PARIS, KY – Monessen Hearth Systems Company (MHSC), a manufacturer of fireplace, stove and hearth products has acquired key assets of CFM Corporation which include the Vermont Castings and Majestic Fireplaces brands.

The asset purchase agreement was approved by U.S. courts on June 30, 2008 and Canadian courts on July 3, 2008. CFM Corporation’s U.S. and Canadian operations have been under creditor protection since April 9, 2008, when protective orders were granted under Canada’s Companies’ Creditors Arrangement Act and under Chapter 11 of the U.S. Bankruptcy Code. CFM Corporation has continued to carry on business during the restructuring period.

Under the terms of the purchase agreement, MHSC will acquire CFM Corporation’s operations and assets in Bethel, Vermont and Randolph, Vermont. The assets purchased include plants, machinery, equipment, receivables, inventory, certain contracts and intellectual property, among other specific items. MHSC also acquires all shares held in the capital of CFM Mexico (Temcomex S.A. de C.V.).

Based in Ontario, Canada, CFM Corporation manufacturers hearth, space heating, barbecue and outdoor grill products in North America. Monessen Hearth Systems Company is a North American supplier of fireplaces, stoves, hearths and related remote technology products. Established in 1993 as a regional manufacturer of vent-free logs, MHSC is a full-line supplier of hearth products.