bigbowtrout Posted May 1, 2013 Share Posted May 1, 2013 Manchester, VT (May 1, 2013)—The Orvis Company, Inc. of Manchester, Vermont today announced it has entered into a definitive agreement to acquire the Scientific Anglers and Ross Reels businesses from 3M (NYSE:MMM). Upon completion of the transaction, Orvis plans to continue to operate the Midland, MI based business independently under the Scientific Anglers brand. Ross Reels will also continue to operate independently under its brand name from its Montrose, CO headquarters. The transaction is expected to be completed in the second quarter. Terms of the transaction were not disclosed. http://www.orvisnews.com/FlyFishing/orvis-acquires-scientific-anglers-and-ross-reels.aspx Quote Link to comment Share on other sites More sharing options...
Muffin Posted May 1, 2013 Share Posted May 1, 2013 Thanks for sharing. Quote Link to comment Share on other sites More sharing options...
aaa Posted May 1, 2013 Share Posted May 1, 2013 Wow, this is big news for the industry. 3M looks to be getting out of the of the FF industry completely...... Quote Link to comment Share on other sites More sharing options...
SilverDoctor Posted May 2, 2013 Share Posted May 2, 2013 Really big news, I heard rumors, should be interesting to see what direction they take it. Quote Link to comment Share on other sites More sharing options...
maxwell Posted May 2, 2013 Share Posted May 2, 2013 not sure if 3m is backing out.. all the powerlux and nano tech stuff is 3m.. maybe just focusing on top contracts with loop and a few others? Quote Link to comment Share on other sites More sharing options...
bcubed Posted May 2, 2013 Share Posted May 2, 2013 Really, it makes sense. Orvis has been having SA make their lines for damn near ever. Might as well just take it over and do it themselves.. It wouldn't surprise me if SA was making more lines for Orvis, than for themselves.. Quote Link to comment Share on other sites More sharing options...
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