Abu Garcia Significant Years
1949 Åke Murvall is hired as production manager and chief designer and the first spinning reel made by ABU is presented on the market.
1952 A revolutionary casting reel under the name of Ambassadeur is presented.
1954 Lennart Borgström starts at ABU and Göte and Lennart visit USA for the first time.
1955 The Borgströms import the first small mouth bass to Sweden.
1956 Garcia becomes the exclusive ABU distributor for the US.
1957 Abumatic, the first close-face reel made outside the US, is presented.
1959 ABU and Garcia badged Admiral reels were made by Everol (Italy) for a short time.
1960 ABU 505, a completely new spinning reel without a bail is introduced.
1963 The first Japanese copies of the Ambassadeur show up.
1969 ABU acquires Haldex Taximeter Company in Halmstad.
1971 ABU buys the Addo-factory. (The Addo Company used to produce adding machines in that factory before the electronic revolution in that product area).
1974 Göte Borgström dies in May this year. ABU buys the Arjon Company.
1976 The majority of the ABU shares are sold to the Wallenberg Group’s Incentive AB.
1978 Garcia faces chapter 11 and Lennart Borgström moves to the US to try to save ABU’s most important market. At the end of that year ABU becomes the sole owner of Garcia, USA under the name of ABU Garcia, Inc.
1981 Lennart Borgström sells his remaining shares to Incentive and leaves the company to start his own business in the US.
1988 Incentive sells ABU Garcia to Aritmos
1994 Aritmos sells ABU Garcia to Proventus
1995 Proventus sells ABU Garcia to Pure Fishing.