Wisconsin lawnmower manufacturer wants to sell $1 billion worth of lawn mowing equipment
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Posted July 02, 2018 12:21:56 Milwaukee-based lawn mow company Liquid Lawn Fertilizer wants to raise $1.8 billion to buy up to 30 million lawn mowed acres across the United States.
Liquid Lawn Farthement said Wednesday it is raising an initial $1,000 million and is planning to raise another $1 million over the next three years.
Liquid lawn fertilizer is also planning to buy more than 5.8 million acres in the United Sates to expand its business, the company said.
The company is hoping to add to its inventory of lawn and garden equipment, and also expand into other areas.
Liquid is looking to build a new headquarters in Atlanta, Georgia, which could be in the same neighborhood as the company’s current headquarters in Chicago, which is expected to open in late 2019.
Liquid said its plan to grow and diversify is driven by an industry that is still struggling with the impact of the Great Recession, and it said it would use the new funds to build its workforce.
“We are focused on being a premier lawn and farm equipment manufacturer and have been for a number of years,” Liquid said in a statement.
“We are excited about the opportunity to expand our capabilities to meet growing demand.”
The company’s announcement comes as a wave of new lawn and other products has taken off in the U.S. and Canada.
Companies including the New York Times, the Huffington Post and Business Insider all feature lawn and yard products in their home or office.
The lawn and weed control products have been used by millions of people, including celebrities, athletes and celebrities of the world.
Posted July 02, 2018 12:21:56 Milwaukee-based lawn mow company Liquid Lawn Fertilizer wants to raise $1.8 billion to buy up…