The deal involves Vista selling all its issued and outstanding equity interests of Caliber Co., the legal entity operating Vista’s Savage Arms and Stevens firearms brands, for $158 million and another $12 million in notes payable in five years.
The move was expected since the Anoka-based company previously said it planned to refocus on its ammunition business and a handful of other brands, including outdoor cooking and Camelbak water bottles and packs. Vista also makes bicycle gear such as Bell and Giro.
The deal involves Vista selling all its issued and outstanding equity interests of Caliber Co., the legal entity operating Vista’s Savage Arms and Stevens firearms brands, for $158 million and another $12 million in notes payable in five years.
The move was expected since the Anoka-based company previously said it planned to refocus on its ammunition business and a handful of other brands, including outdoor cooking and Camelbak water bottles and packs. Vista also makes bicycle gear such as Bell and Giro.