Plano Got Sold?!

[Hooligan]

I got an update at work today that Plano molding was sold to a teacher's pension plan organization. It said that it was a Canadian organization, and a big one at that. Something like $100+ in assests and liquid funds.

I thought it was odd that the sale of an outdoor company like Plano went to a company that is a pension organization. I guess it speaks volumes about the economic status of the fishing industry. Even in downturn and slow economy, people are going to purchase fishing equipment...

[Glenn]

http://www.bassresource.com/bass_fishing_123/teachers-acquires-plano.html

[Hooligan]

As usual, I'm a day late and a dollar short. I guess I should have read the release the day it was issued. It's no less interesting, though. Thanks for pointing that out, too, Glenn. I so often forget to check the news and articles.

[tomustang]

Even in downturn and slow economy, people are going to purchase fishing equipment...

Must not forget more people fish for food than just fun.

[flyfisher]

Must not forget more people fish for food than just fun.

you think so? I would say the exact opposite other than crappie fisherman maybe....

[tomustang]

you think so? I would say the exact opposite other than crappie fisherman maybe....

Not everyone is a C&R bass fisherman and crappie isn't the only fish to eat in this world.

[flyfisher]

Not everyone is a C&R bass fisherman and crappie isn't the only fish to eat in this world.

really, i had no idea i thought everyone was a catch & release bass fisherman or a crappie fisherman and i am even more shocked that there are other fish to actually eat out there too......

I am just basing it on the people i see on the lakes and the number of people i see taking fish home. I also think it is somewhat regional in nature based on species present etc......

[Brandon K.]

Plano makes so much more than just tackle boxes too. Pretty interesting stuff.

[LgMouthGambler]

you should come down to Florida and see all the "bucket and cane pole" fisheman we have here. Its fun when you fish next to them and you catch more bass in 5 minutes than they catch for the hour they say they were sitting there. Then they say "you gonna throw that back?", then I say "you got a fishing license?". Its always "no". Then I tell them to get one and do some real fishing and you might get some your own. Its mean, but I get sick of them crying and asking for handouts. Too cheap to spend the $15 dollars to be able to use real equipment to catch fish.

[Brian Needham]

so plano will be going under in 5-7 years, good to know.

[LgMouthGambler]

so plano will be going under in 5-7 years, good to know.

thats funny right there.

[HuskyKMA]

really, i had no idea i thought everyone was a catch & release bass fisherman or a crappie fisherman and i am even more shocked that there are other fish to actually eat out there too......

I am just basing it on the people i see on the lakes and the number of people i see taking fish home. I also think it is somewhat regional in nature based on species present etc......

Here in the Pacific Northwest, us bass fisherman seem like the minority. It's all about salmon and steelhead in the freshwater, and salmon, tuna, halibut, and rockfish in the salt. I'm fishing for keepers on anything but the bass and crappie, and some trout streams. The bass fishing section of our mostly regional fishing forum doesn't get nearly as much activity as these other species (maybe 2% as much!!!).

[Bluebasser86]

Not everyone is a C&R bass fisherman and crappie isn't the only fish to eat in this world.

Catfish is the most fished for fish in terms of hours spent pursuing them in Kansas last I heard. I think crappie and bass are a really tight race for 2 and 3. Lots of walleye, white bass, and hybrid fishermen around here too. Bass are about the only fish that gets released around here and a lot of them get kept too unfortunately. KDWP seems to care very little about managing any fish species that isn't a popular food fish. They spend tons of money annually stocking and operating fish feeders for the catfish in lakes and one netting and breeding programs for walleye though. I guess maybe the fact that our bass fishing isn't very good may have something to do with other fish species getting more of the spotlight.

[SirSnookalot]

Back on topic, I don't think it's too unusual for a pension plan to make investments in companies, bonds, mutual funds or other types of investment vehicles in both domestic and international markets. I'm sure some of our stock broker members could enlighten people much more than I can. In this situation, as far as my limited comprehension allows, the teachers pension plan has it's own private equity fund and that is who purchased Plano. As a rule private equities are about making money for them and their investors, the product itself and the employees quite often are a secondary concern. Time will tell what changes are made regarding management and production, if any, as Plano seems to have good market share. Assets and market share do not always mean desired profitability, any company can be a candidate for resale or restructure, but the product itself will most likely be around for years to come.

[Glenn]

Don't forget, Plano bought Frabill earlier this year.

[OkobojiEagle]

Don't forget, Plano bought Frabill earlier this year.

Is Tom Bedel running Plano now?

oe

[detroit1]

The new standard box will now be called the 3700a.