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Brownstreet Furniture Subsidiary Acquires Vermont Tubbs

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Kyle and Adam Tager and their partner Elwin Wright, owners of Brownstreet Furniture, announced the acquisition by BSF Transition LLC, a wholly subsidiary of Brownstreet Furniture, of Vermont Tubbs of Brandon, VT. A legacy company in the case goods industry, Vermont Tubbs has been manufacturing solid-wood, American-made furniture for 168 years in New England. Customers will continue to enjoy the same production quality and timelines under the same brand. Over the next ninety days Vermont Tubb's existing manufacturing facility will continue production while the Tagers and Wright assess future production plans. "We will not disturb the processes that are working well and will work with the current team to bring a robust diversity of quality products to the marketplace," said Kyle Tager. "Our business philosophy is based on a few effective strategies: work hard, value our people, produce with pride, get the details right and sell at a fair price." "Vermont Tubbs is a leading company in this industry, with a commitment to crafting authentic, American-made furniture that fits tongue and groove with the way we do business," said Adam Tager. "We understand the heart and passion that goes into this kind of craftsmanship as well as the historic significance of Vermont Tubbs. We will maintain a status quo throughout the review period, and will strive to keep all the talent that has made this company a giant in the industry." Twin brothers Kyle and Adam Tager acquired Mystic Valley Traders in 2003 and acquired majority ownership in Brownstreet Furniture from founding partner Elwin Wright in January 2008. The trio own BSF Transitions, LLC, the now parent company of Vermont Tubbs. A veteran in the furniture industry with over 40 years of experience, Wright drives production for the company. The partners have realized quick and noticeable successes with the implementation of fresh photography, innovative sales tools and popular product enhancements. "The joining of these great talents couldn't come at a more opportune time," said Jon McNeill, former co-owner of Vermont Tubbs. "The Tager brothers have a gift for creating, managing and delivering compelling products. Coupled with Elwin Wright's production talent, we can all expect to see big things under their combined leadership." John McNeill and his partner, Fred Musone, bought Vermont Tubbs in 2003, shifting the company from the brink of bankruptcy to its present day success of over $6.5 million in sales scheduled for 2008. Denise Ogurkis, vice president of sales and marketing at Vermont Tubbs, has been with the company for more than three years and is working closely with the new owners to facilitate a seamless transition. Vermont Tubbs will continue with the kind of brand outreach that has helped the company maintain long-term relationships with its customers.

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