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Compass Diversified Re-Works Board As Sally McCoy Plans Departure
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.
Ammo, Inc. Extends Share Repurchase Plan
Ammo, Inc.’s Board of Directors approved extending its share repurchase program for up to $30 million of its outstanding common stock until February 2024.
Brunswick Corp. Sees Strong Showing For Boat Brands At Recent Show
Brunswick Corporation reported that its boat brands finished off at the Palm Beach International Boat show with record outboard market share and increased boat sales.
Winnebago To Acquire Lithium-Ion Battery Solutions Provider
Winnebago Industries, Inc. has agreed to acquire Lithionics Battery, a lithium-ion battery provider, to the recreational equipment and specialty vehicle markets. The terms of the deal were not disclosed.
Revo Brands Hires Chief Revenue Officer
Revo Brands, the parent company of Real Avid and Outdoor Edge Cutlery, hired Kenan Ikels as chief revenue officer. In this role, Ikels leads sales for Revo Brands with responsibility for the company’s top-line revenue growth.
Black Diamond Voluntarily Recalls Recon LT Avalanche Transceiver
Black Diamond Equipment issued a voluntary recall for its Recon LT avalanche transceiver to update the required firmware.
Outdoor Industry Icon, Norm Cavallaro, Passes Away
Outdoor Industry icon Norm Cavallaro passed away on March 18 at 75 surrounded by his family. He was beloved in the industry as the founder and CEO of North Cove Outfitters and was a member of the OIA board. He also served as a brand ambassador for Swarovski Optik, reflecting his passion for birding.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
MidwayUSA Names VP, Logistics
MidwayUSA promoted Brian Rose to vice president of logistics. Rose began his career at MidwayUSA in 2016 as an Industrial Engineer.
Bass Pro To Open Store In Midland, Its 17th In Texas
Bass Pro Shops reported plans to open a new store in Midland, TX in late 2024, the retailer’s 17th store in the state.
Olin Closing Epoxy Facilities As Part Of On-Going Restructuring Program
Olin Corporation, the parent of Winchester Ammunition, will cease operations at its Cumene facility in Terneuzen, Netherlands and the solid epoxy resin production at its facilities in Gumi, South Korea and Guaruja, Brazil.
Amazon To Lay Off Another 9,000 Employees
Amazon’s Andy Jassy, the company’s chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023.
Pure Archery Group Hires Southeast Territory Manager
Pure Archery Group has hired industry veteran Jamie Wilson as Southeast territory manager supporting North Carolina, South Carolina, Tennessee, Georgia, Florida, Mississippi, and Alabama.
SilencerCo Promotes From Within For Director Of Business Development
SilencerCo promoted Chase Glenn to director of business development, responsible for the company’s strategic relationships, brand representation and development of new licensing and OEM opportunities.
Primaloft Announces CFO Transition
PrimaLoft, Inc., a subsidiary of Compass Diversified, promoted Jason Kerley to chief financial officer from vice president and controller. He will transition to the position on the retirement of the current CFO, Tom Seaver.
