A publicly traded company has acquired a company that manufactures power tools in Vergennes and Winooski.
Generac Holdings acquired Vergennes-based Country Home Products on Aug. 1 for an undisclosed sum. Country Home Products started in 1985 making log splitters and machine chippers, and owns brands such as DR and Neuton.
Generac Holdings Inc., based in Wisconsin, is traded on the New York Stock Exchange as $GNRC, has a market capitalization around $2.43 billion, and owns the brand Generac Power Systems.
The local management team will continue running Country Home Products, which has updated its logo to say “a subsidiary of Generac Power Systems.” The companies didn’t detail what might change for company workers.
Country Home Products employs about 250 people at three locations throughout Vermont. The company was once considered a “troubled company” under a federal immigrant investment program, but has also been named one of the 27 best places to work in Vermont.
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