Company expands brand portfolio into packs, camping equipment and technical apparel

ANOKA, Minn., Dec. 28, 2021 — Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, today 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.

“I am excited to welcome the Stone Glacier team into the Vista Outdoor family,” said Vista Outdoor Chief Executive Officer Chris Metz. “Stone Glacier is an enthusiast brand that is fast-growing, well-managed and a great cultural fit. Our centers of excellence, brand portfolio and distribution network will support Stone Glacier as they reach their next level of awareness, maturity and growth. Stone Glacier enhances our ability to enter and leverage the camping category, which has exploded in popularity over recent years. The acquisition also further bolsters our reputation as the acquirer of choice in the outdoor industry.”

Founded in 2012 by Kurt Racicot, Stone Glacier designs and manufactures the lightest, most durable gear coveted by discerning backcountry adventurers. Based in Bozeman, Mont., with its headquarters surrounded by iconic public lands in Big Sky country, the brand has established itself as the premium preferred choice of backcountry hunters, outfitters and guides throughout the world.

“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. Vista Outdoor’s leverage ratio is expected to be below 1.0x at FY 2022 fiscal year end. This is the seventh acquisition in last 16 months for Vista Outdoor, including Remington, HEVI-Shot, Venor, QuietKat, Foresight Sports and Fiber Energy Products.

Reed Smith LLP acted as legal counsel to Vista Outdoor and Davis Graham & Stubbs LLP acted as legal counsel to the sellers in connection with the transaction.  

December 15, 2021 (Davidson, NC) — Summit Coffee™ and Vacation Races today are thrilled to announce a new national partnership in which Summit will serve as the exclusive coffee partner of all Vacation Races events in 2022. Summit will provide specialty, certified organic coffee for all Vacation Races events, in addition to merchandise, mugs, and other offerings for Vacation Races participants.

Summit intends to activate at several Vacation Races events, including the Zion and Bryce Canyon Ultras; the Grand Circle Trailfest; and the Great Smoky Mountains Half Marathon + 5K. Several Summit employees will participate in Vacation Races events as part of the sponsorship. This continues Summit’s push into the outdoors and running communities, buoyed by its Find Your Summit™ lifestyle brand. Summit is an official sponsor of ultramarathon star Courtney Dauwalter, the Official Coffee of the Outdoor Retailer, and a partner for mountaineer Phil Henderson and his Full Circle Everest Expedition.

“Partnering with Vacation Races couldn’t be a better brand fit for Summit and where we’re heading,” said Brian Helfrich, CEO of Summit Coffee. “It’s our intent to become the preferred coffee for runners and outdoors athletes all over the U.S., and we’re excited to find another level on which to engage with them. Personally, I can’t wait to run 100K around Zion with a few thousand folks and share more about the Summit Coffee brand.”

Vacation Races is the undisputed industry leader in National Park half marathons, ultra marathons, trail running festivals, and extended running adventures. Since its inception, the company has worked to develop sustainable event systems to help support and promote the preservation of our public lands. 

“Simply put, this partnership makes sense,” said Salem Stanley, Founder and CEO of Vacation Races. “Summit Coffee is a brand that is focused on sustainability and building community through remarkable hospitality and we look forward to introducing our community to a company that aligns so closely with our own mission and values.”

Summit Coffee is a certified organic roaster and retailer based in North Carolina. Summit has seven open cafés, with six more in development, around the Southeast U.S. For more information, please contact Summit Marketing Manager Leah Middleton (leah@summitcoffee.com).

The new investment signifies the company’s increased commitment to the United States market and will enable it to meet the growing demand for loitering munitions on an international level

Washington DC, USA December 16th, 2021- UVision Air Ltd., a global leader in aerial loitering munition systems, continues to expand its operations in the US by establishing a production and training facility in Stafford County, Virginia. The company will lease 25,000 square feet of space at the Quantico Corporate Center, where it will fulfill contracts awarded by the US Government and international customers for the manufacture and assembly of loitering munitions. Production of the HERO series of Loitering Munitions will begin at the new production facility in mid-2022.

UVision USA Corporation, a wholly-owned subsidiary of UVision Air Ltd., is playing an integral role in UVision’s ongoing global expansion of operations. By increasing its local production capability within the United States, UVision USA will be able to further improve its high-level, rapid response to US customers and increase supply to international customers – either directly or through government-to-government initiatives – while creating dozens of local job opportunities.

“We are very excited that our new Production and Training Center will be located in the Commonwealth of Virginia,” says Jim Truxel, Chief Executive Officer of UVision USA Corporation. “It is another step in the expansion of UVision USA support and deepening of the commitment to our customers in the US. Situated within a short commuter drive from Richmond, Fredericksburg, Manassas and Arlington, Stafford County gives us access to a large pool of quality talent, aligning with our strategic growth goals. UVision USA will be active in the local community, and we plan to network with the Commonwealth’s academic institutions and local businesses that can supply services and materials for the production of the HERO family of loitering munitions.”

www.uvisionuav.com