Briggs & Stratton Corporation is expanding current manufacturing capacity in a bid to match the growing demand and sales for commercial products. The company announced that it is moving production of its commercial turf operations from current facility in Munnsville, to neighboring Sherrill, both located in New York.
The Munnsville facility manufactures zero turn radius and commercial mowers under the Ferris and Snapper Pro brands, while homeowner zero turn radius mowers are produced under its Simplicity and Snapper brands. The company has witnessed more than 70% sales growth of commercial products in the last five years. The increase in manufacturing will result in approximately 50 additional production employees and will position the company well for continued future growth.
The company also leases warehouse space at another facility in Sherrill which will be combined in to the newly leased facility in Sherrill. Production is likely to begin in Spring 2018 while the facility is anticipated to be fully operational in the spring of 2019.
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Briggs & Stratton Corporation is expanding current manufacturing capacity in a bid to match the growing demand and sales for commercial products. The company announced that it is moving production of its commercial turf operations from current facility in Munnsville, to neighboring Sherrill, both located in New York.
The Munnsville facility manufactures zero turn radius and commercial mowers under the Ferris and Snapper Pro brands, while homeowner zero turn radius mowers are produced under its Simplicity and Snapper brands. The company has witnessed more than 70% sales growth of commercial products in the last five years. The increase in manufacturing will result in approximately 50 additional production employees and will position the company well for continued future growth.
The company also leases warehouse space at another facility in Sherrill which will be combined in to the newly leased facility in Sherrill. Production is likely to begin in Spring 2018 while the facility is anticipated to be fully operational in the spring of 2019.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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