Gander Mountain Company, the nation's largest retail network of stores for hunting, fishing, camping, boating, marine, and outdoor lifestyle products and services, along with Reeds Family Outdoor Outfitters, a well known regional outdoor retailer based in Walker, Minnesota, announced that Gander Mountain will acquire the inventory and certain assets of the Reeds Outdoor Super Store located in Baxter, Minnesota.
The closing of the transaction is expected to occur in September 2007. As a part of the agreement, Reeds will no longer have a presence in Baxter, but will continue to operate its store in Walker, Minnesota, its on-line store, catalog businesses and other retail locations in the future.
"Gander Mountain opened our Baxter store in 2005, and while we have been pleased with the business, we believe the Brainerd Lakes area could be better served by one store with the quantity and quality of service and inventory that our store and the Reeds store are both offering," said Mark Baker, Gander Mountain president and CEO.
"It makes sense for both companies and will be good for outdoor enthusiasts. We have great respect for Reeds as good competitors and we wish the Arnold family all the best in Walker and wherever they do business in the future."
Between now and September, Reeds and Gander Mountain will continue customary daily operations in their respective Baxter locations. Gander Mountain and Reeds will integrate the Reeds Baxter store inventory into Gander Mountain's Baxter store.
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