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October 17th, 2023

Czech Group Plans to Acquire Federal, CCI, Remington Ammo, Speer, HEVI-Shot from Vista Outdoor

vista outdoor remington speer federal cci factory ammunition business sale csg Czechoslovak group acquisition

Big news for the shooting world — Vista Outdoor (NYSE:VSTO) is planning on selling its outdoor sporting products business to Czechoslovak Group A.S. (“CSG”) for $1.91 billion. This will involve transfer of some of the biggest names in the shooting/reloading world including: Federal, CCI, Remington Ammo, Speer, and Hevi-Shot. The sale and take-over is expected to be completed in 2024. We believe Alliant Powder will also be sold but that was not mentioned in the news release.

This represents a big change for the United States. Soon America’s largest commercial powder and ammunition manufacturer will be controlled by a European enterprise. CSG had previously acquired Fiocchi in 2022, and soon it will hold a very large segment of the total global ammunition market with the $1.91 billion deal to take over Vista Outdoor’s ammunition enterprises. READ Official Transaction Report.

vista outdoor remington speer federal cci factory ammunition business sale csg Czechoslovak group acquisition

Vista Outdoor’s current Sporting Products CEO Jason Vanderbrink will continue to lead the Sporting Products business and the U.S. headquarters will remain in Anoka, Minnesota. Vanderbrink stated: “We are confident that CSG is a great home for our leading ammunition brands. The company is fully committed to our iconic American brands and expanding our legacy of U.S. manufacturing, support for military and law enforcement customers, and investments in conservation and our hunting and shooting heritage.”

We are told that the approximately 4,000 Vista Outdoor employees now employed at four American factories will continue to work at those facilities to produce CCI, Federal, HEVI-Shot, Remington, and Speer products. According to SGB Media: “To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business, and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business), with current public stockholders of Vista Outdoor receiving shares of Outdoor Products … and approximately $750 million in cash in the aggregate. The transaction will be treated as a taxable sale of a stockholder’s Vista Outdoor shares for the Outdoor Products shares and cash consideration they receive in the merger, allowing stockholders to recover tax basis and recognize built-in gain and loss in their Vista Outdoor shares.”

David Štěpán, Member of the CSG Board and Investment Director for CSG International Projects, stated: “Vista Outdoor’s Sporting Products business is vertically integrated, has excellent financial results and is well invested. Thanks to this acquisition, CSG will become one of the most important ammunition manufacturers in the world with a comprehensive portfolio across all calibers.”

According to the Business Wire: “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.”

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 more information, visit www.VistaOutdoor.com.

Permalink Bullets, Brass, Ammo, News, Reloading 3 Comments »
October 17th, 2023

Watch Rimfire Ammo Being Made at CCI and Federal Factories

22 .22 Plinkster Youtube Video CCI Speer Rimfire Ammo Ammunition plant Lewiston Idaho

CCI and Federal Premium are both brands of Vista Outdoor. Most CCI rimfire is produced in Idaho, while other Federal-branded rimfire ammo is produced in Federal’s Anoka, Minnesota facilities. Here we feature videos from both CCI and Federal ammo plants. Watch and learn how rimfire ammo is made.

Field & Stream Tours Federal Ammo Plant in Minnesota
A reporter for Field & Stream recently got a chance to tour the Federal ammunition production facility in Anoka, Minnesota. This large plant produces both rimfire and centerfire ammunition. While touring the plant, the reporter was allowed to capture video showing the creation of .22 LR rounds from start to finish. This is a fascinating video, well worth watching.

Note to Viewers — After Starting Video, Click Speaker Icon to HEAR audio!

This revealing video shows all phases of .22 LR ammo production including cupping, drawing, annealing, washing, drying, head-stamping, priming, powder charging, bullet seating, crimping, waxing, inspection, and final packaging. We recommend you watch the video from start to finish. You’ll definitely learn some new things about rimfire ammo.

.22 LR Ammo Production at CCI Ammo Plant in Idaho
Back in 2016, YouTuber 22Plinkster was able to tour the CCI Ammo plant in Lewiston, Idado. Here is the rimfire production video he produced.

The Manufacturing Process for .22 LR Rimfire Ammunition
Shooting Sports USA explains: “Rimfire cartridge cases are the oldest self-contained cartridge in existence, having been in continuous production since the mid-1850s. Rimfire cases are drawn from a thin piece of brass and formed with a hollow rim. A priming compound is then forced into the case using centrifugal force, where it is charged with powder and a bullet is seated in the mouth of the case. The case is then crimped around the bullet to ensure sufficient push and pull when the round is fired. When the firing pin strikes the thin brass rim of the case, the hollow rim is crushed and the primer is ignited.” Source: SSUSA.org 9/2/2017.

.22 LR ammunition photo
Photo courtesy BulkAmmo.com.

Permalink - Videos, Bullets, Brass, Ammo, Tech Tip No Comments »