The sale of American companies to overseas firms touches the fishing industry.
Finnish-based Rapala Lures is acquiring Tulsa, Oklahoma-based Terminator Lures and will move production to Mexico and close the Tulsa offices and warehouse space.
Read the entire Tulsa World News story at
Editor’s Note: I’ve always been a fan of the Terminator product line, but in light of the Oklahoma job eliminations, I may find myself hard-pressed to support the brand in the future. If it’s cheaper to make them in Mexico, are they going to lower the price?