Company Overview of ArborGen Inc.
ArborGen Inc. develops biotechnology tree seedling products for commercial forestry industry worldwide. It offers loblolly, slash, longleaf, and radiata pine seedlings for wood, fiber, and energy; and hardwood species, including eucalyptus, oak, elm, and birch and black walnut for papermakers, as well as for the aesthetics of grained and wood for furniture, lumber, and veneers. The company also provides breeding techniques for pine seedlings. In addition, it develops biotechnology products, which include freeze tolerant tropical eucalyptus, short rotation populus, short rotation loblolly pine, short rotation eucalyptus, and pulping tropical eucalyptus, as well as next generations of MCP and ...
2011 Broadbank Court
Ridgeville, SC 29472
Founded in 2000
Key Executives for ArborGen Inc.
Chief Executive Officer, President and Director
Director of Human Resources
Vice President of Business and Product Development
Vice President and General Manager of US Operations
Compensation as of Fiscal Year 2015.
ArborGen Inc. Key Developments
Rubicon Reiterates ArborGen's Listing Plans
Dec 5 14
Rubicon Limited (NZSE:RBC) reiterated plans for an initial public offer for ArborGen Inc. as it laments its languishing share price. "To be clear, it is not a question of whether ArborGen can be IPO'd - unquestionably it can be," Fletcher said, "Rather it is a matter of choosing the optimal mix of equity market conditions and business progress to execute an IPO of the company - to set an appropriate initial value of the company, at minimum dilution to existing shareholders, and to raise sufficient capital to secure its future growth." "If Rubicon had surplus cash today we would immediately undertake an on-market share buyback programme to correct the situation - it would overwhelmingly be the best use of our cash," Fletcher said, "However at the moment our hands are tied, as we need to preserve all our cash for on-going investment into ArborGen."
ArborGen Appoints John M. Radak as Chief Financial Officer
Aug 26 14
ArborGen announced that John M. Radak has been named chief financial officer effective August 15, 2014. As ArborGen's new CFO, Radak will be responsible for the company's finance, treasury and investor relations functions. Radak has more than 30 years of financial experience in the healthcare, life sciences and emerging technology industries. Most recently he served as the CFO of Skinit Inc.
ArborGen Announces Audited Earnings Results for the Year Ended June 30, 2014; Provides Earnings Guidance for 2015
Aug 22 14
ArborGen announced audited earnings results for the year ended June 30, 2014. For the period, the company reported EBITDA (pre-patent costs) improved to $4 million from $3 million in 2013.
The company is projecting 2015 unit sales volumes to increase 10% year on year, as the US housing market continues to recover and harvesting (and replanting) levels rise in order to meet greater wood demand, as Brazil volumes lift, and as New Zealand volumes increase as a result of the Edendale acquisition. The near-term earnings stretch-target remains to see the company at an EBITDA positive run- rate', by the end of calendar year 2015. The company is targeting 20% increase in revenue year on year.
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