Smith & Wesson To Buy Survival Equipment Maker UST
BY Herschel Smith
8 years, 1 month 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.
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On November 7, 2016 at 11:52 am, Fred said:
They won’t move until it hurts. Human nature.