RSR Group Chairman Announces Retirement At Month-End
RSR Group, Inc.’s Founder and Chairman Robert Steger announced his plans to retire on June 30, 2020, after 42 years of service with the company.
Firearms Background Checks Surge Again In May
The FBI completed 1.6 million gun background checks on an NSSF-adjusted basis in May, a hike of 75.2 percent compared to the May 2019 NSSF-adjusted NICS figure of 910,910. The rate builds on gains of 69.1 percent in April and 41 percent in March.
Commerce Secretary Ross Moves To Help South Atlantic Reef Fish Species
U.S. Secretary of Commerce Wilbur Ross recently met with recreational fishing and boating industry leaders in Fort Pierce, FL to discuss marine recreational fishing access and the importance of marine recreation to the U.S. economy. His office is finalizing the rule requiring descending devices onboard vessels targeting snapper and grouper in the South Atlantic.
Pure Fishing’s Debt Ratings Lowered
Standard & Poors lowered its debt rating on Pure Fishing to CCC+ from B- as it believes a weak economic and retail outlook in 2020 might cause Pure Fishing’s lease-adjusted debt to EBITDA to be above 10x before improving to below 10x in 2021.
BPI Outdoors Hires Senior Marketing Manager
BPI Outdoors, a leader in muzzleloading rifles and accessories with the CVA, Powerbelt, and Durasight brands, hired Damon Bungard to the position of senior marketing manager.
Northland Fishing Tackle Acquires Bagley Bait Company
Northland Fishing Tackle acquired Bagley Bait Company. The acquisition will grow Northland’s line of product offerings into new markets and product lines. Along with Bagley Bait Company, designer Jarmo Rapala joins the team at Northland.
Fort Worth, Lake Ray Roberts Poised To Host First Bassmaster Classic
For just the third time in the event’s history, the 2021 Academy Sports + Outdoors Bassmaster Classic will be coming to Texas as Fort Worth hosts the event for the first time.
5.11 Reopens Retail Stores
5.11, Inc., the maker of technical apparel, footwear and gear, announced it is gradually reopening its U.S.-based retail stores in light of the restriction lifts surrounding COVID-19.
American Outdoor Brands Prepares For Spin-Off With Name And Stock Ticker Symbol Change
American Outdoor Brands Corp. announced that it will change its name to Smith & Wesson Brands Inc., effective June 1. The change reflects the company’s preparation for the previously announced spin-off of its outdoor products and accessories business as a tax-free stock distribution to its stockholders.
German Precision Optics Teams With JES Marketing
German Precision Optics (GPO) USA, a leader in the engineering, design and development of premium binoculars, riflescopes and rangefinders, announced a partnership with JES Marketing for the western United States.
Northland Fishing Tackle Taps Gregg Wollner As CEO
Northland Fishing Tackle announces the naming of industry veteran Gregg Wollner as the new chief executive officer. Wollner has more than 25 years of fishing industry experience at Galyan’s Trading Company and Rapala.
Olin Announces Pricing Of Private Offering Of Senior Notes
Olin Corp., the parent of Winchester, announced the pricing of its previously announced private offering of $500 million aggregate principal amount of 9.5 percent senior notes due 2025.
Ducks Unlimited Joins Forces To Promote #ResponsibleRecreation
Ducks Unlimited (DU) has joined forces with other leading conservation organizations to spearhead #ResponsibleRecreation – a media campaign encouraging Americans to enjoy outdoor recreation while adhering to proper COVID-19 safety protocols.
Sturm Ruger’s Q1 Profits Climb 18.5 Percent
Sturm, Ruger & Company Inc. reported net earnings rose 18.5 percent in the first quarter on an 8.4 percent revenue gain.
Firearms Background Checks Surge Again In April
The FBI completed 1.68 million gun background checks in April, a hike of 69.1 percent compared to the April 2019 NSSF-adjusted NICS figure of 992,642.
