ANOKA, Minn. (BRAIN) — Vista Outdoor Inc. is acquiring the hunting gear brand Stone Glacier, which will be part of its outdoor products segment. Vista Outdoor's Action Sports segment includes Bell, Giro, Blackburn and Quietkat.
Stone Glacier is marketed as a premium brand focused on ultra-lightweight performance hunting gear designed for backcountry use. Vista Outdoor said this addition will allow the company to enter the packs, camping equipment, and technical apparel categories.
According to a news release, Vista Outdoor used cash on hand and available liquidity under its asset-based revolving credit facility to complete the transaction. Vista Outdoor expects the transaction to be immediately accretive to earnings, excluding transaction and transition costs.
"Stone Glacier is an enthusiast brand that is fast-growing, well-managed and a great cultural fit," said Vista Outdoor CEO Chris Metz. "Our centers of excellence, brand portfolio and distribution network will support Stone Glacier as they reach their next level of awareness, maturity and growth. Stone Glacier enhances our ability to enter and leverage the camping category, which has exploded in popularity over recent years. The acquisition also further bolsters our reputation as the acquirer of choice in the outdoor industry."
This is the seventh acquisition in the last 16 months for Vista Outdoor, including Remington, HEVI-Shot, Venor, QuietKat, Foresight Sports, and Fiber Energy Products.
"The future of Stone Glacier is bright," said Stone Glacier President Jeff Sposito. "This partnership comes at a great time for our business, and we are excited for the support that Vista Outdoor will provide to accelerate our growth and continue developing industry-leading products."
