• Vermont Castings Group being sold to investor
    April 24,2013
     

    Staff Report

    Vermont Castings Group is being sold to a financial investor, the company announced Wednesday.

    “We are pleased to be moving forward with the sale of Vermont Castings Group to a high-quality financial buyer,” said Dan Clifford, president and CEO of Vermont Castings Group.

    “The combination of our strong brands and products, a solid team and an aggressive growth strategy with this additional investment will ensure continued success in both the short and long term.”

    Based in Paris, Ky., Vermont Castings Group was formerly known as Monessen Hearth Systems Company. The company adopted the Vermont Castings name to reflect its well known premium brand of wood stoves.

    The Vermont Castings brand maintains manufacturing and offices in Bethel and Randolph.

    The Riverside Company, announced in February that it had elected to exit its investment in Vermont Castings Group. Riverside acquired the company in 2006.

    MORE IN This Just In
    MONTPELIER — The city has released a statement defending its response to recent overflow issues, ... Full Story
    BARRE — City councilors have endorsed a budget-friendly plan to incrementally upgrade the main... Full Story
    MONTPELIER — American Christian evangelist and missionary Franklin Graham encouraged a crowd of... Full Story
    More Articles
  •  
     
    • MEDIA GALLERY 
    • VIDEOS
    • PHOTOS