Rubicon Limited is a New Zealand-based holding company. The Company has two investments: Tenon Limited (Tenon) and ArborGen Inc. (ArborGen). The Company operates through two segments: Tenon (appearance and wood products) and ArborGen (forestry genetics). The Company is an international investor in forestry related industries. The Company operates in Australasia, and North and South America. Tenon is a wood products processing, marketing and distribution business, focusing on the molding and millwork markets in the United States. Tenon also supplies a range of millwork items, including decorative products, stair-parts, doors, sidings, and outdoor products. Tenon operates in the new home construction (professional builders or pro-dealers), and remodeling and renovation (retail or national home center) markets. ArborGen is engaged in the commercialization of advanced forestry genetics. ArborGen develops and produces plantation tree seedlings.