Freedom Munitions To Expand Manufacturing Capacity
Kash CA, Inc., the parent company of Freedom Munitions, broke ground on a new facility intended to expand Freedom’s line of rifle ammunition.
KKR-Led Consortium Acquires Nearly All Of Accell Group Shares
A consortium headed by investment firm KKR has acquired 96.9 percent of Accell Group shares during the post-acceptance period that ended Thursday.
Employees At REI’s Berkeley, CA Store Seek To Unionize
Employees working at REI’s Berkeley, CA store have asked the outdoor retailer to recognize their intent to form a union, according to Berkleyside.org; this comes after employees working at REI’s Manhattan store in March voted to create the first union at the co-op.
RV Retailer Expands Into Michigan With Acquisition Of A&S RV Centers
RV Retailer, LLC (RVR) announced the acquisition of A&S RV Centers with two locations in Auburn Hills and Midland, MI.
Gearhead Outfitters To Relocate Fayetteville Store
Gearhead Outfitters will relocate its Fayetteville store from Dickson Street to 101 North Block Avenue in Fayetteville, NC and is expected to open this fall.
Infinited Fiber Company Plans $420 Million Factory
Finnish recycled fiber company Infinited Fiber plans to build its first commercial-scale Infinna fiber factory at Stora Enso’s Veitsiluoto industrial site in Kemi, Finland’s northernmost region of Lapland. The size of the planned investment is around €400 million ($420 mm).
BreakingT Partners With NWSL
BreakingT, the fan apparel maker based in Washington, DC, entered into a licensed apparel agreement with the National Women’s Soccer League (NWSL).
Tennis Participation Outpaces All Racquet Sports
With an increase of nearly 5 million players since 2019, tennis participation in the United States is outpacing that of all other racquet sports, according to new analysis from Sports Marketing Surveys.
Laka Receives Funding From Porsche Ventures
E-mobility insurance company Laka has secured funding from Porsche Ventures, bringing its Series A investment to $13.5 million.
Supreme Court Strikes Down New York Gun-Control Law
The Supreme Court of the United States (SCOTUS) struck down a New York State gun-control provision that placed strict restrictions on firearms outside the home.
Smith & Wesson’s Sales Tumble In Fiscal Fourth Quarter
Smith & Wesson Brands Inc. reported sales fell 43.9 percent in the fourth quarter and 18.4 percent in its fiscal year ended April 30. Earnings were also sharply down, reflecting weakening demand for firearms and inflationary pressures on costs.
Topgolf To Open In Des Moines
Topgolf Entertainment Group announced plans to open in Des Moines marking its first location in Iowa.
Xenith Adds Board Member
Xenith, the Detroit-based manufacturer of football helmets and football equipment, appointed Izell Reese, president and CEO of RCX Sports to its Board of Directors.
Matador Travel Equipment Opens New HQ In Boulder, CO
Matador Travel Equipment, the manufacturer of performance travel equipment, opened its new headquarters in Boulder, CO.
Nike To Fully Exit Russia
Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.
