ATK Acquires Blackhawk Products Group
Alliant Techsystems (NYSE:ATK) has acquired Blackhawk Industries Products Group Unlimited, LLC, a major player in the lucrative tactical products and security accessories market. The acquisition of Blackhawk, combined with the recent purchase of Eagle Industries, strengthens ATK’s position in tactical equipment for domestic and international military, law enforcement, security, and sport enthusiast markets.
“The acquisition of Blackhawk supports our strategy of expanding into adjacent lanes while leveraging ATK’s existing core competencies,” said Mark DeYoung, President and CEO. “Blackhawk provides ATK with a leading tactical systems brand, an expanded portfolio of quality products, and additional design and development expertise[.] This acquisition significantly increases our presence and our potential in the growing domestic and international security markets.”
Blackhawk was founded in 1993 by former Navy SEAL Mike Noell. It all started with a failed pack in a mine field in Iraq that inspired Noell to create his own line of gear. Headquartered in Norfolk, Virginia, Blackhawk is a leading US manufacturer of tactical gear, body armor, law enforcement duty gear, holsters, hydration systems, protective gloves and gear, apparel and footwear, knives, illumination tools, breaching tools, hunting gear, and recoil reducing stocks. The company operates manufacturing facilities in North Carolina, Montana, and Idaho. Blackhawk is one of the most widely recognized brands for tactical, military, and law enforcement equipment. Blackhawk and ATK’s existing tactical accessories business will become a division of ATK’s Security and Sporting Group.
ATK is a global aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.8 billion. ATK operates the Lake City Army Ammunition Plant, while the ATK Security and Sporting Group now includes the following major brands: Alliant Powder, Blackhawk, CCI, Champion, Eagle Industries, Federal, RCBS, Speer, and Weaver Optics.
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