From the web;
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Diamondback was bought by Cortland Line Company several years back. Cortland did keep the Vermont operation going for several years and then they tried to move the factory to Cortland NY. When the move deal fell through, the Vermont factory closed and all the equipment was sent to New York, where it sat for a few years and then was purchased by Mike McFarland. It was really a shame to see Diamondback go down the tubes. Cortland still owns the Diamondback name and any rods sold under that name are being made in China. This also goes for the newer line of Diamondglass blanks, the blue ones, the blanks and components are being made in China, then shipped to the USA to be built out.
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I remember Diamondback rods being sold here in the UK in the early '80s by Sue Burgess, which was an ancestor company of Airflo, and the rods had a good name (unlike some of the other stuff SB sold

) I don't recall Diamondback being seriously marketed here since.