Preston for sale 25 million

[joffmiester]

David Preston, the man behind Preston Innovations, is selling the business after 30 years of trading.

The Telford-based outfit is up for sale for a cool £25 million. Founded in 1984, the company originally specialised in making terminal tackle such as elastics and pole floats, but has grown to become one of the UK’s biggest fishing tackle companies, with brands that encompass pleasure fishing, match fishing, specimen fishing and carp fishing.

As well as the match/pleasure brand Preston Innovations the company is also responsible for Korum, Avid and Sonubaits, and each brand has become a household name in its respective field.

Company owner, David Preston told global trade magazine, Tackle Trade World: “My philosophy has always been to give anglers what they want: a quality brand at a good price. To achieve this we have, over the years, worked with leading world-class anglers to design and develop products that work for them and then make these available to the leisure angler.

“Within the business there is a strong operational team who are knowledgeable and respected; they understand the market and the demands of the angler. They also have the skills to develop additional innovative product lines.

“From my point of view, after 30 years in the industry, the point has come where the foundation is strong and now is the time to consider opportunities that will secure the future of the brands and take the business to the next level, through people who want to invest in our quality brands and who also have the vision and ideas and base to further expand both the business model and our international reach.”

[Dodge]

That is basic PR for a company that is in the sh!t .

[Sluicer]

I suspect Dodge could be right.

[swampy]

I would be gob smacked if Preston of all companies would be struggling! You would not believe the amount of Preston stuff fosters sells! Just hope they don't sell to sports direct!!!

[big_cup]

Cant see them being in the sh!t, most tackle shops are loaded to man balls with preston gear and the profit on all the items including the smallest of them is a frightening percentage

[sven]

I will buy it for 25 will be round in a jiffy

[joffmiester]

IT could just be a PR stunt once the news like this gets out every man and his dog go out and buy their favourite items this time of year is about as hard as you can get it