Vista Outdoor Announces Closing Of The Acquisition Of Fox Racing
08/08/22, 11:12 AM
Location
anokaIndustry
manufacturing
Vista Outdoor Inc. (NYSE: VSTO), the parent company of 40 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced the closing of its acquisition of Irvine, Calif.-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing's financial performance. The addition of Fox Racing, a global icon in performance motocross, mountain bike and lifestyle gear for adventure seekers, allows Vista Outdoor to add yet another category-leading brand to its portfolio while maintaining a strong balance sheet and reinvesting in its existing business to drive organic growth.
Company Info
Location
Anoka, Minnesota, United States
Company info
Vista Outdoor is a leading global designer, manufacturer, and marketer of outdoor recreation and shooting sports products. We operate through two reportable segments: Shooting Sports and Outdoor Products. Together, our segments serve the outdoor sports and recreation markets through a diverse portfolio of well-recognized brands that provide consumers with a wide range of performance-driven, high-quality, and innovative products. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Bell Helmets, Camp Chef, Giro, QuietKat, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website or investor relations page and follow us on Twitter.
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