Vermont Teddy Bear Company Acquires Vermont Brownie Company

NEWS RELEASE

Vermont Teddy Bear Company Acquires Vermont Brownie Company
Handmade Meets Homemade

Shelburne, VT - November 10, 2015 – Vermont Teddy Bear Company, the nation's largest producer of handcrafted teddy bears, is adding a homemade sweet treat to its successful line of gift‐giving offerings. Vermont Teddy Bear Company recently acquired Vermont Brownie Company, bakers of award‐winning gourmet delectables, including the famous Dark Chocolate Chevre brownie that beat world renowned chef Bobby Flay on Food Network's Throwdown! with Bobby Flay.

Vermont Teddy Bear Company and Vermont Brownie Company, two like‐minded businesses, "born and raised in Vermont", share a passion for creating and sharing an authentic Vermont experience with their customers.

"We were attracted to Vermont Brownie Company's commitment to using local ingredients as well as their continued support of our community," says Bill Shouldice, President and CEO of Vermont Teddy
Bear Company. "Our values align. Everything about Vermont Brownie Company is top notch. We believe that we have the marketing expertise and infrastructure to take VBC to the next level."

Vermont Brownie Company, founded by Shelburne resident Shawna Lidsky, has been delighting brownie fans throughout the world with its creative flavor pairings and whimsical packaging designs since 2008.

"This company is my baby," says Lidsky. "I am thrilled to have the opportunity to watch Vermont Brownie Company grow in my own backyard. Bears and brownies, I could not think of a better combination! Vermont Teddy Bear is an exciting place to be. We share a passion for Vermont and the people and products that make this such an amazing state."

Lidsky will join Vermont Teddy Bear Company at their Shelburne Road location as the Vermont Brownie Brand Manager. Brownies will continue to be baked with love in Vermont.

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About Vermont Teddy Bear

Vermont Teddy Bear, the largest handcrafter of Teddy Bears in North America, lovingly designs, stuffs and stitches every Bear in Vermont. For a one-of-a-kind gift that's just as unique as the recipient, every Vermont Teddy Bear can be customized to fit a special life event, occasion or holiday. Orders can be placed via phone (1.800.829.BEAR); mail-order catalog and online at www.VermontTeddyBear.com.

About Vermont Brownie Company

Vermont Brownie Company, founded in 2008, delights brownie enthusiasts with all-natural brownie creations focused on unique flavor pairings featuring wholesome, Vermont-fresh ingredients. Distinctive and whimsical packaging options capture Vermont's rural sophistication. Vermont Brownie Company makes gift giving easy with decadent gourmet treats for an array of personal and custom corporate gifting needs. Orders can be placed via phone (1.800.745.8333); mail-order catalog and online at www.VermontBrownie.com