McGuireWoods Represents Plano Molding in Frabill Acquisition
June 21, 2012
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McGuireWoods LLP announced today that it represented Plano Molding Company in
its acquisition of Frabill Inc. The transaction, which was announced on Monday,
closed on June 15. It brings together under one roof Plano, the worldwide leader
in fishing tackle storage systems, and Frabill, the North American leader in
live bait storage, landing nets and portable ice fishing shelters and related
Michael Lusk, a partner in the firm’s Chicago office, led a team of eight
McGuireWoods attorneys representing Plano in this matter. The firm handled all
aspects of the transaction for Plano, including tax issues, intellectual
property, labor and employment and employee benefits.
Frabill's shareholders were advised by Joe Froehlich of Corporate Financial
Advisers and William Soderstrom of Fox, O'Neill & Shannon.
Founded in 1932, Plano Molding Co. manufactures and sells organizational
products for fishing and hunting enthusiasts as well as a variety of consumer
applications. Plano is the leading fishing tackle box and tackle storage system
brand worldwide. Plano is also a leading supplier of retail gun and archery
cases and other fall sports products. Other products in the Plano family include
Plano® toolboxes, Tenzing® hunting packs, Golf Guard® golf club cases, Creative
Options® craft storage cases and Caboodles® cosmetic cases. For more information
on Plano, visit www.planomolding.com
Frabill® was established in 1938 and is celebrating 73 years of providing the
most trusted gear in the fishing industry. Frabill's fresh and saltwater
products include a wide selection of landing nets, portable aeration systems,
bait containers, bait care, bait traps and seines, apparel and other fishing
accessories. Frabill's ice fishing product mix consists of portable ice fishing
shelters, ice fishing rods and combos, tip-ups, bait containers, portable
aeration, apparel and other ice fishing accessories.