Schism in the ammo industry
Minnesota-based Vista Outdoor has made an agreement to sell its expansive ammo brands to the Prauge-based Czechoslovak Group.
The $1.9 billion all-cash deal, announced Monday, will see Vista divest a number of classic American ammunition brands including CCI, Federal, Hevi, Remington, and Speer – some of which date back over a century. These are made across four factories in Minnesota and Arkansas and employ approximately 4,000 people.
Other than possibly Olin, who runs the Army’s Lake City Ammo Plant as well as produces Browning and Winchester-branded commercial ammo, Vista was the largest ammo concern in the U.S.
More in my column at Guns.com.
Vista Outdoor was run by incompetent Knuckleheads. There’s a lesson to be learned here. Reminds me of the GOP
What a shame and a crime, Vista Outdoor destroyed so many Iconic companies