Smith & Wesson’s Battenfeld Technologies to Acquire UST Brands
SPRINGFIELD, Mass. -(Ammoland.com)- Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leading manufacturer of firearms and provider of quality accessory products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its Outdoor Products & Accessories segment, through a subsidiary of Battenfeld Technologies, Inc., will acquire the business of Ultimate Survival Technologies, Inc. (“UST Brands”), a provider of high quality survival and camping equipment, in an asset acquisition for $32.3 million in cash.
In addition, up to $2.0 million will be due over a period of two years following the closing, contingent upon the financial performance of the acquired business.
UST Brands is a recognized provider of some of the finest survival and camping equipment on the market.
The UST Brands line of personal safety and survival tools includes LED lights, patented all-weather fire starters, unbreakable signal mirrors, premium outdoor cutting tools, first aid kits, signal whistles, survival kits, camp kitchen products, and more.
UST Brands’ products are sold through a variety of outdoor, sporting goods, and large retailers, as …Read the Rest
Source:: AmmoLand
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