Briggs & Stratton Corp. BGG, +1.48% said Friday it plans to consolidate a number of smaller existing warehouses across the U.S. into two large warehouses in Germantown, Wis. and Auburn, Ala. Both facilities are expected to be operational in the spring of 2019. The Germantown warehouse will be 700,000 square feet and the Auburn facility will be 400,000 square feet, with both being distribution centers for engines and products. The producer of gasoline engines for outdoor power equipment said it doesn't expect significant staffing changes in Wisconsin, given the consolidation of smaller local facilities, while the Auburn facility is expected to create about 20 new jobs. The stock, which was inactive in premarket trade, has tumbled 22.6% year to date, while the S&P 500 SPX, -0.09% has gained 6.3%.
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