The Hayes Brothers Snowboard Company has been acquired by Ault Glazer & Co., Inc., a holding company that holds minority stakes in a variety of businesses, according to a press release issued Monday, March 3. Co-founder Stephen Hayes, will remain at the helm as the Vermont company embarks on their second decade in the snowboard industry.
Anthony Bianco, a one time member of the World Cup Snowboarding team and Managing Director of Berlin Cameron, echoed Hayes' feelings.
“It’s fitting that on the eve of their ten year anniversary in an increasingly competitive market, Steve was able to put this deal together,” Bianco said. “Based on the media buy and the sharp increase in exposure to a
demographic starved for authenticity, this is definitely the year Hayes Brothers punches a hole through all the bogus brands out there and reminds the world that snowboarding is a sport born of first runs of the day."
"Hayes Snowboard fits our target demographic and we are very bullish about this firm's potential for growth in a very competitive market," said Jim Hodgins, Ault Glazer & Co.'s president. "We welcome Hayes into our family of companies."
is a diversified holding company that maintains stakes in various companies through its minority interests and wholly owned subsidiaries, and is involved in merchant banking, corporate lending,
shareholder activism, real estate, healthcare, energy, consumer products & services, insurance and media, according to the release. As previously announced on Dec. 13, 2007, Remington-Hall Capital Corp. changed its name to Ault Glazer & Co., Inc., and is currently waiting to be assigned a new symbol from NASDAQ Market Operations to reflect the name change.