757saltwater Posted May 30, 2019 Report Share Posted May 30, 2019 Heard through the grapevine Penn sold off and has new owners and we'll be making changes....any truth to this? Link to comment Share on other sites More sharing options...
odiemike86 Posted May 30, 2019 Report Share Posted May 30, 2019 22 mins ago, 757saltwater said: Heard through the grapevine Penn sold off and has new owners and we'll be making changes....any truth to this? It was sold to private equity in January 2019. The PE firm now owns bu Garcia, All Star, Berkley, Chub, Fenwick, Greys, Hardy, Hodgman, Johnson, JRC, Mitchell, Penn, Pflueger, Sebile, Shakespeare, SpiderWire, Stren, and Ugly Stik. They are only concerned with profits and will cut mfg costs and most likely quality. Link to comment Share on other sites More sharing options...
TimS Posted May 30, 2019 Report Share Posted May 30, 2019 1 hour ago, odiemike86 said: They are only concerned with profits and will cut mfg costs and most likely quality. I’m not sure that’s necessarily fair or true - all corporations are concerned with profits but they are also concerned with survival. If they allow quality to drop they’ll lose market share and that negatively affects profits TimS b4loran and aae0130 2 Show someone how to catch striped bass and they'll be ready to fish anywhere. Show someone where to go striped bass fishing and you'll have a desperate report chaser with loose lips. Link to comment Share on other sites More sharing options...
SandSpike1 Posted May 30, 2019 Report Share Posted May 30, 2019 (edited) * Edited May 30, 2019 by TimS Please stop with the off topic posts. Overalls With Suspenders Link to comment Share on other sites More sharing options...
odiemike86 Posted May 30, 2019 Report Share Posted May 30, 2019 28 mins ago, TimS said: I’m not sure that’s necessarily fair or true - all corporations are concerned with profits but they are also concerned with survival. If they allow quality to drop they’ll lose market share and that negatively affects profits TimS Probably not a fair statement but i have seen what PE firms do to the operations once they acquire a company. All thoes brands have a large established marketshare so a gradual decline i quality will not be noticed by the majority of the consumers. People will still buy shakespear penn combos at wallmart no matter the quality. Thats just my opinion. Roadkilll 1 Link to comment Share on other sites More sharing options...
Belmo Posted May 31, 2019 Report Share Posted May 31, 2019 On 5/30/2019 at 4:08 PM, TimS said: I’m not sure that’s necessarily fair or true - all corporations are concerned with profits but they are also concerned with survival. If they allow quality to drop they’ll lose market share and that negatively affects profits TimS Private equity is private equity. Unless you're part of the group, nobody really has any idea what will happen. When PE bought my beloved Victory Brewing (they bought Southern Tier too), I figured that was the end of Victory. But that was two years ago, and if they've changed, I haven't noticed. I for one am going to wait and see how this plays out. I think the fine folks on Hunting Park Avenue have earned the benefit of the doubt. hunter123 and TimS 2 Terri Mae does not approve this message, but screw him. Link to comment Share on other sites More sharing options...
TimS Posted May 31, 2019 Report Share Posted May 31, 2019 56 mins ago, Belmo said: Private equity is private equity. Unless you're part of the group, nobody really has any idea what will happen. When PE bought my beloved Victory Brewing (they bought Southern Tier too), I figured that was the end of Victory. But that was two years ago, and if they've changed, I haven't noticed. I for one am going to wait and see how this plays out. I think the fine folks on Hunting Park Avenue have earned the benefit of the doubt. I almost always hate it when I agree with you Show someone how to catch striped bass and they'll be ready to fish anywhere. Show someone where to go striped bass fishing and you'll have a desperate report chaser with loose lips. Link to comment Share on other sites More sharing options...
blacklabnh Posted June 1, 2019 Report Share Posted June 1, 2019 (edited) People said the same when Pure fishing bought Penn. What happened? Good things like the Clash, Slammer 3, and Fathoms came out which have been workhorses for me and people who fish on my boat. I I had been buying Avet conventionals and Shimano spin reels for over a decade. Edited June 1, 2019 by blacklabnh hunter123 1 Link to comment Share on other sites More sharing options...
Roadkilll Posted June 21, 2019 Report Share Posted June 21, 2019 Can anyone tell me, please, which models of Penn reels are still made in the USA? I’ve asked this question at a dozen places around San Antone, Corpus and Kerrville, but I get answers from things that happened 15yrs ago on up to this year. Link to comment Share on other sites More sharing options...
TimS Posted June 21, 2019 Report Share Posted June 21, 2019 As far as I’m aware the Internationals and Torques are made in the US...but it has been a few years since I heard this officially Roadkilll 1 Show someone how to catch striped bass and they'll be ready to fish anywhere. Show someone where to go striped bass fishing and you'll have a desperate report chaser with loose lips. Link to comment Share on other sites More sharing options...
Roadkilll Posted June 21, 2019 Report Share Posted June 21, 2019 Thank you! Those have been two of three constant names. I’m just getting back into the swing of things after a decade plus of medical crud. I’m finally allowed to get in the sun n heat, to get in water, touch fish, go hunting, get guys n stuff on me, do manchild things again. lol. I was hoping the Conflict was made "Onshore"... but it’s such a smooth dadgum reel and combo! It makes my Shakespeare feel like I’m cranking on a weighted line. Link to comment Share on other sites More sharing options...
coastalfreak Posted June 28, 2019 Report Share Posted June 28, 2019 On 6/21/2019 at 5:15 PM, Roadkilll said: Thank you! Those have been two of three constant names. I’m just getting back into the swing of things after a decade plus of medical crud. I’m finally allowed to get in the sun n heat, to get in water, touch fish, go hunting, get guys n stuff on me, do manchild things again. lol. I was hoping the Conflict was made "Onshore"... but it’s such a smooth dadgum reel and combo! It makes my Shakespeare feel like I’m cranking on a weighted line. New production Z Series as well. "It's funny how it's the little things in life that mean the most Not where you live, what you drive or the price tag on your clothes" -Zac Brown Band "A leader is someone who keeps their head when everyone else is losing theirs." -Bryant Wright Link to comment Share on other sites More sharing options...
The Zen Master Posted June 28, 2019 Report Share Posted June 28, 2019 On 5/30/2019 at 3:08 PM, TimS said: I’m not sure that’s necessarily fair or true - all corporations are concerned with profits but they are also concerned with survival. If they allow quality to drop they’ll lose market share and that negatively affects profits TimS It's a Walmart Country - they will make more profit selling cheap Chinese junk that is designed to wear out fast, so people buy another one rather than send something in for a repair. Those who know, do not talk; those who talk, do not know. - Tao Te Ching 56 Defeat exists only in the minds of defeated men, and I will never be one of them. Link to comment Share on other sites More sharing options...
TimS Posted June 28, 2019 Report Share Posted June 28, 2019 9 hours ago, The Zen Master said: It's a Walmart Country - they will make more profit selling cheap Chinese junk that is designed to wear out fast, so people buy another one rather than send something in for a repair. Except the post above yours points out that they, instead, are manufacturing another series in the US Show someone how to catch striped bass and they'll be ready to fish anywhere. Show someone where to go striped bass fishing and you'll have a desperate report chaser with loose lips. Link to comment Share on other sites More sharing options...
The Zen Master Posted June 28, 2019 Report Share Posted June 28, 2019 6 mins ago, TimS said: Except the post above yours points out that they, instead, are manufacturing another series in the US I am a natural born cynic for sure, sir. I do not trust anyone in PE or on Wall Street, period. Those who know, do not talk; those who talk, do not know. - Tao Te Ching 56 Defeat exists only in the minds of defeated men, and I will never be one of them. Link to comment Share on other sites More sharing options...
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