Heard a rumor that Savage sold to a private investment group. Anybody hear anything?
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February 4, 2012, 03:05 PM
Nothing here on Savage > http://www.shootingsportsretailer.com/index.php?option=com_content&task=blogcategory&id=2&Itemid=3
February 4, 2012, 06:12 PM
No, they didn't sell. Northwest Equity Partners just invested into Savage Sports Corp. The main objective, from what I gather, was to enhance Savages' growth ability. It's little known that Savage Sports Corp. also owns BowTech Archery! Investment Corporations such as this are commonplace in big business. They help the growth potential of businesses.
February 4, 2012, 06:14 PM
Norwest Equity Partners, a unit of Wells Fargo & Co's Wells Fargo Financial Inc subsidiary, acquired an undisclosed minority stake, in Savage Sports Corp, a Westfield-based manufacturer of sports and hunting rifles, in a privately negotiated transaction.…