Aubuchon Company makes a deal
Aubuchon Company continues its expansion-through-acquisition strategy, this time with a deal to buy a seven-unit Ace Hardware business with deep Vermont roots.
Rick Bibens has agreed to sell Bibens Ace Hardware—with locations in Vermont in Springfield, Colchester, South Burlington, Burlington, Essex, Brattleboro, and Woodstock. The stores will continue to operate as Bibens Ace Hardware, Brown & Roberts in Brattleboro, and Woodstock Home & Hardware in Woodstock.
After closing in April, the Aubuchon Company will operate 119 stores in 9 states.
“Celebrating 75 years, Bibens is an independent success story that I have long admired,” said William E. Aubuchon, IV, President & CEO. “Since purchasing the original store location from his father in 1982, Rick’s vision and hands-on leadership have resulted in incredible growth. His passion for his people, loyal customers, local communities, and the industry as a whole as Director of Ace Hardware for nine years is an inspiration.”
With Rick Bibens looking to spend more time with family and grandchildren and continue serving his community in other ways, now is the time to start a new chapter in Biben’s history, the company announced. “I've always believed going out on a high note is important. We're doing really well, business is booming, and our employees and communities are flourishing," said Bibens.
Bibens credited his customers and employees for the company success.
"It has been an honor to serve Vermont for over seventy-five years,” said Bibens. “As a family-owned and operated business, our customers are our neighbors and friends. This may be the part I will miss most."
