From AFFTA:
Greenfield, MA – April 5, 2011. Chief Executive Officer of Thomas & Thomas Rodmakers Inc., Gerry Metcalfe, today announced the sale of all company assets.
The Thomas & Thomas brand, machinery, inventory and all other assets were sold to Islamorada, FL based fly fisherman Mark Richens. Concurrent to the asset purchase, Richens also agreed a deal to buy the Thomas & Thomas rod making facility in Greenfield, MA from Lon Deckard of Osprey, FL. The financial details of both transactions were undisclosed.
Metcalfe explained. “The Thomas & Thomas brand is under new ownership. This brings to a conclusion the events of recent years that have troubled Thomas & Thomas Rodmakers. Despite my best efforts, issues arising from the withdrawal of bank funding following the financial crisis of 2007 and 2008 have proven insurmountable. The team at T&T produced fly rods of the highest quality throughout difficult circumstances and I wish to take this opportunity to thank them for their hard work and… Continue reading over at affta.com
