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Thread: Solar Tackle sold??

  1. #1
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    Default Solar Tackle sold??

    To Marukyu (?) apparently, anyone got any details?

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    He will be able to spend even more time at rainbow now.

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    Elite (Silver) carpe1carpe's Avatar
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    Best of luck to lockey. He's worked hard in the industry for years. I hear they are keeping all the staff including lockey. Give him more time to use that inventive mind of his
    Finely tuned tackle

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    I would of thought the likes of jag and mps would of hit solar realy hard as they are now playing second fiddle to those two where as a few years ago they were number 1.

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    Elite (Gold) JSlinn's Avatar
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    That's cool hope he is rewarded well for it, good to hear the company/staff and being retained.

  6. #6
    Elite (Silver) carpe1carpe's Avatar
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    This is the statement


    Japanese bait specialist Marukyu, through its subsidiary Marukyu Europe Ltd, has made the acquisition of British-based carp specialist firm Solar Tackle, for an undisclosed fee.

    It is Marukyu Europe’s first acquisition since it was created in 2010. Solar Tackle, the specialist in carp baits, stainless steel, bite indicators and terminal tackle, has been privately owned for 27 years.

    The deal to buy Solar Tackle includes retaining the firm’s employees, specialist UK manufacturing and the ongoing commitment of its founder, Martin Locke.

    Dealers will not notice any changes in what is anticipated will be a seamless transition; they will deal with Martin and his colleagues on a daily basis and Solar’s unique British products will continue to be made there. The Solar brand will continue to function as it has – but with even more efficiency.

    The move further emphasises Marukyu’s ongoing commitment to the European market and opens up new avenues for Marukyu on a global scale.

    John Loftus, chairman of Marukyu Europe, said: “We’re delighted to have completed this deal. The acquisition of Solar Tackle opens up new opportunities for both Marukyu and Solar Tackle in Europe and beyond.

    “Marukyu has made no secret of the fact that it was looking to expand its European operation, and Solar is a perfect fit for us.

    “Solar Tackle is an established name in the trade and a strong player in Europe. We are pleased to announce that this deal includes the services of Solar’s founder, Martin Locke, whom we welcome on board with open arms.”

    Nobuyoshi Okada, executive director at Marukyu Japan, added: “Solar Tackle is a long-standing name in the carp sector. The high-quality brand is well known and respected throughout Europe and this is something that attracted us to the company.”

    The ongoing commitment of Solar Tackle’s founder, Martin Locke, is integral to the deal, as is the company’s base, in Kent.

    Martin revealed: “I’m delighted to be able to join forces with Marukyu. The move opens up a lot of opportunities for both companies.

    “Carp fishing is growing at such a rate that going into partnership with Marukyu, a company with great integrity, is a huge step forward for us. With its backing, Solar will at long last be able to realise the huge potential that I have long since known the brand is capable of.

    “Far more of my time can once again be dedicated to product development, which is what built up the Solar brand to the stage that we’re at now. We have numerous ideas in the pipeline and, with the freedom to concentrate on these, you can expect plenty of exciting new goodies from the Solar stable for the next 27 years.”
    Finely tuned tackle

  7. #7
    Frequent User Nik Nak's Avatar
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    Good Luck Lockey,

    After years of graft its ideal to be able to sell up but still keep an interest in the business he built.

    Think it could also be a good thing for Solar as a brand.

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    The staff have to be retained.

    Lockey deserves a medal. What a great bloke. Good luck to him.

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    Elite (Gold) kapscarper's Avatar
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    Turns out Solar hasn't been sold and isn't going to be. Solar pulled out at the last minute. Marayku are in 2 million pounds worth of debt and was trying to buy solar to sell the assets to pay their own debts off. Good job it never happened as it wouldve finished solar
    Edited for the sensitive prissy meow meows we entertain

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    Frequent User Hairtrigger's Avatar
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    hmmm, someone get on to marayku and talk em in to buyin korda then!!

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    Quote Originally Posted by kapscarper View Post
    Marayku are in 2 million pounds worth of debt and was trying to buy solar to sell the assets to pay their own debts off.
    Fook me but that sounds nasty!

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    Quote Originally Posted by kapscarper View Post
    Turns out Solar hasn't been sold and isn't going to be. Solar pulled out at the last minute. Marayku are in 2 million pounds worth of debt and was trying to buy solar to sell the assets to pay their own debts off. Good job it never happened as it wouldve finished solar
    Where did you hear that Kaps?
    Partridge of Redditch - the DNA of hooks!

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    Elite (Gold) kapscarper's Avatar
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    Can't say who at the moment but lockey will be issuing an official statement to the rags shortly. Good news that solar is staying as solar
    Edited for the sensitive prissy meow meows we entertain

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    Quote Originally Posted by kapscarper View Post
    Turns out Solar hasn't been sold and isn't going to be. Solar pulled out at the last minute. Marayku are in 2 million pounds worth of debt and was trying to buy solar to sell the assets to pay their own debts off. Good job it never happened as it wouldve finished solar
    Looks like Marayku are still going strong Kaps???
    Partridge of Redditch - the DNA of hooks!

  15. #15
    Elite (Gold) kapscarper's Avatar
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    Yeah so it seems. Nice to see solar are still solar as well
    Edited for the sensitive prissy meow meows we entertain

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    Quote Originally Posted by kapscarper View Post
    Marayku are in 2 million pounds worth of debt
    Debt is not a bad thing. Plenty of companies are in debt, doesn’t mean they’re unsuccessful or failed in any way. In fact, debt is an integral part of many companies financial strategy.

    Asset striping is a totally different thing though
    Born to fish, forced to work

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