Former owners eye RoseArt buy-back
Reports say Lawrence and Jeffrey Rosen, the former owners of RoseArt Industries sent a letter to Mega Brands last month expressing an interest in buying back its RoseArt activity and stationery businesses.
The Rosens sold RoseArt to Mega Brands in 2005 for $350 million. In the year before the sale, the firm achieved sales of $285 million and an operating profit of $43 million.