Shimano American Corporation has completed its agreement to acquire Innovative Textiles, Inc., the company best known as the makers of PowerPro braided fishing line, announces Dave Pfeiffer, Shimano American president.
While maintaining manufacturing operations and staff at its facility in Grand Junction, CO, Pfeiffer notes the Innovative Textiles sales and marketing efforts will be transitioned to Shimano American's operations in time for the ICAST show this coming July in Orlando.
“The extensive background that Konrad Krauland and his team at Innovative Textiles have in braiding and textile engineering is one of the key assets of our acquisition,” said Pfeiffer. “Krauland will join our management team as a vice president, focusing on production, coordinating manufacturing and new product development with Shimano offices worldwide.”
Pfeiffer further notes that Shimano will aggressively market the PowerPro branded products to the international sportfishing market. “While Konrad and Innovative Textiles have become a leader in braided fishing lines here in the U.S., the connection now with Shimano will allow us to grow the business throughout Asia, Australia, Canada, Europe and Latin America.
Shimano American Corporation is the U.S.-based subsidiary of Shimano, Inc. a multi-national manufacturer of bicycle components and fishing tackle.
