Consumer Goods M&A » By The Online Investor Staff, updated Fri., Apr. 19, 9:54 AM
Recent mergers and acquisitions in the Consumer Goods M&A category.
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Slide #8. Smith & Wesson Holding Corporation — Tri Town Precision Plastics, Inc.
Acquirer:
Smith & Wesson Holding Corporation (SWHC)
Acquiree:
Tri Town Precision Plastics, Inc.
Details:
Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leader in firearm manufacturing and design, today announced that it has successfully completed, through a newly formed, wholly owned subsidiary called Deep River Plastics, LLC, the purchase of substantially all of the assets of Tri Town Precision Plastics, Inc., a provider of custom injection molding services, rapid prototyping, and tooling, and a key polymer parts supplier to Smith & Wesson. Through the transaction, which was originally announced on March 24, 2014, Smith & Wesson acquires a state-of-the-art operation housed in 150,000 square feet of leased manufacturing space that incorporates 45 injection molding machines and complete tool-building capabilities. Smith & Wesson paid $22.8 million for the acquired assets, using cash on hand.
American Outdoor Brands is a manufacturer of firearms. Co. manufactures handguns, including revolvers and pistols, long guns, including sporting rifles, bolt action rifles, and single shot rifles, handcuffs, and firearm-related products and accessories. Co. also provides shooting, hunting, and outdoor accessories, including reloading, gunsmithing, gun cleaning supplies, tree saws, and vault accessories. Co. sells its products under the Smith & Wesson, M&P, Thompson/Center Arms, Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Frankford Arsenal Reloading Tools, Lockdown Vault Accessories, Hooyman Premium Tree Saws, BOG-POD, and Golden Rod Moisture Control brands.
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