Company that bought Vermont Tubbs goes underSTAFF REPORT | May 06,2013The company that purchased financially strapped Vermont Tubbs furniture five years ago has gone out of business and its property is up for auction.
Brown Street Furniture of Whitefield, N.H., will have its assets sold at auction in June to pay off its major creditor.
In 2008, the company purchased certain assets of Vermont Tubbs, a maker of high-end furniture, and moved the Brandon company’s production to northern New Hampshire. The move cost 87 local workers their jobs.
Owned by brothers Robert and Kyle Tager, Brown Street Furniture encountered its own problems and went out of business last June.
Thomas Hirchak Company of Morrisville will auction the property, machinery and equipment June 6.
The 48,000-square-foot plant at 87 Brown St. is located on 5.8 acres. There are three additional parcels totaling 3.2 acres.
Another 17,334-square-foot building on a 2.9-acre parcel is up for auction at 33 Brown St.
Unsold furniture is also being auctioned, including hardwood home furnishings that include beds, bureaus, night stands, occasional tables and case pieces.
The company’s trade names are available for sale as well.MORE IN This Just In
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: In 1900, a crew arrives at a Scottish isle lighthouse to find the previous crew has vanished; in 1944, George S. Patton relieves Bastogne; in 1890, 'Uncle Charlie' Osborne born; in 1891, Henry Miller born in New York.
- RICHARD'S POOR ALMANACK: Capt. James Cook discovers and names Christmas Island, Brits develop and test H-bombs there in 1957-58; 100 years ago today, Christmas truce takes hold on Western Front in France, combatants observe the holiday.
- RICHARD'S POOR ALMANACK: Gen. Wm. T. Sherman concludes March to the Sea, secures Savannah, Ga., offers the city as Christmas gift to Pres. Lincoln; N.Y.'s Lincoln Tunnel opens in 1937; first gorilla born in captivity, Colo, celebrates 58th birthday today.
- TOMORROW'S HEADLINES TODAY: Brent Curtis reports on the probe into a city bar fight involving police officers; Vt. Yankee has its last media day event before final shutdown next week; Depot Park hosts annual vigil to raise awareness of plight of homeless.
- TOMORROW'S HEADLINES TODAY: Vermont Gas Systems puts Phase 2 on hold as the latest estimate for Phase 1 takes a 27 percent leap upward, to a total of $157 million; U.S. Attorney Tristram Coffin quits for job with private firm; police cite man in pot bust.
- RICHARD'S POOR ALMANACK: In 1972, Christmas bombing of North Vietnam ordered by President Richard Nixon, most lethal strikes of the war; in 1989, U.S. invades Panama to depose, arrest and charge Gen. Manuel Noriega with drug trafficking, racketeering.