• Fly Fishing Shaken Up; Orvis Acquires Corporations from Struggling 3M

    In the congenial world of fly fishing, very little changes.


    But recently, the placid corporate environment of fishing equipment was shaken up, as privately held The Orvis Company Inc. from Manchester, Vermont announced it will acquire two corporations, Scientific Anglers and Ross Reels, from 3M Company (NYSE/MMM).


    Both businesses will operate separately from the main Orvis business. They must not have been large enough to be meaningful to 3Mís earnings results.


    Apparently, as a corporation, Orvis is the longest-running mail-order business in the United States. Not only does the company sell good fly fishing equipment, but it also sells clothing, home furnishings, gifts, and even products for your dog.
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