Engine maker Briggs & Stratton files for Ch. 11 bankruptcy

WAUWATOSA, Wis. (AP) — Briggs & Stratton Corp., billed as the world’s largest manufacturer of small gas engines, has filed for bankruptcy protection citing challenges due to the coronavirus pandemic. The Milwaukee-area company says Monday that as part of the Chapter 11 filing it has secured secured debtor-in-possession financing of $677.5 million from KPS Capital Partners LP, the private equity firm purchasing its assets, and its existing lenders. It says that will allow it to co