Acquisition Will Add Survival and Camping Brands to Accessories Platform – Closing Expected November 2016
Smith & Wesson Holding Corporation, a leading manufacturer of firearms and provider of quality accessory products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its Outdoor Products & Accessories segment, through a subsidiary of Battenfeld Technologies, Inc., will acquire the business of Ultimate Survival Technologies, Inc. (“UST Brands”), a provider of high quality survival and camping equipment, in an asset acquisition for $32.3 million in cash. In addition, up to $2.0 million will be due over a period of two years following the closing, contingent upon the financial performance of the acquired business.
UST Brands is a recognized provider of some of the finest survival and camping equipment on the market. The UST Brands line of personal safety and survival tools includes LED lights, patented all-weather fire starters, unbreakable signal mirrors, premium outdoor cutting tools, first aid kits, signal whistles, survival kits, camp kitchen products, and more. UST Brands’ products are sold through a variety of outdoor, sporting goods, and large retailers, as well as through online merchandisers. Based in Jacksonville, Florida, UST Brands operates from a 100,625 square foot facility.
James Debney, President and Chief Executive Officer of Smith & Wesson, said, “We are very excited to announce the acquisition of UST Brands. 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. By expanding its product portfolio and retail presence, UST Brands delivered impressive compound annual revenue growth of 49% from 2012 through 2015. We believe that UST Brands’ broad distribution network, which includes strategic retailers, online retailers, and distributors, will create incremental opportunities for our existing accessories products. Moreover, we believe that the UST Brands product portfolio will benefit synergistically from the product innovation, distribution network, and efficient sourcing model that have contributed to the success of our Accessories Division under the leadership of its President, Jim Gianladis.” Continue reading
Tool Retailer Says They Will Defer to Local Laws
Harbor Freight, purveyor of cheap, foreign, disposable tools, caused a bit of a stir recently over their policy on legally carrying firearms into their stores. In defending the policy, the company wrote on facebook, “[…] this policy is intended to provide an environment where all our customers feel comfortable […] all firearms should be left in your car while shopping at Harbor Freight.“
Shortly thereafter, and following much outcry from firearm carry advocates, the company issued a “clarification” of their position. And, apparently, “clarification” means “reversal.” The company posted: Continue reading
Three Year Sales Growth of 207 Percent
Ranks No. 44 in Manufacturing and No. 3 in New York
LaserMax, leading producer of premium weapons-related laser systems for personal protection, law enforcement and the military markets, today announced it has been named to the prestigious 2014 Inc. 500|5000 list of fastest-growing private companies in America. This is the second time LaserMax has made the list, which has become the hallmark of entrepreneurial success recognizing innovation, leadership and revenue growth.
Ranked 1,964 nationally, Rochester, NY-based LaserMax reported a three year revenue growth of 207 percent from 2010 to 2013. Such considerable growth finds LaserMax ranking 44 in the nation in manufacturing and number 3 in New York State.
“LaserMax is excited and honored to have been recognized for the dynamic growth we have achieved,” said Susan Houde-Walter, PhD., CEO of LaserMax, a Certified Women-Owned Small Business. “We will continue to provide relevant and effective solutions that offer the ‘good guys’ the upper hand,” she added. Continue reading
For a limited time, the National Shooting Sports Foundation is offering retail/range memberships for as little as $35 to celebrate 35 years of the NSSF’s SHOT Show. The 35th anniversary special represents savings of over 50% for ranges and retailers with annual sales of shooting and hunting items less than $10M.
Available through the 2013 SHOT Show, this deal will provide operators of shooting ranges and retailers of firearms and accessories an even more affordable way to experience what NSSF membership has to offer. Range/Retailer membership benefits include a 24-hour FFL hotline, access to ATF compliance consulting with former ATF officials, access to NSSF research and a more.
“You can’t pass up this deal,” said Continue reading