According to those with knowledge of the situation, the owners of Burton, a producer of snowboard equipment, are considering a sale that might fetch up to $800 million for the family-run company.
According to the sources, who asked not to be identified because the conversation involved confidential information, the Burlington, Vermont-based company is collaborating with an adviser on the potential sale. The people claimed that buyout firms are showing interest in the asset.
According to the sources, who asked not to be identified because the conversation involved confidential information, the Burlington, Vermont-based company is collaborating with an adviser on the potential sale. The people claimed that buyout firms are showing interest in the asset.
According to the persons, negotiations are still in their early stages and there is no guarantee that a deal will be reached.
Burton will continue to be family-owned and privately held and is not at any way up for sale, according to chairperson Donna Carpenter’s statement following the publication of Bloomberg News’ story.
According to the persons, negotiations are still in their early stages and there is no guarantee that a deal will be reached. Burton will continue to be family-owned and privately held, according to a statement from chairperson Donna Carpenter issued after the publication of the Bloomberg News piece.
According to its website, the outdoor gear manufacturer, which was established in 1977 by Jake Burton Carpenter, has locations all over the world, including Australia, Austria, Canada, China, and Japan. The company is currently led by Chief Executive Officer John Lacy and Donna Carpenter, the late founder’s widow. The founder passed away in 2019.
Burton Snowboards
The first firm to manufacture snowboards around the globe was Burton Snowboards, which is also the biggest snowboarding business in the world. In Manchester, Vermont, Jake Burton Carpenter founded it in 1977. After graduating from New York University, Jake, who was raised in Cedarhurst, New York, was motivated to create his own version of the Snurfer.
Featured Image: Megapixl @Serrnovik
Author Jowi Kwasu 
