October 14th, 2014

Eley Ltd., Rimfire Ammo-Maker, Acquired by LDC for £42 million

ELEY Limited, the English producer of high-quality rimfire ammunition, has been acquired by LDC in a £42 million deal. LDC is a well-established private equity firm specializing in management buy-outs, equity release (cash out), development (DevCap) and acquisition finance transactions.

Eley Limited LDC Buy-out Acquisition

Eley Will Expand Production and Launch a New Ammo Product
With the LDC take-over, Eley ammo production will increase, thanks to fresh capital expenditures by LDC. In exciting news for shooters, “a new round will be launched” according to Andrew Lane, Managing Director of Eley/LDC. This new ammo product is a big mystery. We can’t speculate whether this is a completely new rimfire cartridge, or simply another variant of .22 LR or other popular rimfire round. (Might Eley be producing 17 HMR in the future?) Along with the expanded production, Eley plans to open a new test facility for “the strategically important Scandinavian market-place.” We presume that will be located in Norway or Sweden, but no location has been revealed as yet.

Andrew Lane explained the benefits of the LDC deal: “While Eley’s growth has been strong over the past few years, IMI is now focused on specialist flow control activities. In LDC we have found an investor that has similarly ambitious targets and who fully buys into our business plan and development strategy.”

In the competitive arena, Eley has been extremely successful in recent years. Notably, all Gold medalists at the recent 2014 World Championships in Spain shot Eley ammo, and current Number 1-ranked shooters are using ELEY ammunition.

Eley rimfire ammunition England ammo

ELEY has grown in recent years and it now has 122 employees, mainly in operations, manufacturing and distribution. Eley was founded in 1826 by the Eley Brothers and moved to the Birmingham area after World War I. A division of Nobel Explosives, it eventually became a subsidiary of ICI in 1926. It later formed part of the IMI metals division that was separated from ICI in 1977. Following this deal with LDC, it is once again an independent company.

eley ammunition rimfire

Story tip by EdLongrange. We welcome reader submissions.
Permalink Bullets, Brass, Ammo, News 5 Comments »
October 14th, 2014

Shooting a Tubegun in F-Class — G. Salazar Talks Equipment

When we recently ran a story about Dennis Santiago’s new snakeskin Eliseo Tubegun, folks asked us if this kind of rifle can be competitive in F-Class competition. Here’s a detailed answer to that question by G. Salazar, who runs the Riflemans Journal Website.

A while back, G. Salazar published a three-part article on Shooting The Tubegun in F-Class. Links for all three segments are found below. The article covers some of the hardware German engineered to adapt his tubegun for long-range F-Class shooting with scope. If you’re an F-Classer, or just a fan of tubeguns, you should read German’s article, in all its parts.

READ Tubegun in F-Class Part 1
READ Tubegun in F-Class Part 2
READ Tubegun in F-Class Part 3

In the intro to his multi-part F-Class Tubegun article, German explains:

Salazar: The tubegun has truly changed the face of High Power shooting over the past five years or so. Specifically, the CSS (Gary Eliseo) tubeguns, which are made for a broad variety of actions and configurable to single-shot or repeater, have truly helped the sport to grow. That’s not just idle talk, the two principal factors that made the tubegun so important to our growth are the ease of transition for AR15 shooters moving into a bolt-action rifle and the absolutely ridiculous length of time it currently takes to get a stock from the conventional stock makers. My last conventional stock took well over two years from order to delivery (plain fiberglass). One of my friends has now been waiting four years for a simple wood stock for a smallbore rifle. By contrast, tubeguns, which are largely CNC machined, are delivered in a reasonably short time — weeks or a couple of months at most.

German Salazar F-Class Tubegun

Notwithstanding the foregoing, the tubegun would never have attained its present success if it weren’t for one simple fact — they are brutally accurate. I have three CSS tubeguns, one chambered in .308 and two in .30-06 and they are my favorite prone rifles due to their accuracy and great ergonomics. Those factors are just as appealing to an F-Class competitor as to a prone shooter, and indeed, the tubegun is making solid inroads into F-Class. READ MORE…

READ MORE of Part 1, The Tubegun in F-Class

Permalink - Articles, Gunsmithing, Shooting Skills No Comments »
October 14th, 2014

Save $650.00 on 5-20x50mm Vortex Razor HD Scopes

Here’s the deal of the month if you’re looking for a medium-magnification scope for hunting or gun games. The Vortex Razor HD 5-20x50mm Scope is now just $1349.00 at EuroOptic.com. These popular optics previously retailed for $1999.95. But EuroOptic purchased ALL the remaining inventory of these Vortex scopes and is blowing them out at below wholesale prices. With this special inventory reduction sale, you can save $650.00 on a very high-quality scope.

Eurooptic Vortex sale

Vortex Razor HD 5-20x50mm Scope Buy Out Sale!
After buying ALL the remaining Vortex Razor HD inventory, EuroOptic is offering huge savings — $650 off the riflescopes shown above. Originally priced at $1999.95, these scopes are now being sold for just $1349.00! Supplies are limited. Call 570-368-3920 to order.

Sale tip by EdLongrange. We welcome reader submissions.
Permalink Hot Deals, Optics No Comments »