PURE FISHING ACQUIRES SEBILE FISHING LURE BUSINESS
Hot from Cape Cod Tackle on FB:
PURE FISHING ACQUIRES SEBILE FISHING LURE BUSINESS
February 8, 2011 – Pure Fishing, Inc., a leading global provider of fishing tackle and a wholly-owned subsidiary of Jarden Corporation, today announced that it has acquired all of the assets of the Sebile fishing lure business from Sebile International SA and its subsidiaries
Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
wth? probably soon have to add them to my list of things that once were great
redfins, whiplash, megabaits, all-star blanks, batson su... I know I am misses tons things.
what a dope! why would u sell the company that just had a breakthrough year in sales!! Think of the one company that you know is going to grow next year when it comes to the fishing industry. sebiles on top of the list. i woulda rode that horse a little longer before jumpin off wouldnt you!? How much u wanna bet the company woulda been worth triple of what it is now in a few years. classic sell out, and probably just f'd himself out of millions.
That deal they gave him musta been SOME SWEET to make him part with a business like that. its like im watchin the social network right now lol
That is when the multiple is the highest. Usually the contracts also have an earn-out, where the seller can participate in the growth for 1-2 years, and earn a multiple on the difference. Someone comes up with a lure hotter then his, suddenly no one wants to pay the higher price his lures seem to command.
I'd have sold, too. Why not retire if given the chance? No matter how hot or popular my product was, if given the chance to fish every day, I would.
He that would make his own liberty secure, must guard even his enemy from oppression; for if he violates this duty, he establishes a precedent that will reach to himself.
Thomas Paine
Jarden is just a holding company - they own Sunbeam, Bicycle Playing Cards, and a myriad of other companies such as coolers, Coleman, K2 skis and much more, and more diverse ... an odd collection of mish mash of mediocre stuff (especially the fishing stuff as is being expressed above).
This purchase is not much of a surprise as 2011 is being called the year of M&A - mergers and acquisitions - in the media.
"It was the blackest night! There was no moon in sight! (You know the stars ain't shinnin cause the sky's too tight) "
I thought I had seen the Jarden Company before. Yes, they are in the outdoor business as stated. But a large part of their business is coffee makers and other household items.
Thought I was going a little Crazy there. Not that it hasn't happened before.
A very good company to invest in by the way.
Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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