Vista Outdoor Wins Bankruptcy Auction for Remington's Ammunition Business

Vista Outdoor (NYSE: VSTO) has emerged as the winner of an auction for the ammunition assets of bankrupt firearms manufacturer Remington Outdoor, it announced yesterday.

The ammunition and outdoor gear company will pay $81.4 million for Remington's manufacturing facility in Arkansas, its accessories business, and the intellectual property of the ammo business, including the Remington brand and trademarks.

Image source: Getty Images.

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Source Fool.com