Plano Molding acquires sporting goods company Frabill

By Rhoda Miel
News Editor

Published: June 19, 2012 6:00 am ET

Related to this story

Topics Consumer Products, Mergers & Acquisitions, Injection Molding

PLANO, ILL. (June 19, 4 p.m. ET) — Fishing equipment supplier Plano Molding Co. is acquiring fellow sporting goods company Frabill Inc. in a move that will allow Plano to offer a wider variety of outdoor equipment.

Plano, based in Plano, Ill., has been injection molding tackle boxes since 1952 and it continues to make a variety of tackle boxes and tool boxes as well as carrying cases for items ranging from archery equipment to golf clubs. Its Caboodle line of cases focus on storage for cosmetics and crafts.

Frabill’s outdoor line complements the tackle boxes and other Plano items. The company, which is based in Jackson, Wis., has a product line that includes fishing nets, ice fishing gear, bait traps and bait containers.

“Frabill and Plano are a perfect fit – like peanut butter and jelly,” said Plano President and CEO Tom Hurt in a June 18 news release. “We serve the same customers and our products sit next to each other on the store shelf.”

Terms of the deal were not released.

Plano intends to keep Frabill’s existing manufacturing in place for the foreseeable future, said Joe Froelich, managing director of Corporate Financial Advisors LLC, a Milwaukee-based firm that advised Frabill along with William Soderstrom of Milwaukee attorney group Fox, O’Neill & Shannon. Michael Lust of McGuire Woods LLP in Chicago was legal advisor for Plano in the deal.

The Marble family has owned Frabill for 29 years. The deal with Plano provides resources for the operation to continue to grow, said CEO Jeff Marble.

Frabill uses plastics in some of its products, but buys it from outside suppliers, Froelich said.


Comments

Plano Molding acquires sporting goods company Frabill

By Rhoda Miel
News Editor

Published: June 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

Thomson Plastics opens N.C. plant

November 20, 2014 3:12 pm ET

Custom injection molder Thomson Plastics Inc. has opened a new manufacturing facility in Lexington, N.C.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events