American Outdoor Brands to separate into two independent companies.

American Outdoor Brands, a provider of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast, decided to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders. Financial terms were not disclosed. Each company will benefit from a distinct strategic and management focus on its specific operational and growth priorities. "Since joining AOBC ten years ago, I have had the honor of leading our firearms business, its dedicated and talented employees, and one of the most iconic brands in America through a very exciting period. I am proud to say that, during that time, we greatly expanded the breadth and depth of our Smith & Wesson®, M&P®, Performance Center®, and Thompson/Center Arms™ product offerings that consumers and professionals rely on for their self-protection and sporting needs," James Debney, AOBC President, and CEO.