= It's Final = Vista Outdoor ammunition companies sold to Czechoslovak Group

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Sale of Vista Outdoor Kinetic Group (Federal, Speer, CCI, Remington, Alliant) has been delayed due to a bidding war - https://www.thehighroad.org/index.php?threads/no-more-2400.933754/page-3#post-12977791

"... sale of Vista Outdoor ammunition unit, Kinetic Group (Alliant powders, CCI, Federal, Remington, Speer), to CSG received Committee on Foreign Investment regulatory approval in June of 2024 - https://www.reuters.com/markets/dea...e-approval-sporting-unit-sale-csg-2024-06-25/

In July, after rejecting multiple offers from MNC Capital (Based out of Canada), Vista Outdoor agreed to sell Kinetics Group to CSG with shareholder vote approving the sale. But since, MNC Capital entered into a bidding war with CSG and shareholder vote has been delayed with higher offer of $43/share from $42/share - https://seekingalpha.com/news/41484...te-on-ammunition-sale-after-increased-mnc-bid

Next shareholder vote will be on September 27 unless it is delayed again.​

But in the end, Kinetic Group will be sold to either CSG or MNC Capital."​


And it's final. Vista Outdoor Kinetic Group (CCI, Federal, Remington, Speer, Alliant) is being sold to CSG - https://news.vistaoutdoor.com/newsr...Combination-with-CSG-Transaction/default.aspx

10/4/24 - Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) today announced it has ... entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for the Kinetic Group to $2.225 billion.​
... “We look forward to creating long-term value at The Kinetic Group as part of the CSG portfolio,” said Michal Strnad, CEO and Owner of CSG. “The Kinetic Group has a deep heritage of delivering high-quality, innovative products and we will provide significant resources, investment and expertise to continue growing the business and serving its customers with leading ammunition products. We are confident CSG’s acquisition of the Kinetic Group is the best outcome for Vista Outdoor stockholders, employees of the Company and the American economy.”​

Transaction Details

Vista Outdoor and CSG have received all regulatory approvals required under the merger agreement for the CSG Transaction and are prepared to close the CSG Transaction prior to the end of 2024, subject to receipt of stockholder approval and satisfaction of other customary closing conditions. CSG and Vista Outdoor have mutually agreed to extend the termination date of the CSG merger agreement to December 11, 2024.​

In connection with the announcement ... the Company will adjourn the special meeting of stockholders currently scheduled for October 9, 2024.​

Additional details will be filed with the U.S. Securities and Exchange Commission.​

About CSG

The global industrial and technological group CSG, owned by Czech entrepreneur Michal Strnad, has key production facilities in the Czech Republic, Slovakia, Spain, Italy, India, the UK, and the U.S. and exports its products worldwide. CSG is continuously investing into the development of its companies while expanding in its core business areas. The Group includes, for example, the Czech truck manufacturer Tatra Trucks, the world's leading manufacturer of small caliber ammunition Fiocchi, and the Czech radar manufacturer Eldis. More than 10,000 employees work in the companies included in the CSG group and in their associated companies. In 2023, the Group's consolidated sales reached USD 1.73 billion. CSG's main fields of activity are the engineering, automotive, rail, aerospace, and defense industries and small caliber ammunition production. CSG's products can be found on all continents thanks to its strong export orientation.​

CSG's companies in Europe are major suppliers of tanks, artillery systems and high caliber ammunition for Ukraine which is co-financed also by the U.S. and other NATO member states.​
 
While I could wish that ownership remained in the US, the Czechs have a long and successful history with arms and materiel design and production. This should be a much better outcome than a venture capital acquisition.
Ya, I trust the Czechs far more than I would ANY US company at this point. It shouldn't be that way..but there it is.

When all you worry about is the next quarter instead of the next quarter century, you tend to lose the faith of your customers.
 
Ya, I trust the Czechs far more than I would ANY US company at this point. It shouldn't be that way..but there it is.

When all you worry about is the next quarter instead of the next quarter century, you tend to lose the faith of your customers.

Hopefully this brings stability, innovation and future business growth to these entities.

Vulture capital firms are the worst (Hello Cerebus!). I, too am glad none of those groups took the reins.

Now, lets get some Unique back on the shelves! :thumbup:

Stay safe.
 
I for one, wouldn't want any company based in Canada, to have that kind of control!

When I heard an Aussie company bought Barrett, I was worried, but the CEO sounds like a good guy. Should be plenty of Barrett's on the market for years.
 
They make great handguns, that's for sure. I bought a CZ P-10C just last week to join the herd.
They don't make that. CZ is a different company. No connection.

CSG is a relatively new company that mostly rebuilds Soviet block tanks, builds trucks (tatra) and artillery ammunition. They recently bought Fouchi ammo, and now Vistas ammo group as well.

They actually don't appear to make small arms...just bigger stuff.
Still, knowing what I know about the Czechs, and how they thumb their nose at the EU over gun control, business practices, taxes..going even so far as to threaten to disconnect off their power grid because they didn't want to hear the EUs crap. They have been backstabbed by the west and east...so they don't trust anyone...so it's why I TRUST THEM.

I think this is a very good thing. Sucks a US company doesn't get it like they do....
 
While I could wish that ownership remained in the US, the Czechs have a long and successful history with arms and materiel design and production. This should be a much better outcome than a venture capital acquisition.
Agreed. Private equity is really about maximum short-term extraction of resources at the expense of the companies acquired. This is a far better result.
 
I hate to say this guys, but I never had the chance to vote on the sale. I was expecting a mail in ballot. I wonder how many other stock holders were over looked?
 
They don't make that. CZ is a different company. No connection.

CSG is a relatively new company that mostly rebuilds Soviet block tanks, builds trucks (tatra) and artillery ammunition. They recently bought Fouchi ammo, and now Vistas ammo group as well.

They actually don't appear to make small arms...just bigger stuff.
Still, knowing what I know about the Czechs, and how they thumb their nose at the EU over gun control, business practices, taxes..going even so far as to threaten to disconnect off their power grid because they didn't want to hear the EUs crap. They have been backstabbed by the west and east...so they don't trust anyone...so it's why I TRUST THEM.

I think this is a very good thing. Sucks a US company doesn't get it like they do....
I was a little uneasy seeing fiocchi tired in until you noted it was a recent acquisition. Fiocchi had terrible brass qc in my experience. Like throw it in the recycling bin bad.
 
Never good to have so much, i.e., cartridges, powder, bullets, etc. in the hands of one owner, especially a foreign one.
We need to manufacture ammo and especially all the components here. We're walking around with our flap open. That extends to all manufacturing. An administration that will bring it back is essential to our ultimate survival. Tort reform is the first step.

Meanwhile we'll chew fingernails and stock up.
 
I hate to say this guys, but I never had the chance to vote on the sale. I was expecting a mail in ballot. I wonder how many other stock holders were over looked?
I spoke too soon. 5 days later, I received my advisory mail in ballot. I also received an information book, the size of a dictionary. Looks like the sale is going through
on December 25, 2024.
 
We need to manufacture ammo and especially all the components here. We're walking around with our flap open. That extends to all manufacturing. An administration that will bring it back is essential to our ultimate survival. Tort reform is the first step.

Meanwhile we'll chew fingernails and stock up.
I agree wholeheartedly. But this is the lesser of two evils.
We need to be a US first country. I buy American as much as I can afford. But they're making it difficult.
 
We need to manufacture ammo and especially all the components here. We're walking around with our flap open. That extends to all manufacturing. An administration that will bring it back is essential to our ultimate survival. Tort reform is the first step.

Meanwhile we'll chew fingernails and stock up.
Military ammo and equipment is mostly sourced in CONUS..for obvious reasons.

Far as civilian ammo..most powder comes from feign nations. Has for a long time. No stick type powders are made in the US. When DuPont got out of the gunpowder business..it was picked up in Canada. The rest comes from Sweden, Norway, and Australia. Until very recently..even black powder came from Switzerland.

The only powders made here are ball powders from St Marks in Florida and flake powders from Virginia.

It get wanting US companies...but the facilities are in the US. CSG isn't moving anything. The plants will still be here..along with the existing supply chain. If anything...more powders and components may become available from The Czech Republic and firmer eastern block...

I do get it..but the present state of most US companies these days..that seem to be run by mostly idiots and morons who only care about the next quarter, as I said already, I trust the Czechs far more than I do most of our present leadership..in business at least..maybe even politics...
 
Military ammo and equipment is mostly sourced in CONUS..for obvious reasons.
Doesn't matter. When you have a real war, not a proxy fight in the desert with some tribals, you need everything you can get your hands on. WWII is the prime example of this, enormous quantities of material manufactured by companies that were not supplying the military or even building arms before the war.
Reserve industrial capacity is a national imperative. Really you want the US to be a massive ammo exporter, so that in a war you can cut off the foreign supply and have it for yourself.

Having production bought up by foreign nationals that will seek to offshore it is a terrible step.
 
Doesn't matter. When you have a real war, not a proxy fight in the desert with some tribals, you need everything you can get your hands on. WWII is the prime example of this, enormous quantities of material manufactured by companies that were not supplying the military or even building arms before the war.
Reserve industrial capacity is a national imperative. Really you want the US to be a massive ammo exporter, so that in a war you can cut off the foreign supply and have it for yourself.

Having production bought up by foreign nationals that will seek to offshore it is a terrible step.
It's not just ammo. Microchips, auto manufacture/heavy industry, aeronautics, software, etc. are a critical part of national infrastructure. This, BTW, is why the French make the Mirage fighter and carried the FAMAS for so long.

However, leaving any of these fields up to venture capital is a huge mistake, because they will gladly destroy whole industries if it makes them a profit.
 
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