Vista Outdoor Inc. (NYSE: VSTO), a global designer, manufacturer and marketer of products in outdoor sports and recreation markets, has acquired Stone Glacier, a lightweight, performance hunting gear brand.
The deal expands Vista’s outdoor portfolio to enter the packs, camping equipment and technical apparel categories. Stone Glacier designs durable gear for backcountry hunting enthusiasts. The firm has branded itself as a premium preferred choice for hunters and outfitters.
“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,” saidJeff Sposito, Stone Glacier president.
“Stone Glacier is an enthusiast brand that is fast-growing, well-managed and a great cultural fit,” added Chris Metz, Vista CEO. “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.”
Reed Smith LLP acted as legal counsel to Vista Outdoor and Davis Graham & Stubbs LLP acted as legal counsel to the sellers in connection with the transaction.