3M is buying Ross Reels
- This topic has 18 replies, 13 voices, and was last updated Oct 4, 2010 at 12:37 pm by
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Here’s the press release:
St. Paul, Minn. – September 30, 2010 – 3M announced today that it has signed a definitive agreement to acquire Ross Reels, a Colorado-based manufacturer of fly fishing equipment and accessories. Terms of the transaction were not disclosed.
Ross Reels is recognized as one of the top fly reel manufacturers in the United States. Its full line of products includes high quality fly rods, complete fly fishing outfits, reel outfits, rod cases, fishing pliers and other outdoor related products. 3M, through its Scientific Anglers brand, offers a wide variety of products and equipment for all fly fishing experiences, including fly lines, reels, rods, boxes and instructional DVDs.
“The addition of Ross Reels builds on 3M’s core fly fishing portfolio and further expands the business,” said Gabi Sabongi, vice president, New Business Ventures, 3M Consumer and Office Business. “The combination of the well-recognized Ross Reels brand products with 3M’s Scientific Anglers branded fly fishing lines, reels, rods and accessories will allow 3M to better serve consumers and retailers in North America.”
3M’s angling scientists and design team work in partnership with fly-fishing legends to develop cutting-edge technologies and ultimate fly line designs to modernize the sport. Throughout its 60 year history in this market, 3M has been inventing premier fly fishing products—from the contemporary floating fly line more than 50 years ago to the specialty core construction and patented Sharkskin technologies.
Ross Reels employs approximately 25 people at its operations in Montrose, Colorado. The transaction is expected to be completed in the fourth quarter.
“Ross Reels employs approximately 25 people at its operations in Montrose, Colorado.”
Having no association with the flyfishing industry in any way, I’m continually amazed at how small the business end is.
Dave –
Probably by going to school and getting an advanced engineering degree, like our buddy Tim here, or by owning a hell of a lot of engineering patents, like his boss Jeff Wierenga.
Dave –
Probably by going to school and getting an advanced engineering degree, like our buddy Tim here, or by owning a hell of a lot of engineering patents, like his boss Jeff Wierenga. Studying the cast and writing national scholarly journal articles with other academics about casting, like Bruce Richards (the former head of SA) did, would also help.
Zach
I really just stumbled on the gig. Saw an advertisement in the local paper.
Tim, When I was in school, you could get a full scholarship if you decided to major in Textile Engineering. The textile industry was desperate and funding it.
Are most of your guys at 3M Chemical Engineers?
Interesting reading…
I wonder what will happen with the distribution channels regional and internationally?
Also wonder what standing this put Sci Angler with the other big S and the big A?
And what does it mean for the end consumer?I stopped selling Ross a few years ago because they were not small dealer friendly maybe this will change now.
MSThe SA rep with whom we work as Pro Staff told us Friday that current rep contracts will stay in place until they expire, then SA reps are likely to take over from Ross reps in most territories.
Hmm… not happy with this.
3M bought several nice manufacturers and eventually they all disappeared.
One I really liked was JW Outfitters.I’m afraid Ross Reels will eventually fade(d) out…
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