
The Orvis Company, Inc., has entered into a definitive agreement to acquire the Scientific Anglers and Ross Reels businesses from 3M (NYSE: MMM). Upon completion of the transaction, Orvis plans to continue to operate the Midland, MI based-businessindependently under the Scientific Anglers brand. Ross Reels will also continue to operate independently under its brand name from its Montrose, CO headquarters.
StreetInsider.com.