Sierra Bullets to Buy Barnes Bullets Assets for $30.5m in Cash

Clarus Corporation’s subsidiary Sierra Bullets will acquire Barnes Bullets assets for $30.5 million in cash.

• Agreement is part of chapter 11 bankruptcy auction process by Remington Outdoor Company
  
  • Subject to approval of the United States Bankruptcy Court for the Northern District of Alabama at a hearing scheduled for Sept. 29
• If approved, deal is expected to close in October
• Acquisition is anticipated to be immediately accretive to Clarus’ earnings
• NOTE: Remington Auctioned Off to Seven Bidders in Bankruptcy Court

Link to the Statement: Sierra Bullets to Acquire Assets of Barnes Bullets

To contact the reporter on this story:
Giulia Camillo ...