The Czechoslovak Group is now the sole bidder for the ammunition segment of Vista Outdoor following the withdrawl of a competing bid from an unnamed private U.S.-based investment group.
According to a news release from Vista Outoor, the $2 billion offer from the unnamed firm was for the Kentic Group, including Lewiston’s CCI/Speer, Federal, Remington and HEVI-Shot, which together are the largest ammunition maker in the U.S. The Vista Outdoor Board is still considering a $1.96 billion offer from the Czechoslovak Group for those assets.
If that deal closes, its ammunition operations would become part of a privately held company based in the Czech Republic. Its outdoor recreation products would be spun into a separate publicly traded company called Revelyst.
The acquisition by the Czechoslovak Group is still subject to a shareholder vote July 2 and requires clearance from the Committee on Foreign Investment in the United States. The committee is tasked with reviewing certain transactions to determine their effect on national security.
