Rapala VMC Corp. has agreed to acquire a 49 percent interest in DQC International Corp., known also as 13 Fishing, in exchange for at least $3.1 million in cash and 225,000 treasury shares in Rapala. The cash payment can be raised to a maximum of $5 million based on an earn-out provision. DQC made a 3.4 percent Ebitda margin on net sales of $23.5 million in 2018. Based in Florida, 13 Fishing produces mainly fishing rods and reels, but sells other types of fishing tackle as well.

Topics