A decision about a possible sale of SMC Corp. is expected soon, according to a release issued by the company today (March 6).
SMC, a manufacturer of high-line motorhomes based in Bend, Ore., revealed last month that it hired an investment banking firm to “explore strategic opportunities to enhance shareholder value, including the possible sale of the company.”
McDonald Investments Inc. of Cleveland was hired by SMC last month “in response to several inquiries concerning the company that SMC received when it became known that Mathew M. Perlot, SMC’s founder and chairman, would be retiring from his active role as CEO.”
McDonald’s work “evaluating various inquiries will be completed in the near future,” SMC reported today.
In the statement issued last month, SMC said there was no guarantee a transaction world occur.
Perlot, 64, announced in January that he planned to retire for health reasons. He owns 3.25 million shares, or 53.5% of SMC’s stock.