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Archive for the ‘Press Release’ Category

EOTECH Acquires Intevac Photonics

Monday, January 3rd, 2022

Plymouth, MI (January 4, 2022) –

In an exciting strategic move, EOTECH, the Michigan-based manufacturer of the world’s best holographic and magnified optics, has acquired Intevac Inc’s Photonics business (Photonics), a California-based technology leader in cutting edge digital sensor systems.

Photonics leads the world in the design and manufacturing of high-sensitivity night vision sensors, cameras, and systems. The organization boasts powerful technology-development capabilities and has a long history of successfully delivering winning solutions for the AH-64 Apache attack helicopter, the F-35 Joint Strike Fighter, and the US Army IVAS (Integrated Visual Augmentation System) programs, to name a few.

The combination of EOTECH and Photonics as a single entity opens unique business opportunities, and the integration of the two businesses will result in significant growth in the years to come.  “The idea of acquiring Photonics made great strategic sense from Day One.” said Christopher Kouza, Chairman and Founder of Kouza Capital, Inc., the sponsor of the deal. “Combining the Photonics advanced digital sensor capabilities with EOTECH’s world-class marketing and global distribution reach will be a powerful engine for the future.”

Both companies share market leadership positions in their respective sectors, and plan to combine their energies toward the development of all-new product lines and markets. “Naturally we’re looking forward to combining our teams to strengthen our service to the US military as well as our service to the governments of allied nations. The cultures of both companies are tailor-made for that kind of teamwork.” said Matt Van Haaren, CEO of EOTECH, “But we’ll also be working in parallel to develop great new product lines that elevate the performance expectations of digital visual augmentation systems for the soldier, the civilian, the vehicle driver, the aviator, and many other users around the world.”

Clif Bar & Company Launches Trailblazers Incubator and Introduces CLIF Pet

Sunday, January 2nd, 2022

EMERYVILLE, Calif. – Dec. 13, 2021 – Today, Clif Bar & Company announced the launch of the Trailblazers Incubator, an in-house new ventures group built to deliver disruptive innovation and create sustainable business opportunities. Based in Clif Bar’s Emeryville, CA headquarters, the Trailblazers team of “intrapreneurs” is applying an agile start-up mindset to driving new growth strategies for Clif Bar. This includes expanding into new categories that align with the company’s Five Aspirations business model.

Overseen by Chief Innovation Officer, Rizal Hamdallah, and led by Incubator Senior Director, Greg Lok, the Trailblazers first venture is CLIF PetTM, with the introduction of plant-based pet snacks. Slated for national launch in early 2022, CLIF Pet will start with three flavors of snacks for dogs with plans to build out the Pet portfolio in the near term.

“Just as Clif Bar was founded on disrupting the energy bar category nearly 30 years ago, the Trailblazers Incubator is built to consistently deliver our bold innovation agenda and accelerate our growth plan,” said Hamdallah. “In addition to a rapid, data-driven product development and go-to-market strategy, what makes our approach different is extending the loyalty of the CLIF® brand. By introducing CLIF Pet, we will bring energy to the whole family.”

Clif Bar has set a bold goal to multiply its positive impact on the world by doubling the size of the company. The decision to enter the pet snacking category is supported by the dramatic increase in pet ownership coupled with the emerging demand for human-grade pet food1. Today, as pets are considered part of the family more than ever before, the category represents a significant growth opportunity for Clif Bar.

“With more than 11 million U.S. households bringing a pet home during the last 18 months of COVID, the category is exploding and ripe for new offerings2,” said Lok. “What makes this launch unique is the combination of speed and discipline to bring an innovative, relevant product to market during a global pandemic. We are truly blazing new trails by applying best practices from tech start-ups to our expertise in consumer insights and packaged goods – it’s a winning combination.”

www.clifbar.com

Federal Ammunition Joins Rare Companies by Turning 100 Years Old in 2022

Saturday, January 1st, 2022

ANOKA, Minnesota – January 1, 2022 – Estimates show less than one percent of all companies make it to their 100th year in business. Federal Ammunition joins this extraordinary group in 2022 and has plans to celebrate all year long. Its official date of incorporation was April 27, 1922, but the festivities will start now.

Jason Vanderbrink, Federal’s President offered his thoughts: “The entire staff of 1,500 hard-working Americans in Anoka, Minnesota is extremely proud to celebrate a full century of continuous and successful operation. We appreciate those who came before us to make this possible and look forward to taking Federal into its next century.”

Federal kicks off the year by lighting up a 100th Anniversary sign on top of one its silos in Anoka and will continue to tout its accomplishment with limited availability throwback packaging, special merchandise available on its website, an exhibit at the Anoka County Historical Society Museum and much more.

“Our workforce and business have never been stronger than they are today, and we owe it to a century of continuous innovation across every department in the company. Many people and partners have contributed to our success and I’m proud to join the current team in making sure that tradition of excellence continues.”

A special edition magazine, on your favorite newsstand right now, and coffee table book are also planned, along with many recollections online and via social media of the fun and interesting facts from throughout Federal’s history.

For more information on all products and online services from Federal or to shop online, visit www.federalpremium.com.

ISOtunes Sport Debuts DEFY Slim Basic Earmuff for Firearm Enthusiasts

Thursday, December 30th, 2021

Carmel, IN – The latest in the ISOtunes Sport line for competitive shooters and hunters, the DEFY Slim Basic boasts high-performance hearing protection in a no-frills, ultra-slim design.

 

ISOtunes’ proprietary Tactical Sound Control amplifies hearing by 8x and protects against high-impact noises, while SafeMax Technology limits volume output to 85dB for all-day, damage-free listening. The DEFY Slim Basic sports a streamlined design for maximum comfort and featherlight performance. IPX4 Durability guarantees sweat and water resistance for shooting in any conditions. DEFY Slim Basic muffs are powered by two AAA batteries for up to 300 hours of distraction-free shooting.

ISOtunes Sport products protect and enhance hearing with innovative options for sport shooters who demand safety without sacrificing performance. To learn more about the DEFY Slim Basic and browse the full ISOtunes Sport lineup, visit www.ISOtunesSport.com.

Clarus Acquires MAXTRAX, the Market Leader in Vehicle Recovery and Extraction Track for the Overland and Off-Road Market

Thursday, December 30th, 2021

Acquisition Accelerates Clarus’ Vision to Scale its Overlanding and Vehicle Accessory Category

Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, today announced it has acquired Australian-based MAXTRAX® (“MAXTRAX”), the market leader in producing the best overlanding and off-road vehicle recovery and extraction tracks, for a combination of cash, stock, and future consideration. MAXTRAX will continue to operate independently as a wholly owned indirect subsidiary of Clarus and will be part of the Company’s Overlanding reporting segment, which includes recently acquired Rhino-Rack. MAXTRAX’s net sales for the fiscal year ended June 30, 2021, were approximately AUD 21 million.

“We look forward to welcoming the MAXTRAX team to the Clarus family and continuing this ‘super fan’ brand’s legacy of “allowing overland enthusiasts to take the easy way out,” states John Walbrecht, president of Clarus. “Our intent is to expand product penetration for both MAXTRAX and Rhino-Rack brands across markets as we see a substantial opportunity in continuing to build our overlanding platform.”

Founded in 2005 by Brad McCarthy, MAXTRAX is considered the creator of the vehicle recovery board.  MAXTRAX has developed a product lineup consisting of high-quality vehicle recovery and extraction tracks, including its original MAXTRAX MKII recovery track. All MAXTRAX vehicle recovery tracks are manufactured in Australia using its proprietary, Australian-sourced, engineering-grade and fiber-reinforced nylon. MAXTRAX currently sells its products around the world to distributors, retailers, government agencies, third-party e-commerce sites and through its own website.

“Two decades ago, I got my 4WD bogged on a remote north Queensland beach. As the tide came in, it was almost washed away despite me having all the traditional recovery equipment onboard, and plenty of previous vehicle recovery experience. After this incident, I sought to create an easy-to-use vehicle recovery extraction device. After countless trials and four years of testing, we created the gold-standard of high-quality vehicle recovery and extraction track, and named it MAXTRAX, as in MAXimum TRAXion and Mac’s (McCarthy’s) Tracks,” states McCarthy. “We are excited to join Clarus, a partner that shares our commitment to offering outdoor enthusiasts the best products for their adventures and has a track record of growing successful brands whilst retaining the MAXTRAX brand DNA and ethos of only producing the absolute best products possible.”

www.maxtrax.com.au

2021 … Another Crazy Year

Wednesday, December 29th, 2021

          MIAMI, OKLA. – After the inaugural pandemic year of 2020, who would have imagined 2021 could have gotten any crazier? But it did. A riot on the nation’s capital. A gas pipeline held for ransom. Tornados that flattened towns in Kentucky and hurricanes that traveled from the Gulf Coast all the way up to New England. And then, ending where we started … with another version of COVID stressing out and sickening people around the world.

           Through all the ups and downs of 2021, including massive supply and demand challenges, companies have pulled together to keep products flowing and their people employed.

          In response to severe weather events and natural disasters, the portable fuel containers industry worked hard to meet staggering demand this year for 21 million portable fuel containers.

        “In today’s marketplace, where there are extreme situational challenges, along with staffing and COVID-19 health concerns, it’s very significant that our company was able to successfully unite to fulfill accelerated fuel container demands in 2021,” says Daniel Marshall, vice president of marketing and business development with Scepter.

Demanding Year Right from the Start

           Marshall relates that product demand started early in 2021 when January ice storms and the 2021 Ground Hog Day Nor’easter impacted the East Coast. Immediately following those events, there were power outages in February in Texas due to a deep freeze. Every situation had consumers scrambling for fuel containers to operate generators and equipment. 

           “While we can sometimes foresee bad weather circumstances and ramp up in advance for them, there was no way to plan for the Colonial Pipeline ransomware attack in May,” says Marshall. “Gasoline shortages were immediate, which meant people were reacting by wanting to fill fuel containers. This was happening right about the time of National Hurricane Preparedness Week in May when people are starting to think about hurricane prep. The amount of fuel containers required during this month skyrocketed.”

Second Half of Year Push

           As the summer of 2021 progressed, so did the 2021 Hurricane Season. In late August/early September, Category 4 Hurricane Ida brought strong weather from the Gulf Coast all the way up throughout the Northeast. In total, there were 21 named storms in the season, with seven hurricanes and four major hurricanes — all good reasons for people to prepare their homes and businesses to handle wicked weather. 

            “While many people always keep fuel and water containers filled and ready to go, there are greater numbers of people who purchase containers reactively, based on severe weather forecasts,” says Marshall. “They may never have been in a location impacted by bad weather before. Then along comes a mega storm and they need to prepare. That’s when people seek out reliable containers. And, that’s why our team works so hard to create those containers and keep the inventory available.”

          The various “unplanned events” impacting container sales during 2021 occurred over just 25 to 30 specific days — or seven percent of the year. According to industry reports, on those specific days, consumer purchasing hit its peak for fuel container sales. Almost five million fuel containers were sold during a total of those days online and in stores such as Walmart®, Lowe’s® and The Home Depot®. When totaled, that’s close to 25 percent of all the containers purchased by consumers from all manufacturers for the entire year. On those extreme, high sales days, an average of 200,000 fuel containers were purchased every day. That’s enough to fill between 75 and 100 semi truckloads each day!

A Year for the Books

           “This is the second record year of high demand for fuel containers for our industry,” says Marshall. “It’s actually a bit surprising. We see many items in the world transitioning to battery operation — like lawn equipment, generators and even some cars. That would make you think that demand for fuel containers would be down. However, it’s just the opposite. Consumers are purchasing more gas, diesel and kerosene containers than ever before.

            “We’re proud that Scepter sold more fuel containers than any other company in 2021. And, we are exceptionally proud that we accomplished this milestone without any business interruptions, and while doing this under continued COVID restrictions.”

           Scepter fuel and water containers can be found throughout the U.S. in Walmart®, The Home Depot®, Lowe’s®, AutoZone®, Pep Boys, Amazon and Northern® Tool + Equipment stores. Visit www.scepter.com for more information.

UF PRO Adds Limited-Edition Lifestyle T-Shirts To Its Tactical-Gear Mix Starting Today

Wednesday, December 29th, 2021

TRZIN, SLOVENIA (29 December 2021)—UF PRO today expanded its catalogue of advanced-technology tactical gear for military and law enforcement personnel by adding two limited-edition lifestyle-themed T-shirts for off-duty wear, the company reported.

The high-quality, exceptionally comfortable shirts—called UF PRO Tees—are emblazoned with graphics and messages that convey the wearer’s status as either a tactical operator or a person with a warrior’s mindset.

The t-shirts are meant to be worn by members of police and military units during their non-duty hours but also by civilians who wish to show support for or affinity with those who serve, UF PRO executives explained.

Both the Operator Tee and the Mindset Tee are made of cotton with a small amount of elastane (94 percent cotton and 6 percent elastane).

UF PRO officials indicated that the Operator and Mindset tees are available in limited quantities. As a result, they said they expect the t-shirts to sell out quickly.

The lifestyle t-shirts can be purchased at the company’s online store here.

For more information, contact UF PRO at: info@ufpro.com

Vista Outdoor Announces Acquisition of Stone Glacier

Wednesday, December 29th, 2021

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.