Savage Sports Buys Out Bowtech Archery
October 15th, 2007 David King - King's Outdoor World
What do you get when you combine the largest bow company in the world (Bowtech Archery) and the largest rifle manufacturer in the country (Savage Sports Corporation)? One big company that is going to be a force to be reckoned with in the hunting/shooting/archery/outdoor industry.
Read below for the full press release:
SAVAGE SPORTS CORPORATION ACQUIRES BOWTECH ARCHERY
Savage Sports Corporation, with corporate offices in Westfield Massachusetts and BowTech, located in Eugene, Oregon are pleased to announce the completion of a landmark agreement whereby Savage acquired BowTech so that the combined resources and strength of the two well-established industry leaders can be concentrated to become a major force for growth within the shooting/hunting/outdoor industry. BowTech’s family of brands will continue to be promoted and marketed independently as a wholly owned subsidiary of Savage Sports Corp.
“We are impressed with BowTech’s vision and astonishing success in the archery industry and are thrilled to have them as part of the Savage family. We are looking forward to having the employees from BowTech and its sister divisions join us,” stated Ron Coburn, Chairman and CEO of Savage Sports. “Their growth record and solid values are a great fit with our existing business and management culture.”
Eugene, Oregon will remain BowTech’s headquarters and the existing management team will continue to guide the business as it has since inception. “We recognize that BowTech has a very successful business plan in place and we intend on keeping the winning formula intact” added Coburn.
Announcing the agreement, President, CEO and Founder of BowTech, John Strasheim stated, “This is an exciting time for BowTech; our incredible growth, the launch of our new 2008 lineup, coupled with the many opportunities created by this strong partnership with Savage, who knows where BowTech will venture next - the possibilities are endless.” In addition to his other duties, Strasheim will serve on the Savage board.
Savage Sports Corporation is a privately held company and consisted of 3 (Savage) divisions:
Savage Arms is a leading manufacturer of center-fire rifles, located in Westfield, MA.
Savage (Canada) manufactures rim-fire rifles in Lakefield, Ontario, Canada.
Savage Range Systems/PortaTarget, also based in Westfield MA, manufactures indoor and outdoor shooting ranges, target systems and shoot houses.Other corporate brand names include:
Stevens. Manufacturer of center-fire and rim-fire rifles and shotguns for the budget-conscious consumer.
Fox. A high quality brand of American-made shotguns.
Snail. Environmentally friendly and patent protected indoor shooting range technology.Savage is the largest rifle manufacturer in the US.
BowTech, the largest bow company in the world, manufactures and distributes the industry’s finest compound bows and archery equipment. Founded in 1999, BowTech’s corporate offices and manufacturing facilities are located on the outskirts of Eugene, Oregon. BowTech divisions include BowTech and Diamond Archery, Stryker Crossbows and WaterDog Surface Technologies with a worldwide dealer and distributor network.
The combination of Savage and BowTech will give the corporation superior products in all of the hunting/competition/recreational and police markets, which includes compound/crossbow archery and accessories, black powder/smokeless muzzleloaders, rim-fire rifles, center-fire rifles, shotguns, indoor/outdoor ranges and accessories, fixed and moving target systems and tactical shoot houses.
For more information on the full line of Savage firearms, go to: savagearms.com
For information on BowTech products, go to: BowTechArchery.com or Diamondarchery.com
Entry Filed under: News and Stuff
11 Comments Add your own
1. Trent | October 16th, 2007 at 9:56 am
is this really true?
2. WAYNE KRATOCHVIL | October 18th, 2007 at 7:32 am
YES! THIS IS TRUE.
3. Chad | October 19th, 2007 at 6:13 pm
Does anyone have any thoughts on how this will affect Bowtech and Bowtech bows in the coming years?
It will be very interesting to see how Savage and Bowtech make the most of this aquistion.
Chad from A1-hunting.
4. Doc | October 19th, 2007 at 7:07 pm
I’m sure that this is a financial partnership and not an engineering venture. they will probably still turn out the same great product.
5. Mistrhuntr | October 19th, 2007 at 9:34 pm
By what measureing stick are they coming to the statement that Bowtech is the largest manufacture in the world? Even with adding in Diamond bow sales…. Who do they think they are kidding? More than PSE, Hoyt, Mathews, Bear….? I don’t think so.
6. HippoBalls | October 20th, 2007 at 10:04 pm
Is bowtech really the biggest?
I dont think so!
7. sawyer | October 23rd, 2007 at 10:49 am
Is bowtech going to change there name?
8. Vichris | October 24th, 2007 at 7:15 am
Not sure about Bowtech being the largest mfg of archery, but I know Savage is nowhere near as big as Remington, Ruger, Browning, Berretta and several others
9. RICH HOWELL | November 7th, 2007 at 3:08 pm
ALTHOUGH I DON’T CURRENTLY HAVE THE FUNDS , I WAS
INTERESTED IN PURCHASING A BOWTECH TOMKAT, IS THIS MOVE GOING TO AFFECT THE QUALITY OF THE BOWTECH
PRODUCTS!!
10. CAROS | December 22nd, 2007 at 11:16 am
no! that wont affect anything, a tomkat is a great bow to buy, you wont be disapointed. savage arms/bowtech are going forward like always, stronger everytime.
11. azhunter | February 17th, 2009 at 10:39 am
Bowtech is very sound as is savage arms. Ishoot a tomkat and have not had a single problem with it. I shoot and hunt with it all the time. Its a great bow for the money and you can always upgrade accessories if you want.
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