From: KBZK News Bozeman
BOZEMAN — Simms Fishing Products was reportedly acquired by Vista Outdoor Inc. on Wednesday for $192.5 million.
In a press release, Vista Outdoor Inc. announced that the gross purchase price includes a net present value of roughly $20 million in future tax benefits.
Vista Outdoor Inc. (NYSE: VSTO), is the parent company of 39 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe. Simms is a premium fishing brand and leading designer, marketer and manufacturer of waders, outerwear, footwear and technical apparel. Read the rest of the article here.
Vista also owns Remington, which makes Bushmaster assault rifles. Sad that they sold out.
Sad indeed. Patagonia makes excellent waders, as well as other outdoor wear, and has a stellar record for being a friend of the planet. An excellent alternative available at The Caddis Fly.