CENTRAL BOILER ACQUIRES WOODMASTER
Jan. 20, 2020
Source: Central Boiler news release
Greenbush, Minnesota -- Central Boiler Companies, parent company of Central Boiler, the leading manufacturer of outdoor furnaces in North America, announces that it has acquired the WoodMaster brand of outdoor furnaces. Central Boiler has formed an affiliate named WoodMaster Inc. and plans to continue to grow the WoodMaster brand.
Dennis Brazier, CEO/President of Central Boiler, said, "This acquisition brings two iconic names in the outdoor wood furnace industry together, each benefiting from the economies of scale that will be achieved through increased purchasing power, reduced costs, lower overhead and more efficient distribution. Two separate successful brands working together is stronger than one successful brand alone."
Central Boiler and WoodMaster have a complementary network of dealers primarily in the United States and Canada and distributors in select markets outside North America. The synergies and similar corporate philosophies provide the right environment for a smooth transition and solid growth strategy for both brands. "We look forward to growing our business by adding talented people and a strong brand to our organization," said Dennis.