Revelyst, a segment of Vista Outdoor, Inc., announced the sale of RCBS, the company’s Oroville, CA-based reloading brand, to Hodgdon Powder Co., Inc., a Shawnee, KS-based supplier of smokeless and black powder substitute propellants, effective immediately.
RCBS manufactures ammunition reloading equipment for hunters, competition shooters and sporting enthusiasts. Through this transaction, Revelyst reported that it “found the right home for RCBS with Hodgdon, a market leader in American manufacturing, smokeless powder, clean black powder substitute, and now reloading equipment.”
“At Revelyst, each and every day, we honor the makers behind our brands and products—from the innovations they create to the cultures they build,” said Eric Nyman, CEO of Revelyst and co-CEO of Vista Outdoor. “For more than 80 years, RCBS has lived this maker-fueled ideal. We are thrilled for RCBS and their new connection with Hodgdon Powder. This transaction joins two iconic brands and ensures that RCBS is positioned for success in the next chapter of its history.”
“As part of Hodgdon, RCBS is positioned for growth with a company whose deep history in ammunition components, domestic manufacturing, and reputation with core shooting sports enthusiasts will help RCBS flourish,” said Steve Kehrwald, president and CEO of Hodgdon Powder. “Under Hodgdon’s ownership, RCBS can continue its operational excellence, growth and scale across the shooting sports industry.”
“Selling RCBS allows us to raise cash to create a more dynamic portfolio for our company’s future,” said Andy Keegan, CFO of Revelyst. “Revelyst will use proceeds from the sale to enhance the operational efficiencies of the company’s power brands, evaluate bolt-on acquisitions, and invest in maker-fueled innovation and organic growth.”
Baird served as the exclusive financial adviser, and Reed Smith LLP served as the legal adviser to Revelyst on this transaction.
