Lew’s Fishing Tackle sold to private equity group
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Award-winning US manufacturer Lew’s Fishing Tackle has been taken over by a private equity group.
The Springfield, Missouri-based company, a regular winner at the ICAST trade show for its innovative rods, reels and combos, has been taken over by an affiliate of Peak Rock Capital, Peak Rock.
Anthony DiSimone, Chief Executive Officer at Peak Rock Capital, said: “Investment in Lew’s highlights Peak Rock’s continued desire to partner with leading branded consumer products businesses where we can help drive growth.”
Peter Leibman, Managing Director of Peak Rock Capital, added: “Lew’s has a strong competitive position within the fishing category and a rich history of innovation. We believe Lew’s is an excellent platform for expansion through continued investment in new product development and strategic add-on acquisitions.
“We are excited to work with the team at Lew’s to pursue continued growth and innovation in the category.”
Lynn Reeves, CEO of Lew’s Fishing Tackle, said: “Through world class product innovation and industry-leading customer service, the Lew’s team has focused on becoming a best-in-class partner to its retailers and a supplier of industry-leading products to its consumers.
“Our team is proud to have made significant progress towards those goals over the past seven years and we look forward to partnering with Peak Rock to continue rapidly growing the company.”
Gary Remensnyder, President of Lew’s, said: “We are thrilled to partner with Peak Rock, which shares our vision of growth through product development and investment in the Lew’s brand. We look forward to continuing to grow our business in partnership with our consumers, retailer partners, employees and suppliers.”