Briggs & Stratton On Pace To Achieve Savings In Support Of Commercial Growth
"Over the last five years, we've successfully grown commercial sales by more than 70 percent, requiring us to evaluate all facets of our business to best support this growth," says
Positioning Product to Serve Customers More Quickly and Effectively
Briggs & Strattonis moving production of its Vanguard® V-Twin Small and Big BlockTM engines from a joint venture partnership in Japanto its existing Statesboro, GAand Auburn, ALfacilities in the United States. With 85 percent of Briggs & Stratton® engines and products made in the U.S.A.of U.S. and global components, the Company is close to its customer base with faster production times and faster shipping.
- By consolidating a number of its smaller existing engine and product warehouses throughout the U.S. into two large warehouses in
Germantown, Wisconsinand Auburn, Alabama, Briggs & Strattonis increasing efficiencies to more effectively serve customers and provide a North American enterprise distribution footprint that supports its strategy and customers with optimal inventory and order delivery.
Investing in Facilities for Optimal Growth
- Given the significant commercial sales growth over the past five years, the Company is expanding its Ferris mower production capacity into a new, modern facility in
Sherrill, NY. This allows employees to more effectively produce commercial offerings.
Upgrading Systems for Streamlined Operations
- At the core of the business is the Company's ERP system. Recognizing the need to be easier to do business with and streamline processes to be more efficient and work more effectively, the Company invested in upgrading its global ERP system, which was recently integrated into the business.
For additional Business Optimization Program updates, follow the Company's quarterly earnings announcements, as outlined on investors.basco.com.
Safe Harbor Statement:
This release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. The words "anticipate", "believe", "estimate", "expect", "forecast", "intend", "plan", "project", and similar expressions are intended to identify forward-looking statements. The forward-looking statements are based on the company's current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully forecast demand for its products; changes in interest rates and foreign exchange rates; the effects of weather on the purchasing patterns of consumers and original equipment manufacturers (OEMs); actions of engine manufacturers and OEMs with whom the company competes; changes in laws and regulations, including U.S. tax reform, changes in tax rates, laws and regulations as well as related guidance; imposition of new, or change in existing, duties, tariffs and trade agreements; changes in customer and OEM demand; changes in prices of raw materials and parts that the company purchases; changes in domestic and foreign economic conditions (including effects from the
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Rick Carpenter, Briggs & Stratton Corporation, 414.259.5916, email@example.com