Thread Tools Display Modes
Old 04-12-2007, 07:01 PM   #1
Senior Member
MrSen's Avatar
Join Date: Nov 2006
Location: Hamilton. Ontario, Canada
Posts: 204
Pure Fishing sold to Coleman

Pure Fishing sold to Coleman camping maker

Bloomberg News Service

April 10, 2007

Jarden Corp., the maker of Coleman camping gear, agreed to buy closely held Pure Fishing Inc. for $400 million to boost revenue at its slowest-growing unit.

Pure Fishing sells rods and reels under the Abu Garcia and Berkley brands and Stren and Trilene fishing line. The company, with U.S. operations based in Spirit Lake, Iowa, had more than $250 million in 2006 sales, Jarden said today in a statement.

Jardenís purchase would be its eleventh acquisition in five years. Pure Fishing will be part of the companyís outdoor unit, where sales grew 9.8 percent last year, trailing the 21 percent gain for the Rye, New York-based company as a whole. The outdoor division also includes the Coleman and Campingaz brands.

Pure Fishing may add 5 cents to 10 cents a share to Jardenís earnings this year, Amy Low Chasen, an analyst with Goldman Sachs Group Inc., wrote in a report today. She estimates Jarden will earn $2.48 a share. The company might make similar acquisitions in the next few months, she wrote.

Jarden will pay $300 million in cash and $100 million in a five-year note convertible to shares at a strike price of $45.32. It may make additional payments based on the performance of the Pure Fishing brands.

Jarden also makes Mr. Coffee, Sunbeam and Oster brand kitchen appliances. It added outdoor gear including Coleman in January 2005 by buying American Household Inc. for $745.6 million.

Jardenís shares fell 24 cents to $40.97 at 11:40 a.m. in New York Stock Exchange composite trading. They have gained 34 percent in the past 12 months.

2007 Ford F150 4X4 Lariat 5.4.
2011 8317RKSS
2006 Rockwood ROO 25rs Sold

Night's camped in 2010 36
MrSen is offline   Reply With Quote
Old 04-12-2007, 08:53 PM   #2
Senior Member
Join Date: Dec 2006
Location: MN
Posts: 223
I know of that company, thanks for the info.
Way to stay up on current events MrSen!!!
'05 Rockwood ROO 25RS
mn_308 is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Virginia Campgrounds

Reviews provided by is not in any way associated with Forest River, Inc. or its associated RV manufacturing divisions.

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 11:50 PM.