Vista Outdoor Acquires Hunting Gear Provider Stone Glacier.
MANews-(C)2009-2022
US-based outdoor sports and recreation products maker Vista Outdoor Inc. (NYSE: VSTO) has acquired US-based ultralightweight, performance hunting gear provider Stone Glacier, the company said.
The addition of Stone Glacier to Vista Outdoor's portfolio of outdoor products and shooting sports brands will allow the company to enter the packs, camping equipment and technical apparel categories with a fast-growing brand and provide a foundation for Vista Outdoor to leverage camping category synergies.
Founded in 2012 by Kurt Racicot, Stone Glacier designs and manufactures gear used by backcountry adventurers.
Based in Bozeman, Montana, with its headquarters surrounded by public lands in Big Sky country, the brand has established itself as a choice of backcountry hunters, outfitters and guides throughout the world.
Vista Outdoor said it used cash on hand and available liquidity under its asset-based revolving credit facility to complete the transaction. Vista Outdoor expects the transaction to be immediately accretive to earnings, excluding...
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