Bamboo Hardwoods Announces Ownership Changes

Seattle, WA, July 11, 2016—Bamboo Hardwoods has announced new ownership through a buyout from its existing management and manufacturing partner.

Formally one operating unit of the Aboeda family of companies, the original grouping of principals and manufacturing partners have now become full-interest owners, solely focused on providing innovative, best-of-breed bamboo products and service.

According to Bamboo Hardwoods, as a result of the transaction, David Keegan has increased his ownership stake and is now president and chief executive officer.  An industry veteran with over seventeen years in the bamboo flooring category, mostly with Bamboo Hardwoods, Keegan has spearheaded the company over the past decade from a local retailer of bamboo products to a nationally-recognized manufacturer of bamboo flooring sold through distributors and authorized retailers nationwide.

Hugh Gallagher, the company’s existing chief financial officer, also increased his ownership stake and takes over chief operating officer duties, as well. Gallagher has over ten years’ experience with Bamboo Hardwoods and was an integral member of the company’s manufacturing transition. Additional ownership interest resides with Bamboo Hardwoods’ existing manufacturing partner group in China.