Jacobsen to focus on golf, turf and grounds equipment segments

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2006-08-22 News Headlines

Jacobsen to focus on golf, turf and grounds equipment segments

Sale of the commercial grounds care line confirms Jacobsen's focus on its professional turf business, including golf course, sports turf and municipal grounds equipment.

Jacobsen. a business unit of Textron, Inc. (NYSE: TXT), announces the sale of its commercial grounds care product lines to Commercial Grounds Care, Inc.

The sale includes the Jacobsen Johnson Creek, Wisconsin manufacturing facility, a leased service parts facility in Dalton, Ohio and products branded BOB-CAT*, Bunton*, Ryan*, Steiner* and Brouwer*. The transaction closed on Friday, August 18 and terms were not disclosed.

Find Information and Suppliers of golf course vehicles.

Commercial Grounds Care, Inc. is an affiliate of Schiller-Pfeiffer, Inc., located in Southampton, Pennsylvania. Schiller-Pfeiffer, Inc. is the manufacturer of the Little Wonder®, Mantis® and Classen® brands of landscaping and gardening products. Find Information about Commercial Grounds Care, Inc.

Jacobsen turf equipment. Click Go for larger image. photo: Textron

Jacobsen headquartered in Charlotte, NC is a Textron Company and manufactures a full range of turf maintenance equipment and vehicles for golf courses, sports fields, and municipal grounds applications. The company markets Jacobsen brand products internationally through an extensive independent distribution network, and Ransomes brand products through independent distribution in Europe, the Middle East and Africa.

The Jacobsen business unit consists of various legal entities, including the Jacobsen Division
of Textron Inc., Ransomes Inc., and Cushman Inc.

Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others.

The sale of the commercial grounds care product lines allows Jacobsen Golf & Turf to heighten the focus on its golf and professional turf-related markets with equipment manufactured in Charlotte, North Carolina and Ipswich, England. It also advances Textron's portfolio strategy, which has included significant divestitures of non-core manufacturing businesses representing more than $4.4 billion in annual revenues and the elimination of $1.4 billion in non-core finance receivables from its Textron Financial unit over the past five years.

"Jacobsen has made a strategic decision to focus on its professional turf business which includes golf course, sports turf and municipal grounds equipment," says Dan Wilkinson, president, Jacobsen, a Textron Company. "Although the commercial grounds care division offers strong brand names and an excellent facility in Johnson Creek, it is not consistent with Jacobsen's long-term growth strategy."

Jacobsen's Commercial Grounds Care product lines are developed and manufactured by 160 employees and are sold through an independent distribution network of outdoor power equipment distributors and dealers.

Find Information about Textron.

* BOB-CAT, Bunton, Ryan, Steiner and Brouwer are registered trademarks of Jacobsen / Textron, Inc.

Read a recent press release from Textron about - 'Textron announces that it has completed the sale of its Fastening Systems unit to a private equity firm located in California.'

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