Vista Outdoor Acquires Hunting Gear Maker Stone Glacier For Undisclosed Sum

Vista Outdoor Inc VSTO has acquired Montana-based hunting gear manufacturer Stone Glacier for an undisclosed sum.
Founded in 2012 by Kurt Racicot, Stone Glacier designs and manufactures durable gear coveted by discerning backcountry adventurers.
The company expects the deal to allow it to enter the packs, camping equipment, and technical apparel categories.
Vista Outdoor anticipates the transaction immediately accretive to earnings, excluding transaction and transition costs.
Vista Outdoor used cash on hand and available liquidity under its asset-based revolving credit facility to complete the transaction. It held $265.3 million in cash and equivalents as of September 30, 2021.
Price Action: VSTO shares closed higher by 0.68% at $41.43 on Monday.