ANOKA, MN – (BUSINESS WIRE) – Vista Outdoor Inc. and Czechoslovak Group a.s. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with CSG’s proposed acquisition of Vista Outdoor’s Sporting Products business. The transaction, expected to close in the calendar year 2024, remains subject to receipt of the required regulatory approvals (including approval from the Committee on Foreign Investment in the United States), the approval of the Company’s stockholders, and other customary closing conditions.
Vista Outdoor, which is the parent company of 41 renowned brands that design, manufacture, and market sporting and outdoor products to consumers around the globe, announced in October a definitive agreement to sell its Sporting Products business to CSG for an enterprise value of $1.91 billion in an all-cash transaction. It represents the next step in the company’s plan to split into separate entities, which was previously announced in May of 2022.
Upon closing, the U.S. headquarters will remain in Anoka, Minnesota and officials say the company’s approximately 4,000 employees who represent four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington, and Speer “will continue their heritage of community and conservation support through local and national organizations.” That includes the company’s employees in Lewiston, Idaho.
About Vista Outdoor Inc.
Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Outdoor Products (Revelyst) and Sporting Products (The Kinetic Group), provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.vistaoutdoor.com.
About Czechoslovak Group a.s.
Czechoslovak Group (CSG) is an international industrial technology holding company building on the tradition of the Czech and Slovak industry, owned by Michal Strnad. CSG supports the development of Czech and Slovak companies engaged in defense and civil industrial production and trade. More than 10,000 people are employed by CSG companies and affiliates. In 2022, the holding’s consolidated revenues reached 25 billion CZK. CSG operates across five strategic business segments covering aerospace, ammunition, defense, mobility and business projects. CSG’s products can be found on all continents thanks to the holding company’s strong pro-export orientation, and the number of its customers continues to grow.
