Hardy & Greys, the fishing tackle company that goes back to 1872, is being sold by its owner, the Harris & Sheldon Group, a family-owned private investment group in the U.K. Grant Thornton, as business adviser, is looking for a buyer. Harris & Sheldon is trying to sell off all of its manufacturing businesses. Though Hardy & Greys has struggled for profits over the last few years, even laying off 19 workers last year, its commercial director, Ken Brewster, told Angling International magazine that the first half of 2012 was its most profitable period in five years. He also said that the company's probably growth markets are Germany, the U.S. and new European markets. The company plans to go forward with its previously announced plan to set up a subsidiary in France. No asking price has been established for Hardy & Greys, which comprises three brands: Hardy, Greys and Chub.

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