Confluence Watersports announced it has reached an initial agreement to acquire Whetstone Inc, a manufacturer of carbon fiber paddles designed for touring and whitewater use. Once acquired, Whetsone paddles, until now distributed directly, will be sold only through Confluence retailers and dealers and rebranded within the Confluence family. Whetsone owner William Carpenter will join the Confluence design team working on development and production of touring and whitewater paddles. The factory will remain in South Carolina for now, and no layoffs are planned, the company announced.
Confluence deal to acquire Whetstone falls apart
Confluence Watersports' deal to acquire Whetstone Inc., a manufacturer of carbon finger paddles designed for touring and whitewater, fell apart, barely more than a month after the initial agreement was announced. According to sources at Confluence, the deal had been tentatively ...read more