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.
Author:
Updated:
Original:

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.

Next Up

USPS packages

Two Ramsey County men sentenced in mail theft scheme

Sonny Vang Xiong was sentenced to three years in prison, while Davis Her was sentenced to six and a half years in prison.

Jeff Gladney

Jeff Gladney's ex-girlfriend files $1 million civil lawsuit

The civil lawsuit accuses Gladney of assaulting the woman for over two hours.

vaccine, covid

St. Paul care home group will mandate COVID vaccines for staff

It comes amid reports of COVID outbreaks at homes where residents are all vaccinated, but staff are not.

Jail handcuffs arrest

Starbuck man charged with uploading, sharing child pornography

The 47-year-old was arrested after a tip from the National Center of Missing and Exploited Children.

ambulance

Boy, 11, seriously injured after 'fall' that police now suspect was abuse

It was initially reported that the boy slipped and fell.

police lights

Investigation underway after body found during welfare check in Plato

The identity of the deceased has not yet been revealed.

Mayor Brad Wiersum

'Please, please, please get vaccinated,' Minnetonka mayor pleads

This comes as the local state of emergency officially ends.

YouTube - Jeopardy screengrab minneapolis

Can you answer all the Minneapolis questions from this week's 'Jeopardy?'

KARE personalities including Randy Shaver and Rena Sarigianopoulos presented the clues.

Pexels - woman shop mask covid CROP

35 counties, including most of Twin Cities, now COVID hotspots

The CDC recommends everyone wear a mask in public, indoor places in these counties.

covid, coronavirus

CDC document: Delta variant as contagious as chickenpox

Vaccines remain very effective at preventing severe illness from the delta variant, however.

Flickr - smoke McGregor minnesota wildfire July 29 2021 - Lorie Shaull

'Unprecedented': The wildfire smoke isn't going anywhere this weekend

The air quality alert that was supposed to end Friday is now in effect into early next week.

Related

USA Today says this MN lake is among the best in the U.S. to catch bass

The lake was given an honorable mention for being a smallmouth bass hotspot.

USA Today says this MN lake is among the best in the U.S. to catch bass

The lake was given an honorable mention for being a smallmouth bass hotspot.

Hiking instead of shopping? MN parks will be free again on Black Friday

The DNR wants you to show visitors from out of town the beauty of Minnesota's parks.

Hiking instead of shopping? MN parks will be free again on Black Friday

The DNR wants you to show visitors from out of town the beauty of Minnesota's parks.

Mille Lacs gets fishing mag's top honors for being all about that bass

Bassmaster Magazine raves about Mille Lacs' smallmouth bass.

Mille Lacs gets fishing mag's top honors for being all about that bass

Bassmaster Magazine raves about Mille Lacs' smallmouth bass.

FLickr - Cabela's - Peter Merholz

Cabela's offers $750 bonus for new employees at 2 MN stores

The new hires will have to remain in good standing for a few months though.