Big news for the shooting community! Just six years after it acquired Savage Arms, outdoor industry mega-corp Vista Outdoor is selling off Savage Arms. The firearms-maker will be acquired by a private investment group led by Savage’s current management. When the sale is complete, Vista Outdoor, parent company of dozens of outdoor brands such as Bushnell, Bell Helmets, CCI, Camelback, Federal, RCBS, and Weaver, will no longer produce firearms of any kind. The sell-back to the Savage management group will include Stevens Arms*, which primarily produces shotguns.
There were multiple reasons given for the sale, which include:
1. Cutting costs, reducing corporate debt, and consolidating operations at Vista Outdoor.
2. Focusing more on the ammunition brands Alliant, CCI, Speer, and Federal.
3. Giving Vista Outdoor’s “ammunition brands flexibility to work with any industry partner”.
In addition, we suspect that, given the current political climate and media antagonism towards gun-makers, Vista Outdoor’s leadership deemed that owning Savage was bad for the company’s overall image. The potential profits from Savage were simply not worth the negative press as well as the potential liabilities from gun-related lawsuits.
By the Numbers: Vista Outdoor acquired Savage Arms (and Stevens) in July 2013 for $315 million. The July 2019 sell-off of Savage Arms (and Stevens) for $170 million represents a $145 million loss for Vista Outdoor. That’s not a good business model.
Founded in 1894, Massachusetts-based Savage Arms is one of America’s oldest gun-makers. While it has produced a wide variety of firearms over the past 125 years, Savage is now best known for its affordable bolt-action hunting rifles that feature barrels attached by a barrel-nut. In recent years, Savage has also moved aggressively into the “black rifle” market producing its MSR series of AR-platform rifles in a variety of chamberings. Savage also produces a popular semi-auto Rimfire rifle, the Savage A17/A22 series.
Here is the official Press Release covering Vista Outdoor’s sale of Savage Arms to a group of investors headed by Al Kasper, Savage’s President and CEO (emphasis added):
Vista Outdoor Announces Sale of Savage Brand
Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) announced today that it has completed the sale of the legal entity operating its Savage Arms and Stevens firearms brands to a financial buyer for a total purchase price of $170 million, comprised of $158 million paid at closing and $12 million to be paid upon maturity of a five-year seller note issued by the buyer to Vista Outdoor in connection with the transaction.
The sale is part of Vista Outdoor’s previously announced transformation plan, which outlined the intent to reshape the company’s portfolio by cutting costs, consolidating leadership, paying down debt, and divesting certain brands, including both its eyewear brands and firearms brands, in order to pursue growth in product categories where the company believes it can be market leaders. As the company now looks forward, the focus is on ammunition, hunting and shooting accessories, hydration bottles and packs, outdoor cooking products, and cycling/ski helmets and accessories.
“Divesting our Savage brand was a key aspect of our transformation plan,” said Chris Metz, CEO of Vista Outdoor. “While it was a difficult decision to sell such an iconic brand, I remain confident that this was the correct choice to help Vista Outdoor grow in those categories where we can have leadership positions. Savage is a fantastic business, and it deserves to continue to evolve into other firearms categories. At this time, however, we simply do not have the resources to transform Savage into the full-service firearms company that it deserves to be and, therefore, we determined the brand would be better off with a different owner. We’re excited to see Savage reach its full potential under new ownership.”
Savage was acquired by Vista Outdoor’s predecessor, ATK, in 2013. ATK’s sporting business – which included Savage, Bushnell, Federal and CCI Ammunition, and dozens of other hunt/shoot accessories brands, spun off in 2015 to become Vista Outdoor.
“The Savage acquisition helped create Vista Outdoor, and we’re grateful for all the success the brand brought to our company over the past six years,” said Metz. “However, this divestiture now gives our ammunition brands flexibility to work with any industry partner to create the best products and meet our consumers’ needs.”
At closing, Vista Outdoor received gross proceeds from the divestiture of $158 million. Vista Outdoor will use the net after-tax proceeds of the sale to repay outstanding indebtedness.
“Reducing our debt is a key part of turning around our business,” said Metz. “Selling Savage and further reducing our overall leverage will improve our financial flexibility and better position the company for long-term growth. We’ve now rebuilt the company’s foundation to provide a more stable base upon which to grow. We have a portfolio of brands that all have the potential to be strong, market leaders in their respective categories and I’m proud of my team’s efforts in reshaping the portfolio over the course of the past year.”
*American firearms manufacturer J. Stevens Arms & Tool Company, now part of Savage Arms, introduced the .22 Long Rifle cartridge in 1887. Savage Arms was founded in 1894 by Arthur Savage in Utica, New York. Within 20 years Savage was producing rifles, handguns, and ammunition. Savage introduced the first hammerless lever-action rifle, the Model 1895, derived from Arthur Savage’s Model 1892 rifle that he had designed for Colt.
Story tip from EdLongrange. We welcome reader submissions.
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Need pistol ammo? Want to save money? Then check out the latest promotion from Federal and other Vista Outdoor ammo brands. With this rebate you get $2.00 back for every 50-round box of centerfire ammo you buy, except for 9mm Luger (9x19mm) — that qualifies for a $1.00/box rebate. Now through March 31, 2019, rebates are offered for all these participating brands: Federal, Speer, Blazer, American Eagle, and Independence. You must buy at least 250 rounds (5 boxes) to qualify. CLICK HERE for qualifying ammo.
NOTE: Qualifying purchases must be made December 3, 2018 through March 31, 2019. The DEADLINE for mail-in or online submissions is April 30, 2019. To redeem online, visit Promotions.vistaoutdoor.com.
Vista Outdoor Announces Strategic Business Transformation Plan
Big news. Vista Outdoor Inc. (NYSE: VSTO) may be selling off gun-makers Savage and Stevens, declaring it will “explore strategic options” for those brands. However, Vista Outdoor will retain its businesses that produce ammunition and reloading components: Alliant Powder, CCI, Federal Premium, and Speer. The sell-off of Savage and Stevens is not a sure thing yet, but Vista’s new CEO Chris Metz has been looking hard at the “bottom line” and he says that the gun-making brands have not been as profitable as expected. This is not just an exit from gun-making. Vista Outdoors executives have analyzed the company’s full portfolio of brands, and decision-makers have targeted other brands for sell-off. READ Vista Outdoor News Release.
The Wall Street Journal reported: “The company [Vista Outdoor, VSTO, -13.07% on 5/1/18] said Tuesday it would pare its brands to focus on business lines including ammunition and shooting accessories, water bottles and packs and outdoor cooking ware. It will explore the sale of several brands including Bell bike helmets, Giro snow goggles, Blackburn handlebar tape, Jimmy Styks paddle boards, and Savage and Stevens firearms[.]”
Notably, Vista Outdoor remains fully committed to the ammunition and components businesses. In an official news release, CEO Metz stated: “Vista Outdoor is excited about the potential of each of our core businesses, particularly ammunition, which is our largest core business. An increased focus on our heritage ammunition business will manifest itself in more innovative and breakthrough new products introduced over the next few years. We also anticipate that by prioritizing this business, we will be able to invest more capital to further enhance and expand our global leadership position.” Metz denied that the sell-of of Savage and Stevens was a response to a boycott by the REI outdoor retail chain. The CEO said that REI represents less than 1% of the company’s total sales.
CEO Metz acknowleged that revenues were down substantially for the past fiscal year (ending 3/31/18), and reduced gun sales were one reason: “Sales were $2.3 billion, down 9% from the prior year. The decline was caused by lower volume in Shooting Sports across all ammunition categories, lower pricing across the portfolio, and lower firearms sales as a result of decreased demand impacting the shooting sports industry. Additionally, Outdoor Products declines were caused by market conditions affecting shooting-related categories, including hunting and shooting accessories, optics, and tactical products.”
Vista Outdoor currently has a large portfolio of brands, including guns, gear, eyewear, ammunition, camping equipment, and much more. Top brands for guns and shooting, after Savage and Stevens, are: Alliant Powder, American Eagle, Blazer Ammunition, Bushnell, CCI, Federal Premium, RCBS, and Speer.
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There are tough times ahead for Remington. Fox News reports that: “Privately-held Remington Outdoor is now at risk of declaring bankruptcy after a collapse in sales and profits. Saddled with debt, the historic gun manufacturer is short on avenues for escape.” (LINK). Fox News adds:
“The rifle and shotgun manufacturer’s third-quarter sales plunged 41% as demand for firearms dried up. That led Remington to report adjusted earnings before interest, taxes, depreciation, and amortization that were 78% lower year over year. Over the first nine months of 2017, the company has produced a $60.5 million net loss, compared to a $19.1 million gain in the prior-year period.
And with its credit rating in the trash bin, the future is bleak for ‘America’s oldest gunmaker’. Today, debt on the company’s books has ballooned to almost $1 billion[.]”
Financial analysts report that Remington’s earnings decline will further harm the company’s already poor corporate credit rating. That means Remington must pay even higher interest rates to borrow money, further bleeding cash and decreasing profitability. This, in turn, accelerates the momentum towards filing bankruptcy. Fox explains: “With the firearms and ammunition manufacturer burning through cash as a result of falling sales, S&P expects it will undertake a restructuring within the next year.”
Other large American gun industry companies have seen their stock value drop dramatically this year. Vista Outdoor (Savage, RCBS, CCI etc.) is down 62% since December 9, 2016, while American Outdoor Brands (Smith & Wesson) has dropped 36%.
Remington Has a Storied History
Founded in 1816, Remington is the oldest continuously-operating gun manufacturer in the United States, and remains one of the USA’s oldest commercial enterprises. Even with its present difficulties, Remington still sells more sporting rifles and shotguns than any other American company. Remington has developed more cartridges than any other U.S. company. And it is the only American company that sells firearms AND ammunition under its own name.
The Remington enterprise was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. In 2016 Remington celebrated 200 years of history. American Rifleman TV explored the history of Remington Arms Company in a TV special which focuses on many of the company’s most noted firearms. Here is a preview:
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At the request of our readers, we provide select “Deals of the Week”. Every Monday morning we offer our Best Bargain selections. Here are some of the best deals on firearms, hardware, reloading components, and shooting accessories. Be aware that sale prices are subject to change, and once clearance inventory is sold, it’s gone for good. You snooze you lose.
1. Cabela’s — Vortex Crossfire 6-24x50mm, $179.99 with Code
Here’s a killer deal if you want a very affordable medium magnification zoom optic for target work or a varmint rifle. We like the 6-24 magnification range for a prarie dog rifle. You have both a wide field of view available and sufficiently high magnification (24X) to see small prey at 400 yards. This has a simple but reliable front parallax control. This scope is on sale at Cabela’s for $199.99, but this week you can save an additional $20.00 with CODE “176YF20″.
2. Grafs.com — Magnetospeed Sporter $178.99
If you have been waiting to get a Magnetospeed… wait no longer. Priced at just $178.99 at Grafs.com, the Magnetospeed Sporter model costs less than half as much as Magnetospeed’s V3 models. This chronograph attaches directly to your barrel so you don’t have to go downrange to position tripods and set up skyscreens. For most people the Sporter Model contains all the features they need. Using Magnetospeed’s XFR adapter (sold separately), data can be transferred easily from the display module to your mobile device. READ Magnetospeed Sporter Review.
The Jewell trigger is still probably the most commonly-used trigger in benchrest competition. Right now at Grafs.com you can get a Remington 700-compatible Jewell benchrest trigger for $169.99 — that’s $30.00 of the regular price. This single-stage trigger adjusts from 1 ounce to 3 ounces pull-weight, and has a crisp, precise release. This will fit Rem 700 actions as well as Rem-compatible custom actions. This trigger does NOT have a safety and it is NOT recommended for hunting applications. (Sale tip from EdLongrange.)
4. CDNN Sports — Ruger American Ranch Rifle (Tan), $349.99
Here’s a nice little varmint rifle from Ruger with good features and performance at a killer price: $349.99. You could pay that much just for a barrel. This .223 Rem rifle features a 16.5″ hammer-forged barrel barrel threaded 1/2″-28 at the muzzle for brake or suppressor. The action, which features a 70° three-lug bolt, and Picatinny-style scope rail, sits in an aluminum bedding block. The crisp trigger adjusts down to 3 pounds. With a weight (before optics) of 6.1 pounds, this is a handy carry-around varminter. We like this rifle. For $349.99 it’s a steal.
5. Bullets.com — Bald Eagle Range Bags, $24.95 – $29.95
High-quality Bald Eagle Range Bags are now on sale at Bullets.com. These versatile bags are very well- made and durable. With thickly-padded slab sides and padded internal dividers, these bags hold their shape and don’t collapse like most range bags. We use the larger 20″ bag to transport our spotting scope and MagnetoSpeed chrono. The smaller 15″ bag will hold ammo, rangefinder, Kestrel, shooting glasses and all your miscellaneous gear. We have used these bags for years and endorse them. The Cordura nylon fabric is tough, and the zippers are high-quality. With these sale prices, $24.95 for the 15″ size and $29.95 for the 20″ size, you won’t be disappointed. A variety of colors are offered: Red, Black, Green, Camo, Navy (15″ only), and Pink (15″ only).
6. Midsouth — 17 HMR V-Max Ammo, $9.75 for 50 rounds
Need 17 HMR ammo for your planned 2017 varmint safaris? Then grab this Hornady V-Max ammo while you can at $9.75 for a 50-round box. This is a great price. Other vendors are selling the same Hornady ammo for as much as $13.50 per box. We’ve used this ammo and it was very accurate out of both semi-auto (Savage A17) and bolt-action (CZ 455) 17 HMR rifles.
7. Sportsman’s Guide — Frankford Arsenal Case Tumbler Kit
For just $69.99, this Frankford Arsenal Kit provides everything you need to clean brass: Vibratory Tumbler, Rotary Media Separator, Bucket, Corn Cob Media (3 lbs.), and Brass Polish. The Case Tumbler holds up to 600 9mm cases or 350 .223 Rem cases. The separator system is generous, with a 3.5-gallon bucket. NOTE: Sportsman’s Guide Buyers Club members can purchase for $62.99.
8. Grafs/Midsouth — Vista Outdoor $10 Rebate and T-Shirt Offer
With Vista Outdoor’s 2nd Amendment Rebate, you can get $10 back and a T-Shirt. Purchase $50 or more of select Vista Outdoor products to receive a $10 mail-in rebate. Purchase $100 to get a limited-edition 2nd Amendment t-shirt. This promotion can be combined with all other current offers for Vista Outdoor brands. Featured brands include: Alliant Powder, Bushnell, CCI, Champion, Federal, Hoppes, RCBS, Savage, Simmons, Speer, Tasco, Weaver and more. Purchase products through Grafs.com, Midsouth and other leading retailers. Rebate Offer valid through March 31, 2017.
9. NRA & MidwayUSA — NRA Life Membership, $600.00
Here’s the best deal going right now on an NRA Life Membership. This normally costs $1500.00, but if you CLICK HERE, you can get a life membership for just $600.00, thanks to an NRA/MidwayUSA promotion. You can also save on 1-year, 3-year, and 5-year NRA memberships. Note: This is a limited-time offer.
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On August 10th, Vista Outdoor Inc. (NYSE: VSTO), officially opened its new 33,000-square-foot Utah corporate headquarters to the public with a ribbon cutting ceremony attended by state and local officials, community partners, members of the media, and employees.
“We are proud to call Farmington home,” said Vista Outdoor CEO Mark DeYoung. “We’re committed to being a strong partner for this community, and we value our relationships with the state, county and city leaders who helped make this headquarters a reality. We chose Utah because of its focus on outdoor recreation as an economic driver, the business-friendly environment, a talented workforce and balanced quality of life, as well as amazing geography and the availability of four seasons for outdoor recreation.”
Founded in 2015 when ATK (Alliant Techsystems*) spun off its sporting goods division from its aerospace business, Vista Outdoor is a leading global manufacturer of outdoor consumer products as well as firearms. Vista Outdoor’s 50 product brands include such well-known names as Bell Helmets, Blackhawk, Bushnell, CamelBak, CCI, Federal Premium Ammunition, and Savage Arms.
Building Constructed with Utah Wood and Stone
The new Headquarters building uses locally-sourced natural materials such as wood and stone in many design elements. The main lobby atrium includes a “living wall” made with live plants and a central staircase with an expansive view of the Wasatch Mountains, bringing the feeling of “outdoors” inside. The back lobby features a fireplace/campsite.
“Vista Outdoor and its brands are committed to conservation and environmental stewardship,” said DeYoung. “We believe in the responsible use of natural resources and in conserving the wild places where our employees and our consumers go to pursue their outdoor adventures.”
*Alliant Techsystems Inc. (ATK) came into being as an independent company in 1990 when Honeywell spun off its defense businesses to shareholders. ATK got into the ammo business in 2001 when it acquired Blount International. ATK grew with later acquisitions of Weaver Optics (2008), Blackhawk (2010), Savage Arms (2013), and Bushnell (2013).
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22Plinkster Tours CCI/Speer Idaho Factory
Trickshot artist and YouTube host 22Plinkster recently got a chance to tour the CCI/Speer production facility in Lewiston, Idaho. This large plant produces both rimfire and centerfire ammunition. While touring the plant, 22Plinkster was allowed to capture video showing the creation of .22 LR rounds from start to finish. This is a fascinating video, well worth watching.
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. If you’ve got ten minutes to spare, we really recommend you watch the video from start to finish. You’ll definitely learn some new things about rimfire ammo.
.22 Plinkster was literally up to his neck in ammo while touring the CCI/Speer Idaho ammo plant. He says: “This was truly a dream come true for me. I can’t thank the people at CCI and Speer enough for allowing me to do this. I couldn’t possibly show everything that went on at the factory. However, hopefully I showed you enough for you to grasp the concept of how rimfire [ammo] is made.”
Speer Brothers Brought Ammo Production to Lewiston
Here is an interesting historical footnote. Today’s large CCI/Speer operation in Idaho can be traced back to the companies founded by the Speer brothers. After settling in Lewiston in 1944, Vernon Speer started Speer Bullets. A few years later, in 1951, Vernon’s brother Dick (with partner Arvid Nelson) started Cascade Cartridges Inc., a producer of small-arms ammunition and primers. Yes, as you may suspect, Cascade Cartridges Inc. is now CCI, a Vista Outdoor company, and one of the largest manufacturers of primers and loaded ammunition. Today, the CCI/Speer Lewiston plant produces both Speer bullets and CCI-branded ammunition and primers. Vista Outdoor’s predecessor, ATK, acquired the plant in 2001. Vernon Speer died in 1979, and Dick Speer died in 1994.
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Looking for a great job in the Shooting Sports industry? Well Vista Outdoor, America’s largest firearms/ammo/optics/sporting accessories maker, has some key job offerings. Vista Outdoor (formerly the sporting unit of ATK) is a corporate giant operating dozens of major brands including: Alliant Powder, Bushnell, CCI, Federal Premium, RCBS, Savage Arms, Simmons, Speer, and Weaver.
Key Vista Outdoor Jobs Available Now…
1. Product Manager — Ammunitions/Pistols
Position is responsible for managing all aspects of product development, from concept development to commercialization, for firearms product categories. He or she will aggressively grow the business by thoroughly understanding the marketplace, competition and by developing products that address global consumer and retailer needs.
2. Senior Marketing Manager — Firearms
The Senior Marketing Manager for Firearms at Vista Outdoor will have full responsibility for all marketing within the Firearms Global Product Lane. This position will report to the V.P. of Marketing and New Product Development for Shooting Sports. This position will manage all aspects of consumer marketing for all firearms brands.
3. Senior Product Manager — Optics
Vista’s Overland Park, KS location is seeking a Senior Product Manager — Optics to add to our team. The Senior Product Manager is responsible for managing all aspects of product development from concept development to commercialization for our line of Sports Optics.
4. Product Manager — Tactical Products
The Product Manager will achieve annual top and bottom line metrics through new product development in support of the global tactical strategy. This position will be responsible for leading all aspects of R&D, concept and product development, commercialization, and launch.
5. New Product Development Engineer — Federal Ammunition
This role will work alongside Product Development Engineers, Product Marketing and Insights Staff, members of the Product Innovation Team and will map out and pursue future new products for Vista Outdoor Shooting Sports Ammunition Company.
In addition to the positions presented above, Vista Outdoor currently lists over 70 more job opportunities on its corporate Careers webpage. Vista Outdoor is headquartered in Utah and employs approximately 5,800 workers. Current Vista Outdoor opportunities include: Project Manager III, Legal Business Manager, Purchasing Manager, Export/Import Specialist, Senior Tax Analyst, Pistol & Rifle Product Line Specialist, Senior Database Developer, Manufacturing Engineers (I, II, III), Financial Analyst, Environmental Lead, Community Relations Specialist, and many more.
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They say a picture is worth a thousand words. In this case a video is way more illuminating than anything we can write. The video below, produced by Savage, demonstrates how the new 17 HMR Savage A17 rifle works. The video includes nicely-done 3D Graphics that illustrate the function of the A17’s delayed-blowback action with “interrupter lug”. Using “X-Ray View” animation, the video shows what happens INSIDE the chamber as rounds are fired. The video also explains how the 17 HMR presents a tougher engineering challenge than the lower-pressure .22 LR cartridge.
Watch this Video — You’ll Learn Something about Semi-Auto Rimfires
NOTE to Readers: Watch the video! If you have any interest in how guns work, check this out (full-screen if possible). For some reason (maybe slow connections), most readers skip over the videos we embed in our stories. In this case, take 3 minutes to watch. Click arrows button to view Full-Screen.
Savage officially launched the A17 this month, after previewing the new 17 HMR rifle at SHOT Show in January. We tested the gun on Media Day and came away very impressed. The A17 fed and functioned flawlessly. It is fun to shoot, and it will be affordable. MSRP is $469.00 so street price should be about $425.00. READ AccurateShooter A17 Report.
We plan to test one of these very soon. If the field test goes as well as I expect, your Editor will probably buy one of these rifles. The A17 has a barrel nut system just like centerfire Savage rifles. This means it will be easy to fit an aftermarket custom barrel to the A17. We already have some ideas for a suppressed A17 project gun with upgraded stock and barrel(s). Stay tuned….
The Magic Chicklet
Look below at the A17 bolt. The little black hardened metal piece (called a “chicklet” by the Savage engineers) is the secret ingredient. This “Interrupter Lug” retracts, allowing the A17 to operate in delayed blow-back mode. That permits the A17 to function flawlessly with the 17 HMR cartridge.
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You may not have heard of Vista Outdoor (NYSE: VSTO), but you’ll know many of the brands under its corporate umbrella: Alliant Powder, Blackhawk, Bolle, Bushnell, CCI, Federal Premium, Outers, RCBS, Savage Arms, Simmons, Speer, Weaver. To learn more about Vista Outdoor’s operations and products, visit www.vistaoutdoor.com or Vista Outdoor’s Facebook Page.
So what is Vista Outdoor? This corporate giant used to be the sporting division of ATK (Alliant Techsystems*). In February of this year, ATK split into two separate companies. The outdoor sports/hunting/shooting brands (with annual revenues of $2.3 billion) were consolidated into Vista Outdoor. The aerospace/military contract operations of ATK were continued in a second company, Orbital ATK. Vista Outdoor, now head-quartered in Clearfield, Utah, is a standalone, publicly-traded outdoor sports and recreation company with approximately 5,800 employees worldwide.
In a recent interview with GearJunkie.com, Vista Outdoor’s Chairman/CEO Mark DeYoung revealed that Vista Outdoor will release scores of new products in 2015:
Q: Looking ahead for this year, what to-be-released products are you most excited about?
A: Bushnell has a rangefinder for golf that is innovative. We introduced it at the PGA Show. The A17 rifle from Savage is big news — we sold out of a whole year’s capacity at the SHOT Show. Overall, there are about 130 new products coming this year from our brands[.]
Vista Outdoor Started Trading as VSTO on February 10, 2015
Vista Outdoor “went live” as a separate, publicly-traded company on the New York Stock Exchange on February 10, 2015. Here is the official press release:
Vista Outdoor Inc. (NYSE: VSTO), which previously operated as the Sporting Group of Alliant Techsystems Inc. (“ATK”), announced today the successful completion of its spin-off from ATK (NYSE: ATK) into a standalone, publicly traded outdoor sports and recreation company.
On February 9, 2015, ATK distributed to its stockholders two shares of Vista Outdoor common stock for every share of ATK common stock held as of record on February 2, 2015. Vista Outdoor common stock will begin “regular-way” trading under the symbol “VSTO” on the New York Stock Exchange (“NYSE”) today, February 10, 2015, when markets open.
“Today marks the creation of a new leading commercial and consumer-products company focused on innovative solutions, strategic customer partnerships, execution excellence and creating long-term shareholder value,” said Mark DeYoung, Vista Outdoor Chairman and Chief Executive Officer. “Our consumers depend on our products to deliver quality and performance in a variety of outdoor environments and activities. Our mission is to bring the world outside, and to support and facilitate the success of outdoor enthusiasts as they strive to achieve their own rugged independence.”
About Vista Outdoor Inc.
Vista Outdoor is a leading global designer, manufacturer and marketer in the growing outdoor sports and recreation markets. The company operates in two segments, Outdoor Products and Shooting Sports, and has more than 30 well-recognized brands that provide consumers with a wide range products in the ammunition, firearms and outdoor accessories categories. Vista Outdoor is headquartered in Utah and has manufacturing operations and facilities in 10 U.S. States, Puerto Rico, Mexico and Canada.
*Alliant Techsystems Inc. (ATK) came into being as an independent company in 1990 when Honeywell spun off its defense businesses to shareholders. ATK got into the ammo business in 2001 when it acquired Blount International. ATK grew with later acquisitions of Weaver Optics (2008), Blackhawk (2010), Savage Arms (2013), and Bushnell (2013).
Story tip by EdLongrange. We welcome reader submissions.
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