T&T and Abel bought out

From another group:
Denver Fly Fishing Retailer World Expo

Sharpe's today announces two significant deals which immediately propels the
Scottish based group into a leading player in the global fly market.
Originally established in 1920, Sharpe's has undergone major surgery in
recent years driven by a buy and build strategy orchestrated by their
Chairman Gerry Metcalfe who celebrates 20 years in the industry this year.

Thomas & Thomas, recognised the world over as a manufacturer of the finest
fly rods, has merged its operation with Sharpe's to enable the sharing of
distribution platforms in both Europe and North America. Lon Deckard
welcomes the deal as a strategic success. "The need for consolidation is
clear and this move will enable Thomas & Thomas to develop at a faster rate
by allowing access to greater capital and marketing power." Sharpe's
comprehensive range will now be distributed through the Greenfield site of
Thomas & Thomas across North America.

"Abel reels need little introduction and with the development of salt water
fly fishing their unique product offerings offer a lifetime of reliability
and quality. Steve and Gina Abel have built a business to be proud of and I
am delighted that we have concluded a deal to buy the Abel Corporation with
Steve being retained as a consultant to handle product development."
commented Metcalfe.

Further deals are promised as the company positions itself for further
growth opportunity.

That's Sharpe's of Aberdeen (not in Maryland).


--
Frank Reid
Euthanize to respond