As private equity firms look to exit weapons makers in the wake of the Sandy Hook Elementary School shooting, Norwest Equity Partners is selling Caliber Co. to ATK (NYSE: ATK) for $315 million.

Westfield, Mass.-based Caliber operates through the brand names Savage Arms, Stevens and Savage Range Systems. The company manufactures rifles, shotguns and shooting range systems used for hunting and recreational target shooting.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.