Smith & Wesson To Buy Survival Equipment Maker UST
BY Herschel Smith8 years ago
Smith & Wesson Holding Corp. SWHC, +2.06% said Friday that it was buying survival and camping equipment maker Ulitmate Survival Technologies Inc. for $32.3 million in cash. The gun maker expects the acquisition, which will be made through its Battenfeld Technologies subsidiary, to close later this month. UST’s trailing 12-month revenue was about $24 million. “With its complete offering of survival gear, UST Brands is our first acquisition that is entirely focused on the outdoor market, which is a key part of our vision to become the leading provider of quality products for the shooting, hunting, and rugged outdoor enthusiast,” said Smith & Wesson Chief Executive James Debney.
Hey, I have a better idea, and I’ve told you about this before. Get out of that communist state you’re in and relocate South where all the other gun manufacturers are coming.
On November 7, 2016 at 11:52 am, Fred said:
They won’t move until it hurts. Human nature.