Ammo, Inc., the owner of GunBroker.com, acquired a tooling manufacturer that provides resources toward the production of ammunition in its Manitowoc, WI factory.
The company expects the acquisition to result in streamlined factory operations and an annualized cost savings of over $1 million.
“This acquisition was an essential step toward streamlining our plant operations by insourcing over 90 percent of our tooling manufacturing. We believe it will provide significant benefit as we continue to optimize the plant’s management,” said Jared Smith, CEO of Ammo, Inc.
“By strengthening our vertical capabilities, we enhance our speed to market, reduce lead times and better control costs. We expect these benefits will generate considerable cost savings and strengthen our strategic position as market leaders,” Smith continued.
Image courtesy Ammo, Inc.
