2024 Vermont Legacy and Family Enterprise Awards
Friday, September 27, 2024
3 - 5 p.m.
Keller Room, Ifshin Hall, Grossman School of Business
These 13th edition of these annual awards will take place on Friday, September 27, 2024 from 3 - 5 p.m. at the Grossman School of Business on the University of Vermont Campus, with a reception to follow. Join us in celebrating enterprises that stand out for their innovative practices, corporate governance, and contributions to their communities and industries.
An initiative of the University of Vermont Grossman School of Business Family Business Institute, the Vermont Legacy and Family Enterprise Awards take place each year in the fall at the Grossman School of Business. These events celebrate family businesses committed to innovation and sustainability. For any questions about these awards, please email us.
A special thank-you to our sponsors, Foley Inc. and the Paquin Family.
Congratulations to the 2024 Winners!
Multi-Generation Family Enterprise: Cascade Engineering
Cascade Engineering was presented the Multi-Generation Family Enterprise award by Jen Fleckenstein, Clearwater Filtration. Cascade Engineering is a large tonnage plastic injection molding manufacturing company based in Grand Rapids, MI that specializes in producing a wide range of products using sustainable materials and practices. Founded in 1973 by Fred Keller, it has since grown into a diverse business with operations in multiple industries, including automotive, waste and recycling, office furniture, and other custom applications. Cascade Engineering is known for its Triple Bottom Line philosophy and commitment to environmental sustainability, diversity and inclusion, and community engagement.
Multi-Generation Family Enterprise: Bead Industries, Inc.
Bead Industries, Inc. was presented the Multi-Generation Family Enterprise award by Molly Heaney, JM Huber Corp. In early 1910, Calvin Bryant developed the first electric light pull. He and his son Gerald formed the Bead Chain Manufacturing Company, incorporated in 1914. From developing “dog tag” chains for the US and Canadian armed forces to being at the forefront of the development of fluorescent lighting, today Connecticut-based Bead Industries, Inc. manufactures end-to-end, wire, and tubular connector pins for the automotive, medical, communications, and lighting industries.
Global Multi-Generation Enterprise: Supreme Creations
Supreme Creations was presented the Global Multi-Generation Enterprise award by Archana Chaudhary, Jaipur Rugs, India. Headquartered in the UK, Bags of Ethics/Supreme Creations has been a pioneer in manufacturing reusable products for over 25 years. Known for producing reusable packaging and merchandise for leading brands like Nike, Dior, and Sephora, among others. With a mission to reduce single-use plastic, the company eliminated 30+ billion single-use plastic bags and expanded into reusable merchandise across food, fashion, beauty, and lifestyle categories. Dr. R. Sri Ram, founder of the business, works alongside his daughter Smruti Sriram, CEO and part of the international management team.
Vermont Legacy Enterprise Award
OnLogic was presented the Vermont Legacy Enterprise Award by Paul Ligon, Casella Waste Systems, recognized for its commitment to social responsibility, sustainability, and the State of Vermont. OnLogic is a global industrial computer manufacturer that designs highly configurable, solution-focused computers engineered for reliability at the IoT edge. Their systems operate in the world’s harshest environments, empowering customers to solve their most complex computing challenges, no matter what their industry. Founded in 2003, the company has offices in the U.S., the Netherlands, Germany, Taiwan and Malaysia. OnLogic has helped more than 70,000 customers worldwide advance their ideas with computers that are designed to last, built to order and delivered in days. Learn more at onlogic.com/company or on youtube.com/onlogic.
Awards Process
Who Can Be Nominated?
Innovative Enterprises in the following categories can be nominated:
- 1st Gen: Start-up or purchased firms with multiple family members in ownership or operations.
- Multi-Gen - Family Enterprise that has completed at least one generational transfer within the family.
- Multi-Gen - Global Enterprise that has completed at least one generational transfer within the family.
- Vermont Legacy Enterprise: Vermont based business recognized for outstanding and long lasting success.
Who Can Nominate?
Nominations can be submitted by the company (self-nominations) or by associated parties.
What is the Judging Criteria?
The judging panel will evaluate the nominations and select the winners based on the following criteria:
- Financial success of the company
- Governance of the enterprise
- Contributions to the community and industry
- Innovative business practices or strategies
Who are the Judging Committee Members?
- Archana Chaudhary of Jairpur Rugs, India | 2023 Multi-Generation Global Family Enterprise Award Winner
- Jen Fleckenstein ('03) of Clear Water Filtration | 2023 Multi-Generation U.S. Family Enterprise Award Winner
- Molly Heaney of J. M. Huber | 2021 Multi-Generation Global Family Enterprise Award Winner
- Paul Ligon ('90) of Casella Waste Systems, Inc. | 2023 Vermont Legacy Award Winner
- Steve Schlesinger ('83) of Sago | 2016 Multi-Gen Global Family Enterprise Award Winner
- Pramodita Sharma, Professor and Schlesinger-Grossman Chair of Family Business at UVM Grossman School of Business (non-voting chair)