Maker of CCI, Federal, HEVI-Shot, Remington and Speer Bought by Czech Company

Sanders · 10-17-2023, 08:46 AM

Foreigners owning a majority of the US ammunition manufacturing is not a good thing. Even if the foreigners are more pro-gun than most.

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The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor’s Sporting Products Business for $1.91 Billion

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Current CEO Jason Vanderbrink Will Continue to Lead the Sporting Products Business and the U.S. Headquarters Will Remain in Anoka, Minnesota

Represents Largest Acquisition in the History of Czech Defense Industry

The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs. CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years.

Headquartered in Anoka, Minnesota, Vista Outdoor’s Sporting Products business is a leading ammunition manufacturer in the U.S. commercial and law enforcement markets. It employs approximately 4,000 employees across its four U.S. factories and owns leading ammunition brands including CCI, Federal, HEVI-Shot, Remington and Speer.

CSG, based in Prague, Czech Republic, is a leading industrial technology company operating in five strategic business segments: Defense, Aerospace, Ammunition, Mobility and Business Projects. It is 100% controlled and led by Michal Strnad, who has transformed it into the most relevant Czech industrial group, with a strong international footprint. CSG employs more than 10,000 people worldwide and owns and manages a diverse portfolio of industrial and trade companies across the civil and defense sectors.

The proposed transaction would be CSG’s largest acquisition to date after a long series of smaller acquisitions focused on the European market, including the acquisition of Fiocchi Munizioni in 2022. It also represents the largest acquisition in the history of the Czech defense industry. The transaction is expected to close in calendar year 2024, subject to shareholder approval, receipt of necessary regulatory approvals and other customary closing conditions. Upon closing, Sporting Products will become a wholly owned subsidiary of CSG, operating as a private company. Jason Vanderbrink will remain CEO of the Sporting Products business and the U.S. headquarters will remain in Anoka, Minnesota.

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About Czechoslovak Group

Czechoslovak Group (CSG) is an international industrial technology holding company building on the tradition of the Czech and Slovak industry, owned by Michal Strnad. CSG supports the development of Czech and Slovak companies engaged in defense and civil industrial production and trade. More than 10,000 people are employed by CSG companies and affiliates. In 2022, the holding’s consolidated revenues reached 25 billion CZK. CSG operates across five strategic business segments covering aerospace, ammunition, defense, mobility and business projects.

About Vista Outdoor Inc.

Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Outdoor Products and Sporting Products, provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.VistaOutdoor.com.

JD Miller · 10-17-2023, 09:33 AM

CCI/Speer in Lewiston Idaho just sold out by Vista Outoors

Oh, the Local Idaho American community was proud of the CCI/Speer Plant in Lewiston,

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Vista Outdoor Announces Sale of Lewiston Ammunition Plants and Other Operations

https://www.bigcountrynewsconnection...75057e968.html

RetVet · 10-17-2023, 09:58 AM

Corporate America selling out to foreign countries is what they do best.

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The transaction is expected to close in 2024, subject to approval of our stockholders, receipt of necessary regulatory approvals and other customary closing conditions.

In other words once the greasing of the right palms is conducted with the right size of envelopes exchanged.

drh · 10-17-2023, 10:09 AM

Oh my, what a shocker - Optics Planet:
Please review before proceeding

Some of the items in your cart have changed price.
The sale price for CCI Ammunition Sub-Sonic HP .22 Long Rifle 40 Grain Lead Hollow Point Rimfire Ammo, 100 Rounds, 56 has changed from $13.99 to $16.09.
The sale price for Winchester 5.56x45mm NATO 62 grain Green Tipped Full Metal Jacket Brass Cased Centerfire Rifle Ammo, 1000 Rounds, WM8551000 has changed from $599.99 to $817.99.
The sale price for CCI Ammunition Mini-Mag .22 Long Rifle 40 Grain Jacketed Soft Point Rimfire Ammo, 100 Rounds, 30 has changed from $12.99 to $15.59.
The sale price for CCI Ammunition Stinger .22 Long Rifle 32 Grain Copper Plated Hollow Point Rimfire Ammo, 50 Rounds, 50 has changed from $10.99 to $12.64.

JD Miller · 10-17-2023, 10:57 AM

phuk optic planet

everyone knows , dont make a order from those incompetent thieves

drh · 10-17-2023, 11:44 AM

Quote:

Originally Posted by JD Miller

phuk optic planet

everyone knows , dont make a order from those incompetent thieves

The prices on CCI's website have not changed at all.

10-17-2023, 10:09 AM	#4
drh I know things about stuff Join Date: Nov 2016 Posts: 1,221	Oh my, what a shocker - Optics Planet: Please review before proceeding Some of the items in your cart have changed price. The sale price for CCI Ammunition Sub-Sonic HP .22 Long Rifle 40 Grain Lead Hollow Point Rimfire Ammo, 100 Rounds, 56 has changed from $13.99 to $16.09. The sale price for Winchester 5.56x45mm NATO 62 grain Green Tipped Full Metal Jacket Brass Cased Centerfire Rifle Ammo, 1000 Rounds, WM8551000 has changed from $599.99 to $817.99. The sale price for CCI Ammunition Mini-Mag .22 Long Rifle 40 Grain Jacketed Soft Point Rimfire Ammo, 100 Rounds, 30 has changed from $12.99 to $15.59. The sale price for CCI Ammunition Stinger .22 Long Rifle 32 Grain Copper Plated Hollow Point Rimfire Ammo, 50 Rounds, 50 has changed from $10.99 to $12.64.

10-17-2023, 10:57 AM	#5
JD Miller Fake Member Join Date: Apr 2011 Location: PNW Posts: 39,219	phuk optic planet everyone knows , dont make a order from those incompetent thieves