[10] ATK and Orbital Sciences filed a joint proxy statement and prospectus describing the share issuance with the Securities and Exchange Commission on December 17, 2014. The company has manufacturing and support facilities spread over 11 American. [48][9], In July 2022, Vista Outdoor bought Fox Racing for $540 million. [32], Many of Vista's brands are associated with shooting and hunting. All rights reserved. Vista Outdoor Inc designs, develops, and manufactures outdoor sports and recreation products, and is domiciled in the United States. [64], In January 2016, Vista opened a factory in American Fork, Utah to manufacture Gold Tip and Bee Stinger archery products. Headquartered in Anoka, Minnesota, we operate in dozens of locations and employ nearly 6,000 skilled employees worldwide. The Vista Outdoor Foundation is supporting 12 nonprofit organizations in Fiscal Year 2023. . Proceeds were partially used to pay down debt. Also known as Bushnell Outdoor Products, Bushnell specializes in optics. Our Brands. Anyone holding ATK common stock at the end of the business day on February 2, 2015, received two shares of Vista Outdoor common stock. ID: 4431164. Tasco is a major international distributor of telescopes. See More Acquisitions & Subsidiaries. ANOKA, Minn., Feb. 16, 2021 /PRNewswire/ --Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets, today announced that it has commenced a private offering of $350 million aggregate principal amount of senior notes due 2029 (the "Notes"). to track speed with an accuracy of 1mph (1.6km/h) within a range of 1,500ft (460m). Summarize this article for a 10 years old, Vista Outdoor Inc. is an American designer, manufacturer, and marketer of outdoor sports and recreation products. Boll, Cb and Serengeti were part of Vista Outdoor's acquisition of Bushnell in 2013. Vista Outdoor Inc Locations - Headquarters & Offices - GlobalData Vista Outdoor - Investors - Financials - Annual Reports He served as the CEO and president of Arctic Cat from 2014 to 2017. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. After submitting your request, you will receive an activation email to the requested email address. Vista Outdoor Company Profile: Stock Performance & Earnings - PitchBook ANOKA, Minn., May 5, 2022 /PRNewswire/ -- Vista Outdoor Inc. ("Vista", the "Company" or "we") (NYSE: VSTO) today announced that its Board of Directors has unanimously approved a plan to. [15], On May 1, 2018, Vista Outdoor announced that it would consider selling its gun manufacturing subsidiaries[16] and Bell, Giro, Blackburn, and Jimmy Styks, to focus on its core brands for outdoors enthusiasts. [53], QuietKat is a manufacturer of electric bicycles. Vista Outdoor Inc. (Form: 10-K, Received: 05/20/2021 16:04:48) Terms & Conditions - Vista Outdoor Any employee or supplier found to be in violation of our standards will be subject to remedial action, up to and including termination. In July 2018, Vista Outdoor announced it had reached an agreement with a European private equity fund to sell the Boll, Cb and Serengeti eyewear brands. It lost $648 million. This transaction was conducted on a tax-free basis. It is a "house of brands"[4] with more than 40 labels and subsidiaries. Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The company organizes itself into two segments: Shooting sports and Outdoor products. The company was founded in 1948 by David P. Bushnell, when he returned to California from his honeymoon in Japan with two crates of binoculars and sold them by mail order. . VSTO SEC Filings - Vista Outdoor Inc - Annual Report, Proxy - Fintel You can unsubscribe to any of the email alerts you are subscribed to by visiting the 'unsubscribe' section below. 1 Bushnell Holdings, Inc. also does business as Bushnell Outdoor Products 2 Bushnell Inc. also does business as Bushnell Outdoor Products After submitting your request, you will receive an activation email to the requested email address. Learn more. If you experience any issues with this process, please contact us for further assistance. Brands - Vista Outdoor Vista . Such subsidiaries will be a Covered Employer only during the period of time that the subsidiary is both owned by Vista Outdoor and is a participating employer in other corporate-level Vista Outdoor U.S. employee benefit plans, including without limitation the Vista Outdoor Inc. 401(k) Plan. You must click the activation link in order to complete your subscription. Vista Outdoor used a combination of approximately $51 million of cash on hand and approximately $30 million from its asset-based revolving credit facility to complete this transaction. This information is available in the PitchBook Platform. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. [46], Vista Outdoor announced the acquisition of Camp Chef in September 2016. Vista Outdoor - Wikiwand Learn about working at Vista Outdoor from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. The additional space is used for research and development, improved production processes, and better employee amenities. The company's line of products mainly target amateur astronomers but has grown to include many products besides telescopes. Pursuing innovation and maintaining high-quality standards is in the DNA of Vista Outdoor, our processes and the performance of our products. The Centers of Excellence we have built will reside within the Outdoor Products business and continue to provide meaningful industry differentiation. This is necessary due to the sharp drop in ammunition sales that followed the election of President Donald Trump. [58][60], Under DeYoung, Vista Outdoor took on about $1 billion of debt to finance a series of acquisitions. We tirelessly evolve our products in ways that match the drive of the people who put them to work in the field, on the course, in the wild and on the battlefield. Here are 3 recent advertisements placed by Vista Outdoor and its subsidiaries. CCI was previously known as the Speer Ammunition Company. [42], Vista Outdoor's Alliant Powder division makes smokeless gunpowder. Vista Outdoor Inc., a publicly traded maker of a firearms-ammunition business that was once part of Alliant Techsystems back when ATK was a Minnesota company, has shifted its headquarters back. General eGift Card Terms and Conditions The effective multiple of the transaction was approximately 6.4x Camp Chef's expected calendar year 2016 EBITDA. CCI was founded in 1951 by Dick Speer, brother of Speer Bullets founder Vernon Speer. As of December 2019, that debt has been reduced to $562 million. to send you the requested Investor Email Alert updates. Vista reported that "the Company's preliminary analysis indicates the impairment charge will be in the range of $400 million to $450 million. Michael's of Oregon was based in Oregon City. Outdoor Products will be led by a dedicated management team that will be better positioned to focus on capturing value in distribution channels, supply chain management and logistics. The other members of the Sporting Products leadership team will be announced at a later date. What You Need To Know About Vista Outdoor Inc.'s (NYSE:VSTO - Nasdaq In 1971, Bushnell sold his company to Bausch & Lomb. [31], Bushnell produces WeatherFX personal weather stations for hikers, campers, and others who can use it to keep informed of potentially hazardous weather issues while away from home. To build powerhouse brands that empower people to achieve their goals and live their best outdoor lives. The company also makes gear for camping, hiking, skiing, and biking such as flashlights, headlamps, lanterns, helmets, goggles, GPS locators, etc. And we are hyper-focused on Free Cash Flow generation through cost cutting, working capital management and disciplined capital expenditures. vista outdoor, and its parents, subsidiaries, related companies, agents, officers, directors, employees, successors, assigns, contractors, service providers and affiliates provide the vista outdoor sites "as is" without warranty of any kind, express or implied, and expressly disclaim any implied warranties of title, merchantability, fitness . As a condition of doing business with us,our suppliers warrant that all Goods and Services (including materials incorporated into the Goods) . [14], Metz resigned in early 2023 after Vista Outdoor's board of directors expressed a loss of confidence in his leadership. Cision Distribution 888-776-0942 The annual course provides awareness on human trafficking and slavery, information on how to identify human trafficking and slavery risks in a supply chain, and prevention and mitigation efforts when human trafficking is suspected. Jimmy Styks makes stand-up paddleboards and accessories. Our consumers, people and love of the outdoors drive us forward in our mission to bring the world outside so that we can bring them closer together. The Company has posted an investor presentation to its website and will host a conference call at 9:00 am ET to discuss the results and today's announcement. [69], Vista Outdoor announced that Bozeman, Montana will be the location of its headquarters for outdoor products. This is a profile preview from the PitchBook Platform. NYSE: VSTO 27.25 / 1.04 Supply Chain Transparency Disclosure At Vista Outdoor we insist on ethical behavior and respect for human rights and require that our suppliers do the same. If you experience any issues with this process, please contact us for further assistance. Some of the statements made and information contained in this press release, excluding historical information, are "forward-looking statements," including those that discuss, among other things: our plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor and the assumptions that underlie these matters. The same month, the Department of Justice approved to the merger and spinoff. [29], On January 11, 2017, Vista Outdoor disclosed that it expected to record "a material asset impairment charge in its hunting and shooting accessories reporting unit" for the third quarter of its fiscal year 2017. Announces Restructuring, Plans to Sell Boll, Serengeti and Cb Brands", "Vista Outdoor Announces Sale of Boll, Cb and Serengeti Brands", "Savage Arms bought by management-led investors for $170 million; company employs about 300 in Westfield", "REI Will Do Business With Vista Outdoor After Sale of Savage, Stevens", "Vista Outdoor Announces Closing of the Acquisition of Remington Outdoor Company's Ammunition and Accessories Assets", "Vista Outdoor to acquire Fox Racing for $540 million", "Why Vista Outdoor Inc. Stock Crashed 26% Today", "Vista Outdoor's stock sinks after earnings report", "Anoka's Vista Outdoor donating 1 million ammunition rounds to Ukraine", "How A Recent Spin Off Has Become A Company To Watch", "ATK spinoff affects KC workers at Bushnell, Lake City Ammo Plant", "CCI's Eric Graufffel World IPSC Champion", "So, Really, Where is the .22 Rimfire Ammo?