Daisy Outdoor Products

Vista Outdoor, Sport Dimension Announce License Renewal for Jimmy Styks Brand

Retrieved on: 
Wednesday, December 13, 2023
Retail, General Sports, Manufacturing, Fishing, Other Sports, Water Skiing, Other Consumer, Swimming, Surfing, Sailboarding, Sports, Other Retail, Outdoors, Specialty, Other Manufacturing, Consumer, SUP, Channel, Vista Outdoor, NYSE, ISUP, Inflatable, Multimedia, Heart, Puffer, Partnership, Daisy Outdoor Products, Water, Publication, Video game, Tourism, Pescado Rabioso

View the full release here: https://www.businesswire.com/news/home/20231212678786/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231212678786/en/
    The companies announced the multi-year renewal of their brand license for Jimmy Styks, a SUP market leader acquired by Vista Outdoor in 2015 that now falls under the company’s Revelyst segment.
  • (Graphic: Business Wire)
    Vista Outdoor acquired Jimmy Styks in 2015 and began a brand license partnership with Sport Dimension Inc. in 2020.
  • Jimmy Styks’ SUP portfolio provides easy-to-use platforms for water sport enthusiasts engaging in activities ranging from personal fitness to fishing.
  • “We are excited to announce the continuation of our brand license partnership with Sport Dimension Inc., which will keep the Jimmy Styks legacy intact for years to come,” said Jordan Judd, President and General Manager, Outdoor Performance, Revelyst.

Vista Outdoor Rejects Unsolicited Proposal from Colt CZ

Retrieved on: 
Thursday, November 30, 2023
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We refer to (i) the agreement and plan of merger dated as of October 15, 2023, between Vista Outdoor Inc. (“Vista”), Revelyst, Inc., CSG Elevate II Inc., CSG Elevate III Inc., and, solely for the purposes of the Guarantor Provisions as defined therein, CZECHOSLOVAK GROUP a.s. (the “CSG Merger Agreement”) and (ii) the letter from Colt CZ Group SE (“Colt CZ”) to the Board of Directors of Vista dated as of November 22, 2023, outlining a proposal pursuant to which Colt CZ and Vista would be combined (the “November 22 Proposal”).

Key Points: 
  • We refer to (i) the agreement and plan of merger dated as of October 15, 2023, between Vista Outdoor Inc. (“Vista”), Revelyst, Inc., CSG Elevate II Inc., CSG Elevate III Inc., and, solely for the purposes of the Guarantor Provisions as defined therein, CZECHOSLOVAK GROUP a.s. (the “CSG Merger Agreement”) and (ii) the letter from Colt CZ Group SE (“Colt CZ”) to the Board of Directors of Vista dated as of November 22, 2023, outlining a proposal pursuant to which Colt CZ and Vista would be combined (the “November 22 Proposal”).
  • Vista’s Board of Directors has reviewed the November 22 Proposal, including consultation with its financial advisors and outside legal counsel.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.
  • Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

Vista Outdoor Announces General Counsel for Revelyst

Retrieved on: 
Monday, October 23, 2023
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Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company .

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company .
  • Until the completion of the separation, Choi will serve as Co-General Counsel of Vista Outdoor, with responsibility for the Outdoor Products segment.
  • View the full release here: https://www.businesswire.com/news/home/20231023562177/en/
    Vista Outdoor Inc. today announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following Vista Outdoor’s planned separation of its outdoor products segment into a standalone public company.
  • Until the completion of the separation, Choi will serve as Co-General Counsel of Vista Outdoor, with responsibility for the Outdoor Products segment.

Vista Outdoor Announces CFO for Revelyst

Retrieved on: 
Thursday, October 19, 2023
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Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, this week announced that Andy Keegan, currently Vice President and interim Chief Financial Officer of Vista Outdoor, will serve as CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company .

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, this week announced that Andy Keegan, currently Vice President and interim Chief Financial Officer of Vista Outdoor, will serve as CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company .
  • Keegan will continue to serve as Vice President and interim CFO of Vista Outdoor until completion of the separation.
  • View the full release here: https://www.businesswire.com/news/home/20231019555855/en/
    Andy Keegan, currently Vice President and interim CFO for Vista Outdoor, will serve as CFO of Revelyst following the planned separation of the company’s Outdoor Products segment.
  • From Vista Outdoor to Revelyst, our goal has been, continues to be and will remain the same: Ensure the company is well positioned to deliver sustainable and profitable growth to shareholders.”

The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor’s Sporting Products Business for $1.91 Billion

Retrieved on: 
Monday, October 16, 2023
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The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.

Key Points: 
  • The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.
  • CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years.
  • Headquartered in Anoka, Minnesota, Vista Outdoor’s Sporting Products business is a leading ammunition manufacturer in the U.S. commercial and law enforcement markets.
  • Jason Vanderbrink will remain CEO of the Sporting Products business and the U.S. headquarters will remain in Anoka, Minnesota.

Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion

Retrieved on: 
Monday, October 16, 2023
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Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.
  • “This is an important strategic step for our company in creating value through separating our Outdoor Products and Sporting Products segments,” said Gary McArthur, interim CEO of Vista Outdoor.
  • To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business, and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business), with current public stockholders of Vista Outdoor receiving shares of Outdoor Products ( recently rebranded as Revelyst ) and approximately $750 million in cash in the aggregate.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.

 Vista Outdoor Announces Name for Outdoor Products Segment

Retrieved on: 
Thursday, October 5, 2023
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Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation.
  • Brands in the Revelyst portfolio are known for their meticulous craftsmanship and a steadfast obsession with creating products and technologies that support consumers in a wide range of pursuits.
  • Revelyst’s purpose is to harness this collective expertise and cross-collaboration to pursue new innovations that redefine what is humanly possible in the outdoors.
  • Revelyst will be led by Nyman, who began as CEO of the segment on Aug. 21, and a dedicated management team.

Vulgamott Named Chief Operating Officer at American Outdoor Brands

Retrieved on: 
Wednesday, October 4, 2023
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, Oct. 4, 2023 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for outdoor enthusiasts, today announced that Brent Vulgamott, Vice President of Sales, Operations & Analytics, has been named to the newly created role of Chief Operating Officer, under which he will continue to lead all facets of the Company's Sales, Operations, and Analytics functions.

Key Points: 
  • , Oct. 4, 2023 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for outdoor enthusiasts, today announced that Brent Vulgamott, Vice President of Sales, Operations & Analytics, has been named to the newly created role of Chief Operating Officer, under which he will continue to lead all facets of the Company's Sales, Operations, and Analytics functions.
  • President and Chief Executive Officer, Brian Murphy, said, "I am excited to share today's news that Brent Vulgamott will hold the title of Chief Operating Officer.
  • Brent joined our company in 2015 as a Divisional Controller long before the spin-off from our former parent company in 2020.
  • Prior to American Outdoor Brands, Vulgamott served in a variety of increasingly responsible roles for the Outdoor Products & Accessories Division of Smith & Wesson Brands, most recently as Vice President of Operations.

Vista Outdoor to Host Investor Day

Retrieved on: 
Tuesday, September 26, 2023
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Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, will host an Investor Day for institutional investors and analysts.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, will host an Investor Day for institutional investors and analysts.
  • Presenters include Vista Outdoor Interim CEO Gary McArthur, Sporting Products President and CEO Jason Vanderbrink, Outdoor Products CEO Eric Nyman, Vista Outdoor Interim CFO Andrew Keegan and leaders from several of the company’s business units.
  • On the day of the event, individuals may also access the webcast and related presentation materials from the Vista Outdoor website ( https://vistaoutdoor.com ).
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.

Vista Outdoor Announces Public Filing of Form 10 Registration Statement

Retrieved on: 
Tuesday, September 5, 2023
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Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC).
  • The filing was made in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.
  • The Outdoor Products company will be a collective of category-defining brands that design and manufacture performance gear and precision technologies.
  • Vista Outdoor will soon announce the name and branding of the new Outdoor Products company.