3M Co. has signed a definitive agreement to acquire Ross Outdoor
Sports Specialties, a Colorado-based manufacturer of fly fishing equipment and accessories.


Ross 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. Silver Steep Partners served as the exclusive financial advisor to Ross.


“3M and Ross make a terrific match,” said Dan Clark, Ross's CEO. “3M's vast research and development resources, along with its history and
experience in the fly fishing market will help us to continue to grow the trusted Ross brand.”


With $23 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 65 countries.


“The addition of Ross 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 Ross's well recognized brand products with 3Mʹs Scientific Anglers branded fly fishing lines, reels, rods and accessories will allow 3M to better serve consumers and retailers in North America.”