Eagle Ottawa owner will listen to “potential opportunities” to sell
07/05/2014
On May 5, the Wall Street Journal said Eagle Ottawa was “on the auction block” and suggested its owners would be looking for bids around $650 million. The group has tanneries and finishing plants in various locations around the world, including facilities in China and Hungary for which the company recently announced extra investment.
In a statement issued on May 6, J. Douglas Gray, chief executive of Everett Smith Company, said: “Everett Smith Group routinely evaluates its holdings and considers potential opportunities in the marketplace. This strategy is in line with our commitment to be a prudent and professional investor across all of our holdings.”
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