Burton Owner Shoots Down Sale Reports
Burton Owner Donna Carpenter shot down a Bloomberg story that posted this afternoon that said the company is up for sale.
The story said the talks were in early stages and the company could be valued at $800 million.
“We have no idea where this rumor came from, but it is completely false,” Donna told employees in a companywide email that just went out 30 minutes ago.
A Burton spokesperson forwarded us the email when we reached out to Burton for comment after seeing the Bloomberg story.
Here is the full email from Donna to employees:
Subject line: Burton is NOT for sale
Hello Burton Global,
About an hour ago, Bloomberg News posted an article titled Snowboard Maker Burton Seeks Sale That Could be Valued at $800 Million. I wanted to personally tell you all that this is bullshit. Burton is absolutely NOT for sale.
Since we started Burton, there have been rumors that we’re selling the company. We even made T-shirts at tradeshows back in the day that said, ‘No we’re not selling to Nike.’
We have no idea where this rumor came from, but it is completely false. (I have to say, it was for a good price so you all are doing a really great job.)
Seriously, as I’ve said a number of times, Burton will remain family-owned and privately held.