We received official notification today that Alliant Techsystems (ATK) has acquired Bushnell for the sum of $985 million. The transaction is expected to complete in the 3rd and 4th quarter of ATK’s FY 2014.
A number of suitors expressed an interest in Bushnell, which was owned since 2007 by MidOcean Partner, a private equity firm. ATK has made a number of strategic acquisitions that include the purchase of Caliber, who owned Savage Arms. ATK also owns Blackhawk Industries, Federal Premium, CCI, Weaver, Eagle Industries, Blaze and several others. ATK’s sporting commercial units have seen a 112% increase in sales during its most recent quarter.
“The Bushnell acquisition is consistent with ATK’s focus on establishing leadership positions in our core markets,” said Mark DeYoung, ATK president and CEO. “This acquisition will broaden our existing capabilities in the commercial shooting sports and expand our portfolio of branded shooting sports products. In addition, this transaction will allow the company to effectively enter new sporting markets in golf, snow skiing, and camping. ATK will leverage Bushnell’s strong sourcing, marketing, branding, and distribution capabilities and capitalize on Bushnell’s track record of successfully integrating acquisitions and delivering profitable growth.”
With its latest acquisition, ATK has a fully diversified product portfolio establishing itself as a major player in the global market.