Why climb the corporate ladder when you can take the stairs?
Duvinage, a renowned Hagerstown-based producer of circular and spiral stairs, recently acquired Sharon Stairs of Akron, Ohio. The deal caught the attention of the Maryland chapter of the Association for Corporate Growth, which awarded Duvinage its Deal of the Year Award in the Manufacturing & Distribution category, Washington County government announced.
The acquisition allows the company to expand its product line to include egress and straight stairs. The deal was financed in part and supported by the City of Hagerstown, Washington County government and the Maryland Department of Business and Economic Development. Through the Hagerstown Revolving Loan Fund, the city and state funded a low interest $100,000 loan to the company.
Duvinage announced that it plans to retain its existing 19 positions and add 28 employees over the next two years.
Find more information on the company website.