Savage Sports Corp. has completed its acquisition of BowTech. Savage Sports, based in Westfield MA, said the combined resources and strength of the two well-established industry leaders “can be concentrated to become a major force for growth within the shooting/hunting/outdoor industry.”
BowTech's family of brands will continue to be promoted and marketed independently as a wholly owned subsidiary of Savage Sports Corp. Eugene, OR, will remain BowTech's headquarters and the existing management team will continue to guide the business as it has since inception
“We are impressed with BowTech's vision and astonishing success in the archery industry and are thrilled to have them as part of the Savage family. We are looking forward to having the employees from BowTech and its sister divisions join us,” stated Ron Coburn, Chairman and CEO of Savage Sports. “Their growth record and solid values are a great fit with our existing business and management culture.”
President, CEO and Founder of BowTech, John Strasheim stated, “This is an exciting time for BowTech; our incredible growth, the launch of our new 2008 lineup, coupled with the many opportunities created by this strong partnership with Savage, who knows where BowTech will venture next – the possibilities are endless.”
Savage Sports makes rifles, shotguns and indoor and outdoor shooting ranges. Its brand names include Savage, Stevens, Fox and Snail.
BowTech's divisions include BowTech and Diamond Archery, Stryker Crossbows and WaterDog Surface Technologies with a worldwide dealer and distributor network. It specializes in compound bows and archery equipment.
