Olin Winchester LLC’s acquisition of POWW’s ammunition business is now complete, both companies announced, and Ammo Inc. now looks to refocus as a pure-play e-commerce platform. The $55.8 million deal, reflecting lower-than-anticipated working capital and other adjustments, was funded through OLN's available liquidity. It is expected to be immediately accretive, with incremental first-year adjusted EBITDA of $10 to $15 million. This includes benefits from leveraging Winchester's scale, raw material sourcing, and manufacturing capability. Once synergies fully come online, the new business is expected to post adjusted EBITDA of $40 million per ... Log in to view full article.