge was a years subscription to “Babbel”. You can learn as many languages as you want within the year!

David Bartlett
Pine Tree Boating Club Chapter

"I don't fully understand everything I know!"
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Briggs and Stratton, the next great company to fall.

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