Major outdoor-sports merger: Bass Pro Shops buys Cabela's - Bring Me The News

Major outdoor-sports merger: Bass Pro Shops buys Cabela's

Two of the biggest names in outdoor-sports and apparel are joining forces. Bass Pro Shops has agreed to purchase Cabela's for $5.5 billion.
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It looks like a couple of the biggest names in outdoor sports will be joining forces. Bass Pro Shops has struck a deal to acquire Cabela's Inc. for $5.5 billion.

The Wall Street Journal reports the merger would create a national chain with more than 180 locations and roughly 40,000 workers.

Cabela's has four locations in Minnesota – Woodbury, Rogers, Owatonna and East Grand Forks. While the nearest Bass Pro Shop locations are in Altoona and Council Bluffs, Iowa.

"This merger of resources, experience and passion for the outdoors represents a unique opportunity for both organizations and their respective team members," said Bass Pro Shops CEO Johnny Morris in an open letter Monday.

According to the letter, Morris said the plan is to continue to grow both brands.

"For many years I have believed there is a remarkable strategic fit between our companies. The prospect of bringing together our time-tested, iconic outdoor brands: Cabela's – a leader in hunting, Bass Pro Shops – a leader in fishing, and White River Marine Group – a worldwide leader in boating, is very exciting."

The Associated Press notes the deal does create some uncertainty about jobs in Cabela's home state of Nebraska, but it's not clear how many jobs may be affected.

It seems there won't be many changes for customers to notice. Morris' letter says it will be, "business as usual" at Bass Pro Shops and Cabela's locations and there will be "no immediate impact" to the stores.

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