Rapala Buys Strikemaster & Mora

  • In-Depth Webstaff
    Keymaster
    Posts: 2756
    #1275728

    StrikeMaster Ice Augers and Mora ICE™ join Rapala Family of Brands.

    The sound you are hearing is ice growing… not to mention the ice fishing marketplace expanding. That other sound, the musical-machine clearing a path to the underside of the ice? That’s a StrikeMaster auger – a brand that has been finding passageways to frozen fish since the end of World War II.

    Bolstering its already solid ice fishing selection, Rapala VMC Corporation (Rapala) announces it has acquired the assets of Minnesota-based StrikeMaster Corporation, the leading supplier of ice augers in the United States. In a symmetrical maneuver, Rapala also acquired the Mora ICE brand – Europe’s preeminent name in ice augers and cutting blades – from Mora of Sweden AB (Mora, Sweden).

    “We have jumped into the winter business with both boots!” exclaimed Tom Mackin, President of Rapala USA. Now we have the ability to reach anglers during all seasons. Our new ice fishing lineup is quite extensive with tackle and accessories, augers, electronics and more. These acquisitions are directly in-line with our core competencies and a perfect fit to the Rapala family of brands,” said Mackin.

    “Rapala’s acquisitions of StrikeMaster and Mora ICE unite the brands that have, and continue to set the worldwide standards for premium ice augers and accessories,” said Randy Havel, Executive Vice President of StrikeMaster Corporation. “We are thrilled that StrikeMaster will be joining Rapala’s family of best-in-category brands.”

    “Mora of Sweden is Europe’s premier auger manufacturing under the famous Mora and Mora ICE brands,” said Fredrik Skarp, Managing Director of Mora of Sweden AB. “This strategic partnership with Rapala further secures that position for the Mora ICE brand, and promises to consumers that they’ll continue purchasing the most advanced ice augers on the market.”

    StrikeMaster was the first to introduce the world-class MORA hand auger to North America back in 1946. Since then, StrikeMaster has been on the forefront of modernizing ice fishing. They were the first to introduce emission-free electric ice augers and fuel-friendly 4-stroke gas augers with the Strike-Lite, which by no accident is equipped with a patented composite drill made by Mora of Sweden.

    This major announcement follows word of Rapala USA’s exclusive sales, marketing and distribution agreement with MarCum Technologies (Minneapolis, Minn.). MarCum is the fastest growing, most progressive manufacturer of ice fishing sonar and underwater camera products. The MarCum LX-7, released in the fall of 2011, completely rewrote the book on ice fishing sonar. MarCum is also North America’s number one selling underwater camera.

    Combined, these strategic initiatives give Rapala the global leadership position in the ice-fishing category. Anglers, get ready to start your ice auger engines…
     
    “Rapala’s acquisitions of StrikeMaster and Mora ICE unite the brands that have, and continue to set the worldwide standards for premium ice augers and accessories,” said Randy Havel, Executive Vice President of StrikeMaster Corporation. “We are thrilled that StrikeMaster will be joining Rapala’s family of best-in-category brands.”

    “Mora of Sweden is Europe’s premier auger manufacturing under the famous Mora and Mora ICE brands,” said Fredrik Skarp, Managing Director of Mora of Sweden AB. “This strategic partnership with Rapala further secures that position for the Mora ICE brand, and promises to consumers that they’ll continue purchasing the most advanced ice augers on the market.”

    StrikeMaster was the first to introduce the world-class MORA hand auger to North America back in 1946. Since then, StrikeMaster has been on the forefront of modernizing ice fishing. They were the first to introduce emission-free electric ice augers and fuel-friendly 4-stroke gas augers with the Strike-Lite, which by no accident is equipped with a patented composite drill made by Mora of Sweden.

    This major announcement follows word of Rapala USA’s exclusive sales, marketing and distribution agreement with MarCum Technologies (Minneapolis, Minn.). MarCum is the fastest growing, most progressive manufacturer of ice fishing sonar and underwater camera products. The MarCum LX-7, released in the fall of 2011, completely rewrote the book on ice fishing sonar. MarCum is also North America’s number one selling underwater camera.
    Combined, these strategic initiatives give Rapala the global leadership position in the ice-fishing category. Anglers, get ready to start your ice auger engines…

    About Mora of Sweden

    Mora of Sweden AB is a merger between two classic knife companies from Mora, Sweden – KJ Eriksson and Frost’s Knife factory – founded in 1912 and 1891 respectively. By the merger 2005 and changing the name to Mora of Sweden, the already existing strong association was strengthened nationally and internationally. Mora of Sweden supplies professionals with premium quality cutting tools as knives, ice augers and ice auger cutting blades.

    About StrikeMaster

    The year was 1946. The boys were home from war and America needed a breather. The woods and waters provided the perfect escape. A number of manufacturers sprang up to satisfy this desire to be outdoors. StrikeMaster was one of the first. And some 60 years later, StrikeMaster continues to outfit ice anglers with innovative, high performance ice fishing tools.

    About Rapala

    Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the global market leader in fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories and it is one of the leading distributors of outdoor, hunting and winter sport products in the Nordic countries. The Group has the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia, China, Indonesia and the UK. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Marttiini and Peltonen. The Group, with net sales of $371 million USD in 2011, employs some 2 000 people in 37 countries. Rapala’s share is listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998.

    out_fishing
    Moorhead, MN
    Posts: 1151
    #1037251

    Geez Rapala is taking over the world!

    blufloyd
    Posts: 698
    #1037252

    Well I heard it was for sale but I couldn’t fnd money guys…
    Better hope next year makes more ice…

    DAN J
    Posts: 127
    #1037319

    LX-7 4 stroke with built in camera so you can see the fish before you drill your hole

    Randy Wieland
    Lebanon. WI
    Posts: 13467
    #1037393

    I had thought that Rapalas gross sales would have been much less per employee. Interesting to read the financial info they included.(Euro) $279,000,000.00 in sales for 2000 employees in 37 countries. Approx (Euro) $139,500. in sales per employee. That’s $185,186.250 in US dollars with this mornings exchange rate. That is a lot of shad-raps!

    scottie56005
    Posts: 236
    #1037400

    You are not kidding! Sounds like they spent sent some good money to buy up Strikemaster…..but to them it is a drop in the bucket. Amazing that they are an annual 3 billion dollar company.

    crappiechaser
    Clear Lake WI
    Posts: 431
    #1037513

    i wonder how thats gonna work out for prostaffers who have a relationship with vexilar . SM and vexilar are partners in allot of stuff i wonder if rapala being a main marketing source for marcum if thats gonna cause conflict for vexilar ???? hmmm

    Randy Wieland
    Lebanon. WI
    Posts: 13467
    #1037528

    Quote:


    i wonder how thats gonna work out for prostaffers who have a relationship with vexilar . SM and vexilar are partners in allot of stuff i wonder if rapala being a main marketing source for marcum if thats gonna cause conflict for vexilar ???? hmmm



    How is your contract worded for Strikemaster in relationship to Vexilar? If there isn’t anything specific, your good until the next contract. Then its a matter of whom you sign with. If Rapala is signing pro-staffers as an umbrella to their portfolio of products, looks like it will be Rapala/ Marcum/Strikemaster….. If those companies are in a position to market themselves independently, then your able to pick/choose. A lot of companies have been much more selective over their prostaff positions and outsourcing that to their distributors. It will be interesting to see what direction Rapala goes in over the next year or two.
    But, I do see your concern in this. I had to decline 2 different companies that I would have loved to be associated with. Ultimately, between buy-outs, mergers, and changes in distribution I had to make changes because of conflicting interests. Part of life I guess….

    mower
    Wisconsin, Outagamie
    Posts: 515
    #1037905

    Does this mean parts and shipping getts cheaper?

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