BowTech Selling??

Tillamook Born · 09-05-2007, 02:19 PM

Hey,

Heard through a rumor that BowTech out of Eugene was selling to Savage arms?? Any truth to this???

Thanks,
Brent

beaverfan · 09-05-2007, 07:11 PM

i hope not. i am buying one because they are local.

toas243 · 09-05-2007, 09:36 PM

OMG please no

WoodShampoo · 09-05-2007, 10:08 PM

Hope not, but I just bought one that should last me quite a while...So it shouldn't matter to me.

glowball · 09-06-2007, 11:12 AM

Didn't see anything about it on archerytalk. In todays world anythings possible, but I highly doubt this one is true.

jchunter514 · 09-07-2007, 04:28 PM

yes its true i am friends with the owners nephew and he confirmed it with me

JCH514

Tillamook Born · 09-07-2007, 06:51 PM

Well,

I pretty much assumed it was true, but didn't know if anyone else had any more info then what I had.

jchunter514 · 09-07-2007, 06:59 PM

oh ya jon Stawsime is selling to savage arms

Hanapa'a Time · 09-07-2007, 08:38 PM

Quote:

Originally Posted by jchunter514

oh ya jon Stawsime is selling to savage arms

This is sad news for sure, if true. I have several friends that work over there.

BTW it's John Strasheim......

jchunter514 · 09-08-2007, 02:23 PM

sorry i misspelled the name i didn't know i was talking to an english teacher

Critr Gitr · 10-09-2007, 10:15 PM

Savage Sports Corporation, with corporate offices in Westfield Massachusetts and BowTech, located in Eugene, Oregon are pleased to announce the completion of a landmark agreement whereby Savage acquired BowTech so that the combined resources and strength of the two well-established industry leaders can be concentrated to become a major force for growth within the shooting/hunting/outdoor industry. BowTech's family of brands will continue to be promoted and marketed independently as a wholly owned subsidiary of Savage Sports Corp.
"We are impressed with BowTech's vision and astonishing success in the archery industry and are thrilled to have them as part of the Savage family. We are looking forward to having the employees from BowTech and its sister divisions join us," stated Ron Coburn, Chairman and CEO of Savage Sports. "Their growth record and solid values are a great fit with our existing business and management culture."
Eugene, Oregon will remain BowTech's headquarters and the existing management team will continue to guide the business as it has since inception. "We recognize that BowTech has a very successful business plan in place and we intend on keeping the winning formula intact" added Coburn.

Announcing the agreement, President, CEO and Founder of BowTech, John Strasheim stated, "This is an exciting time for BowTech; our incredible growth, the launch of our new 2008 lineup, coupled with the many opportunities created by this strong partnership with Savage, who knows where BowTech will venture next - the possibilities are endless." In addition to his other duties, Strasheim will serve on the Savage board.

Savage Sports Corporation is a privately held company and consists of 3 (Savage) divisions: Savage Arms is a leading manufacturer of center-fire rifles, located in Westfield, MA; Savage (Canada) manufactures rim-fire rifles in Lakefield, Ontario, Canada; Savage Range Systems/PortaTarget, also based in Westfield MA, manufactures patented shooting ranges, target systems and shoot houses. Other corporate brand names include: Stevens, manufacturer of center-fire and rim-fire rifles and shotguns for the budget-conscious consumer; Fox, a high quality brand of American-made shotguns. Savage is the largest rifle manufacturer in the US.
BowTech, the largest bow company in the world, manufactures and distributes the industries finest compound bows and archery equipment. Founded in 1999, BowTech's corporate offices and manufacturing facilities are located on the outskirts of Eugene, Oregon. BowTech divisions include BowTech and Diamond Archery, Stryker Crossbows and WaterDog Surface Technologies with a worldwide dealer and distributor network.

Eagleclaw · 10-09-2007, 10:22 PM

beardbuster · 10-10-2007, 07:18 AM

Nothing is going to change, in fact merging with Savage will only make BowTech a financially stronger company for better growth. Most outdoor companies are owned by a major holder who basically has multiple companies underneath. You will see no change from BowTech. Onward and upward, Guaranteed!

Chesapeake · 10-10-2007, 07:56 AM

Quote:

Originally Posted by beardbuster

Nothing is going to change, in fact merging with Savage will only make BowTech a financially stronger company for better growth. Most outdoor companies are owned by a major holder who basically has multiple companies underneath. You will see no change from BowTech. Onward and upward, Guaranteed!

I would be interested in a "case in point" where this sort of thing has resulted in change that was veiwed as positive by the consumers.

The two negatives that quickly come to mind are Bauch and Lomb/Bushnell and the Danner/Lacross?? (China). I cant think of a positive case and I'm sure a little work would turn up several other negative cases.

beardbuster · 10-10-2007, 08:19 AM

Everything is still being manufactured in the same building by the same people with the same quality as before. Other than the "technical" owner, absolutely nothing has or will change. It will be a good thing.