Rio Acquired by Sage Owners
The fly fishing industry seems to be finding more value in consolidation. The news release posted over on Moldy Chum says it all: “Far Bank Enterprises, a wholly owned subsidiary of the Joshua Green Corporation of Seattle, Washington, today announced that it has acquired RIO Products Intl. Inc. of Idaho Falls, Idaho. Sage Manufacturing and Redington are also owned and controlled by Far Bank.” Click the link at the bottom of the entry to read a letter from Rio’s founders, Jim and Kitty Vincent.