SGB Update Sportsmans

Firearms Background Checks Decline In August

NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 966,809 is a decrease of 5.3 percent compared to the August 2017 NSSF-adjusted NICS figure of 1.02 million.

Mountain Khakis Announces Jeremy Hale As New President

Mountain Khakis announced that Jeremy Hale will be joining the brand as president. Hale will replace outgoing founder and president Ross Saldarini, who will be leaving to pursue other opportunities.

Velocity Outdoor Acquires Ravin Crossbows

Compass Diversified Holdings (CODI) announced that its subsidiary, Velocity Outdoor Inc., has acquired Ravin Crossbows, LLC for a purchase price of $94 million. 

Gerber Partners With Team Rubicon

Gerber Gear, the supplier of activity-specific knives and multi-tools, announced plans to support Team Rubicon by donating 10 percent of all proceeds made during the month of September through gerbergear.com in acknowledgment of National Preparedness Month.

American Outdoor Brands Sees Profit Uptick In Q1

American Outdoor Brands, the parent of Smith & Wesson, M&P, Thompson/Center Arms and Gemtech, reported revenues rose 7.6 percent in the first quarter ended July 31. Earnings also came in well ahead of year-ago levels and topped company guidance.

U.S., Mexico Reach Preliminary Agreement To Restructure NAFTA

The Trump administration and Mexico have reached a preliminary accord to end the North American Free Trade Agreement and replace the agreement with a deal that the administration wants to be more favorable to the United States, according to the Associated Press.

U.S., China Escalate Trade War With New Round Of Tariffs

The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.

Malibu Boats Acquires Pursuit Boats

Malibu Boats Inc., a manufacturer of recreational fiberglass boats, announced that the company has entered into a definitive agreement with S2 Yachts Inc. to acquire the assets of Pursuit Boats for $100 million.

Work Sharp Outdoor Celebrates Annual Knife Day

Work Sharp Outdoor, a manufacturer of knife and tool sharpeners, is in the fourth week of the company’s #WorkSharpStaySharp campaign. The campaign was designed to build engagement around annual Knife Day, which takes place nationwide August 24.

5.11 Opens Store In Reno, NV

Tactical apparel and gear company 5.11 has opened a brick-and-mortar retail store in Reno, NV, bolstering the company’s 2018 retail expansion goal of 50 company-owned retail stores.

Shopify Bans Sale Of Certain Firearms

Shopify, a provider of e-commerce storefronts, has moved to ban certain firearms and parts on the company’s platform, including some semi-automatic weapons and 3D-printed guns.