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KPS Capital Partners agreed to acquire substantially all assets of Briggs & Stratton, including foreign subsidiary equity, for about $550 million as Briggs & Stratton filed for Chapter 11, with KPS also providing $265 million in DIP financing.
Allmand Bros., a Briggs & Stratton subsidiary, plans to expand its Holdrege, Nebraska facility with five new assembly lines, a prototyping lab, a new paint system and robotic weld cells. The expansion is expected to be complete at the end of 2019 and add 20 jobs.
