Revelyst Announces Sale of RCBS
ANOKA, Minn.–(BUSINESS WIRE)– 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.