SPRINGFIELD, Mass.,
July 12, 2017 /PRNewswire/ --
American Outdoor Brands Corporation (NASDAQ Global Select:
AOBC), a leading manufacturer of firearms and a provider of quality
products for the shooting, hunting, and rugged outdoor enthusiast,
today announced that its accessories business, Battenfeld
Technologies, Inc., has agreed to acquire substantially all of the
assets of Fish Tales, LLC ("Fish Tales"), a provider of premium
sportsman knives and tools for fishing and hunting, including the
premium knife brand, Bubba Blade™.
James Debney, President and CEO
of American Outdoor Brands, said, "In August of last year, we
purchased the assets of Taylor
Brands, LLC, a designer and distributor of high quality
knives and specialty tools and the owner of a number of
highly-regarded, legacy brands including Schrade, Uncle Henry, Old
Timer, and Imperial. The purchase of Fish Tales will expand our
presence in the knife and tool market, and establish our entry into
fishing accessories. The Bubba Blade brand is widely
recognized among outdoor enthusiasts for some of the finest knives
and tools for fishing, hunting, and kitchen use. The company's
proprietary design has gained popularity due to an enhanced handle
grip, which is highly effective in adverse environments. With an
existing product line that spans knives, pliers, and other tools,
and a distribution channel that includes wholesale, major retail,
and direct-to-consumer sales, Bubba Blade products are a natural
fit with our accessories business. We look forward to further
innovating and expanding this popular product line into adjacent
markets that we believe will benefit from the Bubba Blade
design."
The company intends to complete the acquisition utilizing cash
on hand. The transaction is expected to close this summer, after
which it will transition the business to its facility in
Columbia, Missouri. Bubba Blade
products will be on display at ICAST 2017, the world's largest
sportfishing tradeshow, on July 11 –
14, 2017 at the Orange County
Convention Center in Orlando,
Florida.
About American Outdoor Brands Corporation
American
Outdoor Brands Corporation (NASDAQ Global Select: AOBC) is a
provider of quality products for shooting, hunting, and rugged
outdoor enthusiasts in the global consumer and professional
markets. The company reports two segments: Firearms and Outdoor
Products & Accessories. Firearms manufactures handgun and
long gun products sold under the Smith & Wesson®, M&P®, and
Thompson/Center Arms™ brands as
well as provides forging, machining, and precision plastic
injection molding services. Outdoor Products & Accessories
provides shooting, hunting, and outdoor accessories, including
reloading, gunsmithing, and gun cleaning supplies, tree saws, vault
accessories, knives, laser sighting systems, tactical lighting
products, and survival and camping equipment. Brands in Outdoor
Products & Accessories include Smith & Wesson®, M&P®,
Thompson/Center Arms™, Crimson
Trace®, Caldwell® Shooting Supplies, Wheeler® Engineering, Tipton®
Gun Cleaning Supplies, Frankford Arsenal® Reloading Tools,
Lockdown® Vault Accessories, Hooyman® Premium Tree Saws, BOG POD®,
Golden Rod® Moisture Control, Schrade®, Old Timer®, Uncle Henry®,
UST™, and Imperial™. For more information on American Outdoor
Brands Corporation, call (844) 363-5386 or log on to
www.aob.com.
Safe Harbor Statement
Certain statements contained in
this press release may be deemed to be forward-looking statements
under federal securities laws, and we intend that such
forward-looking statements be subject to the safe-harbor created
thereby. Such forward-looking statements include the timing
and completion of our acquisition of Fish Tales; our belief that
the acquisition of Fish Tales allows us to further expand our
accessories business; our belief that the acquisition will expand
our presence in the knife and tool market and establish our
presence in the fishing accessories market; our ability to further
innovate and expand the Bubba Blade brand into adjacent markets;
and and our expectation of operating synergies in connection with
the acquisition. We caution that these statements are
qualified by important factors that could cause actual results to
differ materially from those reflected by such forward-looking
statements. Such factors include the demand for our products;
the state of the U.S. economy; general economic conditions and
consumer spending patterns; our anticipated growth and growth
opportunities; our ability to increase demand for our products in
various markets, including consumer, law enforcement, and military
channels, domestically and internationally; the position of our
accessories and hunting products in the consumer discretionary
marketplace and distribution channel; our penetration rates in new
and existing markets; our strategies; our ability to introduce new
products; the success of new products; our ability to expand our
markets; our ability to integrate acquired businesses in a
successful manner; and other risks detailed from time to time in
our reports filed with the SEC, including our Annual Report on Form
10-K for the fiscal year ended April 30,
2017.
Contact: Liz Sharp, VP Investor
Relations
American Outdoor Brands Corporation
(413) 747-6284
lsharp@aob.com
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SOURCE American Outdoor Brands Corporation