Vista Outdoors sells out....WOW

[glenwolde]

Vista Outdoor plans to sell its ammunition-making plants, including its Lewiston operations, to Czechoslovak Group for $1.91 billion in a deal expected to close next year.

Vista Outdoor announces plans to sell its ammunition plants to Czechoslovak Group | | lmtribune.com

 

[NY-1]

As far as foreign buyers are concerned, at least they sold to a Czech company. The Czechs are quite good about personal firearm ownership compared to the majority of Europe AFAIK.

 

[glenwolde]

Maybe the employees will get Kolaches every morning.

 

[DWalt]

From what I see, the deal includes Federal, Remington, and CCI/Speer, plus some other components of Vista. Not sure if Alliant is one of them. CSG is already the 70% owner of Fiocchi. I don't know much about CSG, but it seems to be a very significant factor in the defense industry. It controls about 100 companies and is privately held, no publicly traded stock.

 

[Valmet]

I was shocked when I first read this as I don’t feel like Vista Outdoors has owned CCI/Federal for very long?

 

[DWalt]

I was shocked when I first read this as I don’t feel like Vista Outdoors has owned CCI/Federal for very long?

Vista Outdoors was a spin-off from ATK in 2015.

 

[kraynky]

I'm not a huge fan of foreigners owning all of our ammunition/ powder factories, but I sure can't afford to buy them out.

My supplies are in good shape either way. But it just somehow don't seem right......... but what'a'ya gonna do...... at least they didn't just shut down.

 

[lrrifleman]

With this proposed sale, that would leave Winchester as the only major American primer manufacturer? Plus the few startups that we occasionally hear about?

 

[DWalt]

With this proposed sale, that would leave Winchester as the only major American primer manufacturer? Plus the few startups that we occasionally hear about?

I suspect the Vista primer manufacturing operations will remain business as usual under CSG. I believe that primer manufacturing business in Texarkana was a scam from beginning to end, while the construction of a new Fiocchi primer plant in Little Rock has been seriously delayed by an act of unbelievable stupidity that a third grader would not have made.

 

[pharmer]

Putting 3/4 of the USA "ammo basket" in a Czech wagon will be business as usual. Unless .gov entities gain a leverage point with them over some "vital interest" and make them "a deal they can't refuse." I know, tin foil hat is too tight. Joe

 

[Racer X]

I suspect the Vista primer manufacturing operations will remain business as usual under CSG. I believe that primer manufacturing business in Texarkana was a scam from beginning to end, while the construction of a new Fiocchi primer plant in Little Rock has been seriously delayed by an act of unbelievable stupidity that a third grader would not have made.

can fill me in on the delay?

 

[DWalt]

can fill me in on the delay?

For Fiocchi? They bought the building site but it was too swampy to build on, at least most of it. Last I heard, they hadn't figured out what they were going to do. Who would buy a piece of property for industrial development without doing a geotechnical survey first?

 

[chief38]

If they happen to move their production out of the US, the Gov't can then ban importation of ammo and guess what........

 

[glenwolde]

If they happen to move their production out of the US, the Gov't can then ban importation of ammo and guess what........

It would be cheaper to just build the production capability overseas rather than move it all. I don't think they're spending almost $2 Billion just to shut it down.

 

[The Norseman]

It’s only business

Not only is this a loss to America but
most importantly Land/Property was
sold to a foreign business.

 

[zumatodd]

Czechoslovak Group Acquires Federal, CCI, Hevi-Shot, Remington Ammo & Speer | An Official Journal Of The NRA

 

[DWalt]

With the facilities, equipment, technology, and knowledgeable personnel already in place within the USA, it would take a truly major economic benefit as an incentive to move the ammunition making operations to a foreign location. But it is not impossible.

 

[pmanton]

They'll convert all the ammo to Bearden primers.

 

[coltle6920]

Czech company to buy up several ammo manufacturers

Anyone else see this yet and wonder what the future might bring?

 

[Racer X]

yeah, Vista Outdoors being spun off and sold.