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Article: Briggs & Stratton Corporation News Release

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PR Newswire
Article date:
September 10, 1998
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MILWAUKEE, Sept. 10 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) announced today that it executed a Letter of Intent with JTC, L.L.C. to sell Briggs & Stratton's foundry business. JTC, L.L.C. purchased Briggs & Stratton's Grey Iron Foundry in June of 1997. Upon completion of the sale, JTC, L.L.C. will continue to supply Briggs & Stratton with crankshafts, camshafts and other products, similar to our relationship with them after the sale of the Grey Iron Foundry.

Rick L. James, President - CEO of JTC, L.L.C. said that the acquisition of the ductile iron foundries will enable the company to expand its capability to meet the expectations of the ... 







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