New Ownership for Vermont Tubbs Harbor Partners to Acquire Traditional Furniture Company

Furniture World Magazine

Harbor Partners, LLC has signed a purchase and sale agreement to buy Vermont Tubbs, Inc. Bill Carris, President of Carris Financial Corp, parent company of Vermont Tubbs, announced. “We will continue the 163-year tradition of manufacturing enduring designs with a commitment to quality and value for which Vermont Tubbs has become known,” said Harbor Partners’ General Partner, Christopher Young. “In a nut shell, it was the value of our products and our reputation for service that caused the intense interest shown Tubbs by the financial community. Our employees have proven that the American worker is still the most productive in the world. The team at Tubbs has made great strides in the last six months having improved service and taken lead times down from 16 to under 6 weeks,” said Lee Houston, President of Vermont Tubbs. “The new ownership’s financial power coupled with a new factory and dedicated employees means that Vermont Tubbs will grow at a faster rate as a factor in the solid wooden furniture market,” said Houston. John Mangan, who represents the Tubbs line in New England, said, “The sales force, many of whom like myself have been with Vermont Tubbs for decades, are excited about the opportunity to make available our products to more dealers. This is just what the company needs to completely realize its energetic and refreshing new direction.” Vermont Tubbs manufactures solid ash adult and juvenile bedroom furniture with distribution to all 50 states and Canada. Tubbs customer list includes innovative retailers such as Crate & Barrel, Jordan’s, Bloomingdale’s and Land of Nod. For additional information about Vermont Tubbs visit our web site at www.vermonttubbs.com or phone 800-327-7026.