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 Mergers & Acquisitions, Consumer Products, 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

Molder goes to auction block

October 17, 2014 12:17 pm ET

An Illinois custom injection molding operation will be auctioned off after its owner decided to close the business.    More

Image

Plastikon expanding in Kentucky

October 17, 2014 11:24 am ET

Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.    More

Image

OnePlastics Group brand created to cover seven different plastics firms

October 17, 2014 9:48 am ET

A Dublin-based company is launching a new brand to unify its plastics businesses into a single entity called OnePlastics Group.    More

Image

PolyOne denies report it's bidding for Klöckner Pentaplast

October 16, 2014 11:44 am ET

UPDATED — Compounding leader PolyOne Corp. is denying a report that it bid as much as $2 billion for film and sheet major Klöckner Pentaplast...    More

Image

Pharmaceutic Litho & Label gets new private equity backing

October 15, 2014 2:41 pm ET

Ironwood Capital is making an investment in Pharmaceutic Litho & Label Co. Inc. in conjunction with an investment by Saugatuck Capital Co.    More

Market Reports

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events