L-R Alan Christopher, CFO marukyu Europe,Phillip Newcome, John Loftus and Nigel Harris
JAPANESE bait specialist Marukyu Europe Ltd, has made the acquisition of British-based carp specialist, Rig Marole. It is Marukyu Europe' s first acquisition since it was created in 2010.
Rigmarole is a British specialist in terminal tackle. It has been privately owned for 11 years. The deal to buy Rig Marole includes the retention of the services of former owner, Nigel Harris. The move further emphasizes 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 are delighted to have completed this deal. The acquisition of Rig Marole opens up new opportunities for both Marukyu and Rig Marole in Europe and beyond.
"Marukyu has made no secret of the fact that it was looking to expand its European operation and we see Rig Marole as a great fit. It is a firmly established brand with great potential. With investment and the continued drive and passion of Nigel, the brand has a huge future."
Nobuyoshi Okada, executive director at Marukyu Japan, adds: "Rig Marole is a relatively small but well-positioned name in the carp sector and it shows great potential. With on-going investment and Nigel's creative talent we see a great future with this brand." The ongoing commitment of Rig Marole's founder, Nigel Harris, is seen as integral to the business. Nigel said: "I am delighted to be able to join forces with Marukyu. The move opens up a lot of opportunities for both companies. Developing Rig Marole to the level it is today has been an enjoyable and challenging role. This move means that I will now be able to focus on the side of the business I love: product development and design which is what Rig Marole has become well known for. These are exciting times with the very experienced team and investment from Marukyu we shall be able to take Rig Marole to the next level.