Benzinga | Dec 28, 2021 08:33AM EST

Vista Outdoor Acquires Hunting Gear Maker Stone Glacier For Undisclosed Sum

* Vista Outdoor Inc (NYSE:VSTO) has acquired Montana-based hunting gear manufacturer Stone Glacier for an undisclosed sum.

* Founded in 2012 by Kurt Racicot, Stone Glacier designs and manufactures durable gear coveted by discerning backcountry adventurers.

* The company expects the deal to allow it to enter the packs, camping equipment, and technical apparel categories.

* Vista Outdoor anticipates the transaction immediately accretive to earnings, excluding transaction and transition costs.

* Vista Outdoor used cash on hand and available liquidity under its asset-based revolving credit facility to complete the transaction. It held $265.3 million in cash and equivalents as of September 30, 2021.

* Price Action: VSTO shares closed higher by 0.68% at $41.43 on Monday.