SPRINGFIELD, Ore. - Rosboro, LLC has announced that its board of directors has initiated a process to explore strategic alternatives, including a potential sale of the company. Rosboro has retained Goldman, Sachs & Co. as its exclusive financial advisor and Stoel Rives as its legal counsel to assist the company with this process.
“All great organizations go through transitions and we have been through many during the past 100 years of our corporate history,” commented Scott Nelson, chief executive officer. “What was once an organization owned by just a few of the original leaders of the company, today has 60 owner families throughout the country.
"Given this dispersed ownership, the company’s strong financial position and robust mergers and acquisitions market, the board of directors determined that it would be prudent to undertake a review of strategic alternatives to maximize shareholder value.”
No decision has been made to enter into any transaction at this time, and there can be no assurance that a transaction will be consummated. Additionally, Rosboro does not intend to disclose or comment on future developments regarding its review of possible strategic alternatives until a final decision has been made.
Rosboro is an integrated forest products operation that produces a wide variety of solid and engineered wood products at seven manufacturing plants in Oregon and owns approximately 100,000 acres of high quality timberland in Western Oregon. Rosboro is the largest glulam producer in North America. For more information see www.rosboro.com.
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