Greenbush, Minnesota-based Central Boiler Companies, parent company of Altoz zero-turn mowers and outdoor furnace manufacturer Central Boiler, 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.
“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,” said Dennis Brazier, CEO/president of Central Boiler. “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 U.S. 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,” Brazier said.