Bowtech/Ross update - no buyout
08-27-2008 | 05:32 PM
#1
Thread Starter
Nontypical Buck
Joined: Oct 2003
Posts: 3,784
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From: Pittsburgh, PA
Bowtech/Ross update - no buyout
It looks like things fell through on the Bowtech/Ross deal. There is an official update on Bowtech's website : http://www.bowtecharchery.com/blog/2008/08/26/clarification-to-ross-news-release-dated-july-19-2008/
Eugene, OR (August 26, 2008)
Contrary to our prior announcement, BowTech was unable to consummate a proposed asset purchase agreement with Ross Archery, Inc. BowTech has not purchased or acquired any Ross Archery, Inc. product designs, equipment or inventories. BowTech has not assumed any of Ross Archery, Inc.’s liabilities.
However, BowTech is pleased to confirm that Andy Ross, the founder of Ross Archery, is assisting BowTech in the promotion of a new line of bows designed and produced by BowTech. BowTech’s R&D team has designed the new line of bows to feature the benefits of solid reliability and extreme accuracy; qualities that translate to immediate gratification for the demands of today’s passionate bowhunter.
BowTech manufactures and distributes the world’s finest compound bows and archery equipment. Founded in 1999, BowTech’s corporate offices and manufacturing facilities are located in Eugene, Oregon. With a worldwide distribution network, BowTech’s family of brands include: BowTech, Diamond and Ross compound bows, Octane archery accessories, Stryker crossbows, Airow Gun and WaterDog Surface Technologies. BowTech is a wholly owned subsidiary of Savage Sports Corporation, located in Westfield. MA. Savage brands include Savage Arms, Stevens, Fox, Savage (Canada), Savage Range Systems and PortaTarget.
© 2008 BowTech
Contrary to our prior announcement, BowTech was unable to consummate a proposed asset purchase agreement with Ross Archery, Inc. BowTech has not purchased or acquired any Ross Archery, Inc. product designs, equipment or inventories. BowTech has not assumed any of Ross Archery, Inc.’s liabilities.
However, BowTech is pleased to confirm that Andy Ross, the founder of Ross Archery, is assisting BowTech in the promotion of a new line of bows designed and produced by BowTech. BowTech’s R&D team has designed the new line of bows to feature the benefits of solid reliability and extreme accuracy; qualities that translate to immediate gratification for the demands of today’s passionate bowhunter.
BowTech manufactures and distributes the world’s finest compound bows and archery equipment. Founded in 1999, BowTech’s corporate offices and manufacturing facilities are located in Eugene, Oregon. With a worldwide distribution network, BowTech’s family of brands include: BowTech, Diamond and Ross compound bows, Octane archery accessories, Stryker crossbows, Airow Gun and WaterDog Surface Technologies. BowTech is a wholly owned subsidiary of Savage Sports Corporation, located in Westfield. MA. Savage brands include Savage Arms, Stevens, Fox, Savage (Canada), Savage Range Systems and PortaTarget.
© 2008 BowTech
08-27-2008 | 05:54 PM
#3
Typical Buck
Joined: Sep 2006
Posts: 561
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From: Col. Oh.
RE: Bowtech/Ross update - no buyout
There is a new ross hanging in the shop where I bought my bow. I was told that Bowtech bought the Ross name but the Cams and risers were owned and designed by G5. Bowtech didn't find that out until after the sale.
08-27-2008 | 06:00 PM
#4
Senior Member
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RE: Bowtech/Ross update - no buyout
ORIGINAL: standsleeper
Bowtech didn't find that out until after the sale.
Bowtech didn't find that out until after the sale.
...they might consider new management. lol
08-27-2008 | 07:51 PM
#7
Boone & Crockett
Joined: Feb 2003
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RE: Bowtech/Ross update - no buyout
Yes, read it again. Bowtech is producing Ross bows. They just didn't purchase any of the "mess" that was the Ross and G5 fiasco. It is an entirely new line of "Ross" bows that aren't based on any of the old Ross / G5designs, patentsor bows.
08-27-2008 | 07:54 PM
#8
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From:
RE: Bowtech/Ross update - no buyout
So Ross just jumped ship away and left the other company to sink. Cant say I blame them with that huge G5 ordeal.
Be interesting on the new line of bows and how they are marketed against the diamond line.
Be interesting on the new line of bows and how they are marketed against the diamond line.
08-27-2008 | 08:35 PM
#10
Giant Nontypical
Joined: Feb 2003
Posts: 6,634
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From: HENDERSON KY USA
RE: Bowtech/Ross update - no buyout
ORIGINAL: Buellhunter
I have already sold 4 new 2009 Ross bows that were made by Bowtech
Pretty sure the "deal" went thru
I have already sold 4 new 2009 Ross bows that were made by Bowtech
Pretty sure the "deal" went thru
Just read this sentence.Pretty sure they have Ross in there.
BowTech’s family of brands include: BowTech, Diamond and Ross compound bows, Octane archery accessories, Stryker crossbows, Airow Gun and WaterDog Surface Technologies.