Ammo Inc. is promoting off an enormous a part of its enterprise to deal with rising its on-line market, agreeing to an acquisition by Olin Winchester.
Ammo Inc. is a producer of ammunition. It introduced it has entered right into a definitive settlement to promote its ammunition manufacturing belongings to Olin Winchester, a subsidiary of Olin Corp., for $75 million in money.
Ammo is an organization that designs, manufactures, and sells ammunition and ammunition elements. It additionally personal GunBroker.com, an internet market for firearms, ammunition, and taking pictures equipment.
Olin Winchester acquisition of Ammo Inc.
Ammo’s board of administrators unanimously accepted the sale.
The sale marks the conclusion of a strategic evaluate course of throughout which the corporate engaged with impartial advisors and explored a number of potential patrons. And following the sale, Ammo plans to focus its efforts on increasing its worthwhile GunBroker.com market.
GunBroker launched in 1999. It says it’s the most important on-line market devoted to promoting firearms, searching, taking pictures and associated merchandise.
GunBroker.com sells quite a lot of merchandise on-line, together with:
- Firearms
- Ammunition
- Air weapons
- Archery tools
- Knives and swords
- Firearms equipment
- Searching/taking pictures gear
“After an intensive course of supported by our monetary and authorized advisors, the Board believes this sale is in the very best curiosity of stockholders and can place us for long-term success,” says Ammo board chair Christos Tsentas. “The sale will permit us to prioritize development alternatives within the GunBroker.com market, a key section within the increasing ecommerce firearms and taking pictures sports activities industries.”
The transaction will embody Ammo’s 185,000-square-foot manufacturing facility and ballistic vary in Manitowoc, Wisconsin. Olin Winchester will combine the Ammo facility and its workforce into its present operations, strengthening its manufacturing capabilities. The businesses anticipate to shut the sale within the second quarter of 2025, topic to customary situations.
Ammo was suggested by Baird, represented by Bryan Cave Leighton Paisner LLP, and acquired a equity opinion from Lake Road Capital Markets. Following the transaction’s completion, Ammo plans to rebrand and alter its company identify.
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