Firearms x Culture
On Monday, CSG offered to increase the purchase price and amend the merger price to $2.15 billion for the sale of Vista Outdoor’s ammunition business. This business includes names such as Federal, Speer, and Remington.
In a stunning deal, American outdoor conglomerate Vista Outdoor sold its ammunition companies to the privately owned CZ Group in a deal worth $1.91 billion. In the staggering deal, CZ group will be acquiring four factories and four consumer brands, which are Federal, Speer, CCI, Hevi-Shot, and Remington. Vista Outdoor is restructuring the company and shedding its shooting sports businesses. The morning for Vista was already turbulent on the NYSE when the company announced a cut in its sales forecast for the entire year; shares tumbled about 20%.
News|Industry News As, it seems ammunition prices seem to be stabilizing and ammunition shelves appear regularly stocked with ammo, we get hit with bad news from...
News|Industry News Vista Outdoors has many major outdoor brands under its umbrella that customers know and love. This has lead to the company announcing the launch...
News|Industry News A couple of week ago Vista Outdoors announced a price increase on ammunition and components beginning July 1st. Vista states that the price increase...
