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Vermont 100+ List of Largest Companies
C&S leads list again, but probably for last time
BURLINGTON – In its January 2003 issue, Vermont Business Magazine has released
its 17th annual Vermont 100+ list of the states largest companies ranked by revenues.
Once again, C&S Wholesale Grocers in Brattleboro topped the list, but probably for the
last time. C&S reported $9.7 billion in sales in 2002. C&S is the only billion-dollar
company in Vermont; it grew by $1.2 billion since last year. However, C&S announced
early last year that it would move its corporate headquarters to Keene, NH, probably
sometime in 2003. At that point, C&S would no longer qualify.
The Vermont 100+ is comprised of Vermont-based firms and subsidiaries with $3
million or more in annual revenues. Companies report revenues for their most recently
completed fiscal year. Reporting is voluntary, except in the case of publicly traded
companies. For some companies, sales for the year are estimated. For a few of the
publicly traded companies, which can’t make public their sales until after their fiscal
year ends, the revenue figures are for the prior year.
VBM’s Vermont 100+ this year contained 207 companies. The companies are ranked
both by total revenues and within their subcategories. The most noticeable difference
from 2001 was that many fewer manufacturing firms elected to report sales figures.
Sixty-one manufacturers are listed this year, versus 85 last year. This reflects the
general contraction in manufacturing witnessed in Vermont and the United States over
the last 18 months.
Not only are fewer companies listed, but sales for many are down. Among those who
lost ground are Mack Group in Arlington (down $155 million), Huber + Suhner Inc in
Essex Junction (down $10 million) and St Albans Cooperative Creamery (down $9.1
million). Meanwhile, other manufacturers like Hubbardton Forge in Castleton, Vermont
Teddy Bear in Shelburne and Sonnax Industries in Bellows Falls continued their
impressive growth.
Top Ten Vermont 100+ Companies:
1) C&S Wholesale Grocers, Brattleboro $9.7 billion
2) National Life, Montpelier $550 million
3) Fletcher Allen Health Care, Burlington $495.2 million
4) Casella Waste Systems Inc, Rutland $420.8 million
5) FiberMark*, Inc, Brattleboro $394 million
6) IDX Systems Corp*, South Burlington $379.9 million
7) University of Vermont, Burlington $348 million
8) Central Vermont Public Service Corp*, Rutland $302.5 million
9) Green Mountain Power Corp*, Colchester $283.5 million
10) Pizzagalli Construction, South Burlington $250 million
Top Ten Fastest Growing Companies over Last Five Years:
1) Vermont Pure Holdings Ltd, Randolph 497.5%
2) Casella Waste Systems Inc, Rutland 474.5%
3) Neagley & Chase Construction, South Burlington 247.2%
4) Seventh Generation, Burlington 198.5%
5) Hubbardton Forge, Castleton 165.4%
6) C&S Wholesale Grocers, Brattleboro 162.2%
7) Chroma Technology, Brattleboro 150%
8) Feed Commodities International Ltd, Vergennes 140.9%
9) Vermont Teddy Bear Company, Shelburne 136.4%
10) Sonnax Industries, Bellows Falls 134.2%
*Reported fiscal 2001 revenues.
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