Bloomberg is reporting Burton Snowboards owners are exploring a sale that could value the Burlington, Vermont-based family run business at as much as $800 million.
Burton was founded in 1977 by Jake Burton Carpenter. As we all know, Jake tragically passed away in 2019 at age 65 as a result of complications from recurring cancer and the company is now run by his wife Donna Carpenter and CEO John Lacy. Donna has issued a statement denying the potential sale and says the company is absolutely not looking for a buyout and and will remain family-owned and privately held.
Bloomberg won’t reveal its sources. They report deliberations are at an early stage and there’s no certainty the sale will go through. We will be sure to keep an eye on this as additional information becomes available. images from BurtonSnowboards Facebook
