Vista Outdoor Acquires Simms Fishing Products
VSTO inked a definitive agreement to acquire Simms Fishing Products for $192.5 million, a deal that is expected to close in the second quarter of 2023. The transaction will be financed via an existing ABL credit facility, and will include roughly $20 million in future tax benefits. Vista anticipates that the transaction will be accretive to earnings, excluding costs, in FY24. Sims will be part of Vista’s Outdoor Products segment once the planned 2023 spinoff of its outdoor brands ... Log in to view full article.