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 accessories.
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 or www.facebook.com/PlanoOutdoors.
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.