Vista Outdoor Completes Acquisition of CamelBak Products, LLC

By Justin Stakes

Acquisition Complements and Expands Vista Outdoor’s Outdoor Products Portfolio

Clearfield, UT -(AmmoLand.com)- Today, Vista Outdoor Inc. (NYSE: VSTO) announced it has completed the acquisition of CamelBak Products, LLC, a leading provider of personal hydration solutions for outdoor, recreation and military use.

“CamelBak helps strengthen and expand Vista Outdoor’s presence in the outdoor sports and recreation market,” said Mark DeYoung, Vista Outdoor’s Chairman and CEO. “Their highly recognizable and respected products are used by all manner of outdoor sports enthusiasts and complement every activity where Vista Outdoor’s products are currently used. This acquisition will help our company provide an even broader portfolio of trusted brands for our consumers.”

On July 27, Vista Outdoor announced it had entered into a definitive agreement to acquire CamelBak. Under the terms of the transaction, Vista Outdoor paid $412.5 million, subject to a customary working capital adjustment, utilizing cash on hand and borrowings under its existing credit facilities. Vista Outdoor expects calendar year 2015 net sales for CamelBak of approximately $160 million. Absent transaction and transition costs, Vista Outdoor expects the acquisition to be accretive to Fiscal Year 2016 (FY16) earnings per share (EPS). Vista Outdoor will provide information relating to CamelBak’s impact on FY16 …read more

Source:: AmmoLand