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.