Publicly traded Wisconsin company, Generac Holdings, Inc., has purchased Country Home Products of Vergennes and its subsidiaries, including DR Power Equipment and Neuton electric lawn mowers.
The deal closed on Aug. 1.
Generac designs and manufactures a wide range of generators as well as other products such as light towers, pumps and power washers for both the residential and commercial markets. The company has a market value of $2.1 billion.
Joe Perotto, president of Country Home Products, said in a statement the sale was a "very exciting transaction" for the Vergennes company.
"It will open up even larger markets for sales of DR, Neuton and Generac products both in the United States and globally, and will also create meaningful opportunities to improve our product costs and ultimately the value we bring to our customers," Perotto said.
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