Vista Outdoor completed the acquisition of ammunition and accessories assets of Remington for $81m.

Vista Outdoor, a global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, completed the acquisition of ammunition and accessories assets of Remington Outdoor, a designer and manufacturer of firearms and ammunition, for $81m. "With our deep expertise and resources, we can transform Remington's ammunition and accessories businesses to create a more efficient, profitable and sustainable operation. At the same time, by rescuing the Remington ammunition businesses from bankruptcy, we will protect hundreds of jobs, support wildlife and habitat conservation and ensure that hunting and shooting sports enthusiasts can continue to purchase their favorite ammunition and accessories. We look at this acquisition as a means of better-serving millions of consumers with the products they love from one of the country's original and best-known brands, while furthering Vista Outdoor's mission of being a powerhouse of passionate outdoor sports and recreation brands," Chris Metz, Vista Outdoor CEO.