Oregon’s Rosboro Announces Its Sale, Starting With Timberlands
Wood products manufacturer Rosboro, one of Springfield’s oldest employers, has sold its timber holdings, and the rest of the firm, including its large mill on Main Street in Springfield, could be sold by the end of the year. Rosboro announced Tuesday that it sold about 95,000 acres of timberlands in Western Oregon to an entity managed by Campbell Global LLC, based in Portland.
Privately held Rosboro did not disclose a purchase price. Based in Springfield since 1939, Rosboro also said it expects to sell its factories, including mills in Springfield, but did not offer details about a sale except that the deal could be completed by the end of December.
“We especially want to acknowledge and show our strong appreciation for our customers, suppliers, contractors and employees for the incredible relationship and partnership we have had over the years,” Chief Executive Scott Nelson said in a written statement.
Rosboro has said it is one of the largest employers in Lane County, although the company has not recently disclosed how many people work for it. A call to Kevin Peterson, Rosboro’s human resources director, who was listed on the press release as a company spokesman, was not returned on Tuesday.
In April, Rosboro announced its intention to explore strategic alternatives, including a sale. The firm said at the time it was working to “allow for such a transition by the end of 2016.” At the time, Nelson said that the ownership of the company had become spread among about 60 owners from several families scattered around the country.
From The Register-Guard: registerguard.com.
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