Shakespeare Fishing Tackle Acquires Penn Fishing Mfg. Co.
Jan 21 2007 8:10pm
COLUMBIA, SC. Shakespeare Fishing
Tackle announced the acquisition of Penn Fishing Tackle Mfg. Co. Founded in
1932, Penn is a market leader in saltwater trolling and spinning reels and
These products include the famous Penn
International®, Senators®, GT, and GTO trolling reels, as well as Slammer® and
Spinfisher® SSM and SSG spinning reels.
"For 75 years, Penn products have been the gold
standard for offshore, inshore and surf fishing," according to Scott Hogsett,
President of Shakespeare. "Shakespeare is excited to be able to add Penn's broad
assortment of saltwater products to complement the current Shakespeare, Pflueger
and All Star freshwater, inshore and saltwater offerings."
"We look forward to bringing to Penn the vast
new product introductions and innovation that our customers have come to expect
from Shakespeare and Pflueger each year. The Penn name is one of the greatest
brands in fishing, but has lacked the resources to grow and develop markets. Our
volume and economies of scale will allow us to reinvest in the brand and grow
Shakespeare is a K2 Inc. company, a
premier branded consumer products company with a portfolio of leading brands.
K2 Inc. is a premier, branded
consumer products company with a portfolio of leading brands including
Shakespeare®, Pflueger® and Stearns® in the Marine and Outdoor segment;
Rawlings®, Worth®, K2 Licensed Products and Brass Eagle® in the Team Sports
segment; K2®, Völkl ®, Marker® and Ride® in the Action Sports segment; and Adio®,
Marmot® and Ex Officio® in the Apparel and Footwear segment. K2's diversified
mix of products is used primarily in team and individual sports activities such
as fishing, watersports activities, baseball, softball, alpine skiing,
snowboarding and in-line skating. Among K2's other branded products are Hodgman®
waders, Miken® softball bats, Tubbs® and Atlas® snowshoes, JT® and Worr Games®
paintball products, Planet Earth® apparel and Sospenders® personal floatation
Adio®, Atlas®, Brass Eagle®, Ex Officio®, Hodgman®, JT®, K2®, Marker®, Marmot®,
Pflueger®, Planet Earth®, Rawlings®, Ride®, Shakespeare®, Sospenders®, Stearns®,
Tubbs®, Volkl®, Worth® and Worr Games® are trademarks or registered trademarks
of K2 Inc. or its subsidiaries in the United States or other countries.