https://www.defensemagazine.com/article ... ion-marketA year and a half long and very tense process aimed at the purchase of the division of The Kinetic Group ended with the success of the Czechoslovak Group despite many delays and pressures from various sides. At yesterday's AGM, the shareholders of Vista Outdoor (under which The Kinetic Group falls) approved a deal in which CSG will pay $2.225 billion for the prestigious US ammunition company, and investment company Strategic Value Partners (SVP) will buy the Revelyst division (an outdoor equipment manufacturer) for $1.125 billion. This is a historic Czech investment in the US with major security and political implications.
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Thanks to the acquisition, the current portfolio of ammunition manufacturers under the CSG Ammo+ division will be expanded by other prestigious brands such as Remington, Federal or CCI Ammunition. It should be recalled that CSG Ammo+ has previously acquired leading Italian manufacturer Fiocchi Munizioni, which produces ammunition for hunting, sport and security forces, Baschieri & Pellagri, which designs, develops and manufactures gunpowder, cartridges, biodegradable components and premium shotgun cartridges, and British shotgun manufacturer Lyalvale Express. Through Fiocchi of America, CSG has been in the US market for over a year.
The transaction was preceded by a very rigorous review by the Committee on Foreign Investment in the United States (CFIUS), which gave its final approval for the sale of The Kinetic Group to CSG in late June. This clearly refuted the claims made by some Republican politicians about the Czech group, which blamed it for unspecified links to Russia and China and described it as a potential security threat to US security. The most visible critic was Senator JD Vance, the future US vice-president, who even exchanged open letters with CSG owner Michal Strnad.
CDF
