Originally Posted by
canyongear
Hey Guys,
New here! great stuff..I have a question about the Murray LNG..i have a couple with electronics in them and a couple that allow a glow stick..any thoughts on the success or differentiation on the two..history thereof..etc.
Deep C, for what its worth I tried to buy what was left of Murray Brothers from Mundt. After weeks of due diligence and negotiating we reached a price and a deal..at the last minute he changed the deal to be able to wring out the last dollars of value out of Murray Brothers..he rented the entire customer list to several large tackle companies..whom I will not mention..but you can imagine johnny morris who?..Mundt then dropped the price further to make the balance of the assets saleable. I can tell you this...he was hellbent on ruining the company when he decided to pull the plug on it..if it would not work for him/son/daughter in law..nobody was going to get it in any fashion to keep it as a going concern.
It broke my heart to see this company go by the way of a papersalesman dodo..Mundt was in the paper business before he got his buyout packie. Doen't make him a bad guy, but paper ain't fishin or the tackle biz no matter whose toilet paper your using.
The end result...we dropped the deal and left Mundt with the wreckage. He sold the company the name and trademarks to Ira Trocki the nip tuck guy from Jersey..who picked up alot of good names at firesale prices..Murray/Buddy Davis/Egg Harbor etc..and is building something under those names..haven't really seen the new stuff..anyways the catalogue business still thrives with websites and the new breed took over the Murray business..ie: Finest Kind/Melton/J&M and the myriad of smaller companies im sure all got a piece of the pie that Murray had. I often wondered why Ed Murray et al, just didn't buy the name and marks back..altho I understand there was a pretty good rift between he and Mundt...
A shame..a la Fin-Nor and its last owners..another Cape Fearful tragedy.
LinkBack URL
About LinkBacks
Reply With Quote
