Thanks
@kyron4 for starting the thread. I'm interested in what happens to US cap production under Remington and CCI's new ownership, and found this in a Vista press release from 10/16/2023. I'm sure some have seen this stuff but for those who haven't:
"ANOKA, Minn.--(BUSINESS WIRE)-- Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”)"
"CSG is a leading industrial technology holding company, operating within five strategic business segments, including defense, aerospace, ammunition, mobility and business. CSG is 100% owned and led by Michal Strnad, who has transformed it into a leading Czech industrial group with a strong international footprint. CSG employs more than 10,000 people worldwide and it owns and manages a diverse portfolio of industrial and trade companies across the defense and civil sectors."
Stop yawning, there's more:
"To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business, and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business)..."
From
American Rifleman:
"Upon closing, Vanderbrink will remain CEO of the Sporting Products business and the U.S. headquarters will remain in Anoka, Minn. In connection with the transaction, the company’s approximately 4,000 employees who represent four factories and the consumer brands CCI, Federal, HEVI-Shot, Remington and Speer will continue their heritage of community and conservation support through local and national organizations."
Lost me there...
The CSG website does not presently include Remington or CCI in their ammo division. They do own Fiocchi, a big producer of primers. And just bought Perazzi. Their site states "CSG's main industries are defense and security, automotive, aerospace and rail."
No mention of percussion caps. I think I'll call both Remington and CCI on the telephone to see how things are going.