Former owners eye RoseArt buy-back

According to US sources the former owners of RoseArt are keen to buy back the firm from Mega Brands.
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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.

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