SGB Update Sportsmans
Nikwax NA Appoints President
After three productive years leading Nikwax North America, Rick Meade has announced he is leaving to seek new challenges and growth opportunities. Brian Davidson, current director of sales for Nikwax, has been named president, and Heidi Allen, current marketing director, has been promoted to VP of marketing.
Cabela’s/Bass Pro Deal Secures Antitrust Clearance
Bass Pro Shops acquisition of Cabela’s received the go-ahead from antitrust regulators.
Simms Fishing Secures Investment
Castanea Partners announced that it has made an investment in Simms Fishing Products, headquartered in Bozeman, MT.
Camping World Finalizes Gander Mountain Store List
Camping World Holdings Inc. on Friday revealed the 57 Gander Outdoors and Overton’s brand locations it plans to keep as part of its acquisition of Gander Mountain, which filed for bankruptcy in March.
Sturm, Ruger Appoints SVP Of Operations
Sturm, Ruger & Company Inc. announced the promotion of Thomas P. Sullivan to senior vice president of operations. In his new role, Sullivan will be responsible for all of the manufacturing, engineering and product development activities of the company.
American Outdoor Brands Sees Steep Earnings Drop In Fiscal 2018
The parent of Smith & Wesson warned that earnings would decline sharply due this fiscal year due to still elevated firearms inventory levels in the marketplace and its intention to remain aggressive in maintain market share.
West Marine To Go Private
West Marine Inc. has reached an agreement to be acquired by Monomoy Capital Partners, a New York-based private equity fund, for $12.97 per share in cash, which represents a total equity value of $338 million.
American Sportfishing Association Elects Board Of Directors Members
Four members of the American Sportfishing Association (ASA) were elected to fill two regional seats and two At-Large seats on the board of directors.
Lew’s Fishing Promotes Gary Remensnyder To CEO
Do Outdoors, LLC, also known as Lew’s Fishing, a leading supplier of branded fishing reels, rods, and related accessories, announced that Gary Remensnyder has been promoted to chief executive officer. Lynn Reeves will remain actively involved in the business as chairman
American Outdoor Brands Q4 Profits Slide
American Outdoor Brands Corp,, formerly Smith & Wesson, reported earnings on an adjusted basis declined 11.9 percent as lower gross margins offset a modest increase in sales.
Crosman Names Dave Jenner Director Of Business Development
Previously, Jenner served in executive roles for Maurice Sporting Goods for more than a decade.
C-MAP Names Head Of Digital Marine Solutions And C-MAP Group
Most recently, Sean Fernback was CEO of the open platform locations company Here, where he managed its divestiture from parent company Nokia.
Yeti Sues Three More Companies For Infringement
Yeti has filed lawsuits in the U.S. District Court in Austin against three more companies – RELYMedia, CreekFire and Nine Line Apparel – for selling items that are not unlike the Rambler tumbler that Yeti is known for, according to the Austin Statesman.
Remington Outdoor’s Debt Ratings Cut
Said Kevin Cassidy, senior credit officer at Moody’s Investors Service, “We feel that Remington’s capital structure is becoming unsustainable due to the uncertainty over its ability to refinance debt that comes due in less than two years.”
NASGW Names Camfour CEO Malcolm Getz To Board
Along with the addition of Getz, current directors Laurie Aronson and Stefanie Zanders have taken on new positions.
