Briggs & Stratton Plans To Close Murray Facility - Quick Facts

(RTTNews) - To align production capacity with market needs, Briggs & Stratton Corp. (BGG) has decided to consolidate production of small vertical-shaft engines into Poplar Bluff, MO facility. This will result in the closure of the Murray, KY facility by the fall of 2020.

"Our residential engine business continues to be core to our company. This production consolidation is important for the long-term health of this operation and will allow for better utilization of our assets by freeing up resources that we can use on growth areas within our company," said Todd Teske, CEO of Briggs & Stratton.

The company expects annualized pre-tax savings of $12 million to $14 million. Total charges are estimated to total $30 million to $35 million over fiscal 2020 and 2021.