Revelyst Announces Sale of RCBS
May 02 2024 - 7:00AM
Business Wire
The company has sold the longtime reloading brand to Hodgdon
Powder.
Revelyst, a collective of world-class maker brands that design
and manufacture performance gear and precision technologies and a
segment of Vista Outdoor Inc. (NYSE: VSTO), today announced the
sale of RCBS, the company’s Oroville, California-based reloading
brand, to Hodgdon Powder Co. Inc., a Shawnee, Kansas-based supplier
of smokeless and black powder substitute propellants.
RCBS is a leading manufacturer of ammunition reloading equipment
for hunters, competition shooters and sporting enthusiasts. Through
this transaction, Revelyst found the right home for RCBS with
Hodgdon, a market leader in American manufacturing, smokeless
powder, clean black powder substitute and now reloading
equipment.
“At Revelyst, each and every day we honor the makers behind our
brands and products — from the innovations they create to the
cultures they build,” said Eric Nyman, CEO of Revelyst and co-CEO
of Vista Outdoor. “For more than 80 years, RCBS has lived this
maker-fueled ideal. We are thrilled for RCBS and their new
connection with Hodgdon Powder. This transaction joins two iconic
brands, and it ensures that RCBS is positioned for success in the
next chapter of its history.”
Revelyst received interest from multiple parties looking to
acquire RCBS, whose strong culture, 80-year history, value
proposition in the market and alignment with the existing Hodgdon
portfolio makes this transaction the best path forward for the
brand.
“As part of Hodgdon, RCBS is positioned for growth with a
company whose deep history in ammunition components, domestic
manufacturing, and reputation with core shooting sports enthusiasts
will help RCBS flourish,” said Steve Kehrwald, president and CEO of
Hodgdon Powder. “Under Hodgdon’s ownership, RCBS can continue its
operational excellence, growth and scale across the shooting sports
industry.”
The sale is effective immediately. The teams are excited to
transition the business and continue to serve valued customers for
years to come.
“Selling RCBS allows us to raise cash to create a more dynamic
portfolio for our company’s future,” said Andy Keegan, CFO of
Revelyst. “Revelyst will use proceeds from the sale to enhance the
operational efficiencies of the company’s power brands, evaluate
bolt-on acquisitions, and invest in maker-fueled innovation and
organic growth.”
Baird served as exclusive financial adviser and Reed Smith LLP
served as legal adviser to Revelyst on this transaction.
About RCBS
RCBS has dedicated itself to the craft of reloading ammunition
since it was founded in 1943. RCBS started with one simple bullet
die and has grown into the leading manufacturer of reloading
equipment for rifles and pistols. Reloading is an exact process
with tight tolerances. It requires precision and skill to be done
correctly. That’s why RCBS makes state-of-the-art products –
everything from presses, dies, shell holders, powder measurers and
priming products. All are backed by RCBS’s industry-leading
reputation to give you a premium reloading experience. RCBS:
Precisioneered Reloading. For more information, visit www.rcbs.com,
connect on Instagram at www.instagram.com/rcbsreloading/ or on
Facebook at www.facebook.com/RCBSReloading/.
About Hodgdon Powder Company, Inc.
Established in 1947 by Bruce and Amy Hodgdon, today, sons J.B.
and Bob have grown Hodgdon Powder Company into the largest U.S.
supplier of smokeless and black powder substitute propellants. The
company distributes gunpowder under the Hodgdon®, IMR®, Ramshot®,
Acccurate®, Winchester®, Pyrodex®, Triple Seven® and Blackhorn 209®
brands.
About Revelyst
Revelyst, a segment of Vista Outdoor Inc. (NYSE: VSTO), is a
collective of world-class maker brands that design and manufacture
performance gear and precision technologies. Our category-defining
brands leverage meticulous craftsmanship and cross-collaboration to
pursue new innovations that redefine what is humanly possible in
the outdoors. Portfolio brands include Foresight Sports, Bushnell
Golf, Fox, Bell, Giro, CamelBak, Bushnell, Simms Fishing and more.
For more information, visit our website at www.revelyst.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240502755138/en/
RCBS Media Contact: Matt Rice Phone: 913-689-3713 Email:
matt.rice@vistaoutdoor.com
Hodgdon Media Contact: Aaron Oelger Email:
aoelger@hodgdon.com
Revelyst Media Contact: Eric Smith Phone: 720-772-0877
Email: media.relations@revelyst.com
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