Hot off the wire is the news that the sale of savage arms to a financial buyer has been completed for 170m.
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Vista outdoor is a leading global designer manufacturer and marketer in the growing outdoor sports and recreation markets.
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.
Savage arms is a brand of vista outdoor inc an outdoor sports and recreation company.
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The possibility of savage arms leaving vista outdoors has been discussed for more than a year with discussions starting after a business transformation plan announcement in may of 2018.
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The company operates in two segments shooting sports and outdoor products and has a portfolio of well recognized brands that provides consumers with a wide range of performance driven high quality.
Vista outdoor is a leading global designer manufacturer and marketer of consumer products in the growing outdoor sports and recreation markets.
Savage arms is a brand of vista outdoor inc an outdoor sports and recreation company.
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