Vista Outdoor Inc., a global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, announced the acquisition of Stone Glacier, a premium brand focused on ultralightweight, performance hunting gear designed for backcountry use.
The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products and shooting sports brands will allow the company to enter the packs, camping equipment and technical apparel categories with a fast-growing brand and provide a foundation for Vista Outdoor to leverage camping category synergies.
Founded in 2012 by Kurt Racicot, Stone Glacier designs and manufactures light, durable gear coveted by discerning backcountry adventurers. Based in Bozeman, Montana, with its headquarters surrounded by iconic public lands in Big Sky country, the brand has established itself as a premium preferred choice of backcountry hunters, outfitters and guides worldwide.
“The future of Stone Glacier is bright. This partnership comes at a great time for our business, and we are excited for the support that Vista Outdoor will provide to accelerate our growth and continue developing industry-leading products,” said Stone Glacier President Jeff Sposito “We have been fortunate to build a following of the most dedicated backcountry hunters and it has always been our mission to bring the best products, service and innovations to market. This partnership ensures we will continue to execute on that mission at the highest level.”
Vista Outdoor used cash on hand and available liquidity under its asset-based revolving credit facility to complete the transaction. Vista Outdoor expects the transaction to be immediately accretive to earnings, excluding transaction and transition costs.
This is the seventh acquisition in last 16 months for Vista Outdoor, including Remington, HEVI-Shot, Venor, QuietKat, Foresight Sports and Fiber Energy Products.
