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Article: FIBREBOARD FINALIZES PURCHASE OF BEAR MOUNTAIN SKI RESORT ASSETS
- Article from:
- PR Newswire
- Article date:
- October 24, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(AMEX: FBD) announced today the completion of its purchase of the assets of Bear Mountain Ski Resort from S-K-I Ltd. for an approximate net investment of $18.0 million, earning Fibreboard the distinction of becoming the largest ski operator in California.
Bear Mountain, whose customer base is derived primarily from the nearly 12 million residents in Southern California, is located 70 miles east of Los Angeles. The 690 acre resort under permit from the U.S. Forest Service is equipped with extensive snowmaking capabilities for optimum skiing conditions on its 35 downhill trails. In addition to its ski facilities, the resort also has a nine-hole golf course.
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