Vista Outdoor will split into two independent, publicly traded companies.
Vista Outdoor, which has a factory in Lewiston, says the move was unanimously approved by the company’s board of directors.
When complete, Vista’s Outdoor Products segment will become an independent company with brands like CamelBak that makes backpacks with water bladders, helmet makers Bell and Giro, Camp Chef that makes outdoor grills and cooking equipment and optic makers Bushnell and Bushnell Golf among others. The new company will be led by current Vista Outdoors CEO Chris Metz and be renamed at a later date.
The Sporting Products segment, which handles manufacture of ammunition brands like Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot, some of which is based in Lewiston, will also become an independent company. Jason Vanderbrink, who leads the segment, will become the CEO of the new company, which will also receive a new name at a later date.
The split is expected to be complete in 2023. (Lewiston Tribune)
