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
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