Vista Outdoor Announces Closing of the Acquisition of Remington Outdoor Company’s Ammunition and Accessories Assets | News

ANOKA, Minn., Oct. 13, 2020 /PRNewswire/ — Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, today announced the successful closing of the acquisition of certain assets related to Remington Outdoor Company’s ammunition and accessories businesses, and related intellectual property for a gross purchase price of $81.4 million.  Vista Outdoor expects the transaction to be accretive to earnings, excluding transaction and transition costs, in Fiscal Year 2022. For calendar year 2019, aggregate net sales by the Remington ammunition and accessories brands were approximately $200 million.

Chris Metz, Chief Executive Officer, said, “The migration back to nature and into the outdoors is the future. The combination of beloved ammunition brands created by this transaction will benefit shooting sports enthusiasts, outdoor recreation retailers and Vista Outdoor for many years to come. We look forward to welcoming the

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Vista Outdoor Announces Closing of the Acquisition of Remington Outdoor Company’s Ammunition and Accessories Assets

ANOKA, Minn., Oct. 13, 2020 /PRNewswire/ — Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, today announced the successful closing of the acquisition of certain assets related to Remington Outdoor Company’s ammunition and accessories businesses, and related intellectual property for a gross purchase price of $81.4 million.  Vista Outdoor expects the transaction to be accretive to earnings, excluding transaction and transition costs, in Fiscal Year 2022. For calendar year 2019, aggregate net sales by the Remington ammunition and accessories brands were approximately $200 million.

Chris Metz, Chief Executive Officer, said, “The migration back to nature and into the outdoors is the future. The combination of beloved ammunition brands created by this transaction will benefit shooting sports enthusiasts, outdoor recreation retailers and Vista Outdoor for many years to come. We look forward to welcoming the

Read More