Vista Outdoors ammo business sold to Czech compay

[oldag]

https://www.bicycleretailer.com/ind...rs-sells-ammunition-business-191-billion-deal

Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group a.s. ("CSG"). CSG is acquiring four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington and Speer.

 

[oldag]

https://www.bicycleretailer.com/ind...rs-sells-ammunition-business-191-billion-deal

Vista Outdoor, which is planning on spinning off its outdoor sports business unit into a separate company this year, will sell off its shooting sports businesses first in a $1.91 billion deal with Czechoslovak Group a.s. ("CSG"). CSG is acquiring four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington and Speer.

 

[ZX9RCAM]

Duplicate thread.

 

[Texasjack]

Czechoslovak Group bought Vista on October 1, so they now control Remington Ammo, Federal, CCI, Fiocchi, Speer, Weaver, Simmons, Bushnell, Butler Creek, Outers, RCBS, Tasco, Uncle Mike's, M-Pro 7, Primos, Hoppes, and more.

Makes me wonder if there are any American companies still operating.

 

[Lonesome Dove]

Czechoslovak Group bought Vista on October 1, so they now control Remington Ammo, Federal, CCI, Fiocchi, Speer, Weaver, Simmons, Bushnell, Butler Creek, Outers, RCBS, Tasco, Uncle Mike's, M-Pro 7, Primos, Hoppes, and more.

Makes me wonder if there are any American companies still operating.

Very few.
We are selling out our land, businesses and our souls.

 

[benenglish]

If we're going to lose iconic brands to foreign interests, the Czechs are about the best place for them to go. When it comes to understanding the importance of gun rights, the Czechs (these days, maybe the Ukrainians) probably have a better grasp on wisdom than anyone else in Europe.

 

[Sam Colt]

Substance over sensation:

It's just the ammo and powder manufacturing.
Alliant, Estate, Federal, Speer, Remington, CCI, Federal, and Hevi-Shot.

RCBS and the trash holsters, scopes, and camping gear are staying.

Brands – Vista Outdoor

vistaoutdoor.com

Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion

Sale aligns with previous plan to separate the company and creates two separate highly focused businesses Transaction valued at approximately 5x enterprise value to Sporting Products Fiscal Year 2024 EBITDA, including estimated standalone costs Outdoor Products, recently rebranded as Revelyst...

news.vistaoutdoor.com

 

[benenglish]

Duplicate thread.

Redundant threads merged.

 

[oldag]

Redundant threads merged.

No idea why it posted twice. I only entered one new thread.

 

[OldPhart]

Very few.
We are selling out our land, businesses and our souls.

Yes indeed.....Check out the song "We Can't Make It Hear Anymore" by James McMurtry

 

[oldag]

The potential sale of an American ammunition maker to a Czech arms company is drawing scrutiny from some lawmakers, highlighting concern about foreign ownership in a key industry in the midst of global arms shortages sparked by the continuing wars in Ukraine and Gaza.

Opponents of the deal, including former Secretary of State Mike Pompeo and Sen. J.D. Vance (R., Ohio), an ally of former President Donald Trump, have alleged CSG links to China and Russia and urged the Treasury Department to block the sale through the Committee on Foreign Investment in the U.S., or Cfius, which is reviewing the purchase.

They have said that the CSG deal would give the foreign company a grip on domestic small-arms ammunition supply. Vista is entertaining a rival bid from a Texas investment group.