Third-generation Washington company is sold




Kevin Dahl, the third-generation owner of Dahl Glass in Poulsbo, Wash., has sold the business to Gabe Rees of Coeur d'Alene, Idaho,

the

Kitap Sun

reported.

Rees has run companies for investors and wanted to own a business himself, the article said.

Kevin Dahl, the third-generation owner of Dahl Glass in Poulsbo, Wash., has sold the business to Gabe Rees of Coeur d'Alene, Idaho,

the

Kitap Sun

reported.

Rees has run companies for investors and wanted to own a business himself, the article said.


Dahl, 54, plans to work as a real estate agent. He earned his real estate license three years ago, the article said.


Dahl told the


Kitap Sun


that he first explored a sale of the business six years ago but decided to wait until the economy improved. He also said his decision to change careers was prompted by the death of a close friend in 2014.

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Dahl bought the glass business from his parents in 1992; he told the newspaper that he fired his mother in his first year of ownership because of differences over the direction of the business. “Under Dahl's management the company saw a substantial increase in annual sales and at one point had 22 employees, but he also took his lumps during the recession, losing the property on Clear Creek where he'd built a pair of 10,000-square-foot buildings, one for his business and one to lease,” the article said. He became a tenant in the building he previously owned and eventually moved to a leased building in a business park near Poulsbo, the report said.


Dahl told the newspaper that his parents supported his decision to sell. His two daughters and one son were not groomed as successors and are interested in careers out of town, the article said. (Source:


Kitap Sun,


Oct. 8, 2015.)

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