Smith & Wesson Will Acquire Ultimate Survival Technologies
Smith & Wesson, a leading manufacturer of firearms and provider of quality firearm safety/security products and accessories, has recently announced it will acquire Ultimate Survival Technologies, Inc. (“UST Brands”). UST Brands is a survival gear manufacturer of equipment and tools for outdoor and sporting goods that has seen an impressive compound annual revenue growth of 49% from 2012 through 2015. Smith & Wesson has entered into an agreement with UST Brands to an asset acquisition for $32.3 million in cash with an additional $2.0 million over a period of two years – contingent upon the financial performance of UST Brands post-closing. The acquisition is expected to close sometime in November 2016.
Read the full press release at http://www.smith-wesson.com
Below are highlights of additonal Merger and Acquisition activity from the last week:
IT Services M&A News: Zensar Technologies Acquires Foolproof Ltd.
Read more at http://www.zensar.com
Real Estate M&A News: Toll Brothers Announces Entry Into Boise, Idaho Market With Acquisition of Coleman Homes.
Read more at https://www.tollbrothers.com
Packaging Industry M&A News: Sonoco Acquires Plastic Packaging, Inc.
Read more at http://www.sonoco.com
