Group had previously purchased the Consumer Products Division of Generac Corporation (now Generac Power Systems) in 1998. In 2005, the company added Simplicity Manufacturing Inc, and Snapper, Inc, to the Briggs & Stratton Power Products line. Murray, Inc, one of its largest customers, collapsed owing the company $40 million, and to minimize the loss Briggs & Stratton purchased the name, marketing rights and product designs of that company. In 2008, Briggs & Stratton announced it would be acquiring the Victa Lawn Care business from GUD Holdings Limited Australia for A$23 million. In 2019, Briggs & Stratton announced they would be closing their engine factory in Murray, Kentucky, with production being moved to their Poplar Bluff, Missouri facility. On July 20, 2020, Briggs & Stratton filed for Chapter 11 bankruptcy. KPS Capital Partners purchased a majority of the company stake for $550 million. On September 22, 2020 KPS Capital Partners closed on the acquisition of Briggs and Stratton. This sale waives the $900 million that Briggs owed going into bankruptcy. Acquisitions, agreements and joint ventures Farymann Diesel GmbH (1979–1984) – Based in Lampertheim (near Mannheim) in Germany, this was the first foreign acquisition Briggs & Stratton had ever made and was a poor fit with the company's acknowledged expertise in high volume, low cost production. They officially completed the acquisition on May 29, 1979. Despite investing in new production methods, Briggs & Stratton never understood the very low volume, highly customized nature of the air-cooled diesel engine market. After considering adding Italy's Lombardini to increase its presence in the diesel market, as well as a failed attempt to develop its own designs, Briggs & Stratton accepted defeat and sold the company to a private investor for a minimal amount to avoid further liabilities. Since the energy crisis had not affected the US market's preference for gasoline engines, enthusiasm waned rapidly at management level for diesel engines. Daihatsu Briggs & Stratton (DBS) – In an effort to stave off Japanese competition during the 1980s, Briggs & Stratton entered a 50/50 joint venture with the Toyota subsidiary Daihatsu Motor Company in Japan. Located in Shiga Prefecture ( from Osaka, Japan), construction on the then- plant began in December 1986 and was completed in April 1987. This joint venture was notable for the manufacture of vertical and horizontal crankshaft engines from 12.5 to under the Vanguard brand. Today the plant employs roughly 100 people