SGB Sportsmans

EXEC: Vista Outdoor’s Guidance Cut Surprises Wall Street

Analysts said Vista Outdoor’s agreement to sell its Sporting Products segment business to Czechoslovak Group (CSG) for $1.91 billion appeared largely in line with the businesses’ valuation. Vista’s 24 percent stock drop on Monday was attributed to Vista’s sharp guidance cut tied to the deteriorating Outdoor Products business.

Sea to Summit Appoints Board Chair

The global adventure equipment brand headquartered in Perth, Western Australia appointed former Nestlé SVP Wayne England as the new chair of the company’s board of directors.

Explosion at Hornady Plant Kills One Employee, Injures Two

Hornady Manufacturing Company, the U.S. maker of ammunition cartridges, components and handloading equipment headquartered in Grand Island, NE, reported that an employee died in an explosion on October 13. Following an investigation, the cause was accidental.

SFIA Launches Super Regionals Series

The Sports & Fitness Industry Association is launching a Super Regional Series in November, offering members, partners and industry leaders the opportunity to come together to discuss business insights and topics driving today’s sporting goods and fitness environment.

EXEC: Vista Outdoor to Sell Ammo Business to Czechoslovak Group

Vista Outdoor announced that it planned to sell its Sporting Products business to Czechoslovak Group. (CSG) for $1.91 billion, shifting from a planned spinoff of its Outdoor Products segment. Gary McArthur, interim CEO, said, “We believe this creates meaningful value for stockholders, and sets up both Sporting Products and Outdoor Products for long-term success.”