Briggs to acquire Allmand Bros., Inc.

Special to The Freeman

August 14, 2014

MILWAUKEE Briggs & Stratton Corporation announced Thursday it has agreed to acquire U.S. based Allmand Bros., Inc.

Founded in 1938 and based in Holdrege, Nebraska, Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters, and solar LED arrow boards.

Allmand has sales of approximately $80 million annually. Briggs & Stratton will acquire all of the outstanding shares of Allmand for approximately $62 million in cash, subject to customary due diligence and working capital adjustments. The transaction is expected to close in the next 30 days.