Alvey Reels to close after 102 years in business
Australia’s best known fishing reels supplier, Alvey Reels, is set to cease manufacturing at the end of June and end more than a century in business.
The company, which was saved from closure by businessman Con Athans in 2017, has blamed the ability to source raw materials together with drastic cost increases, significant and increasing domestic and global supply chain issues and disruptive COVID 19 staff shortages for the decision.
In a statement on its Facebook page on Monday, the company said: “Alvey Reels has made the difficult decision that production at its Carole Park, Queensland facility is no longer sustainable and to cease manufacturing.
“We at Alvey deeply regret this difficult decision, and whilst we commit to supplying as many of our products as we can for as long as we can, our immediate priorities are our loyal staff, dedicated retailers and passionate supporters and customers. On behalf of the Alvey team, we thank you all for your 102 years of support.“
It added that it is currently sitting on significant supplies across its whole range of products and there will be a structured sale of all remaining stock. It anticipates running its warehouse and administration staff through to January/February next year, but will not remain open after this time. Effective immediately, the Alvey phones will be diverted to an answering service and all calls will be monitored and returned during each day.