- 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.
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