SPRINGFIELD, Mass.,
Aug. 14, 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 on August
11, 2017, its accessories business, Battenfeld Technologies,
Inc., completed the purchase of 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™, for approximately $12.0 million.
The signing of the definitive purchase agreement for the
acquisition was announced on July 12,
2017, and a copy of that announcement is located at:
http://ir.aob.com/phoenix.zhtml?c=90977&p=irol-newsArticle&ID=2286147
Battenfeld Technologies, Inc. will commence transitioning the
business to its facility in Columbia,
Missouri.
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®,
Thompson/Center Arms™, and Gemtech
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™, Imperial™, and Bubba Blade™. 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. 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