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Thread: Article: Vista Outdoor Sells Savage Arms

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    Administrator J.Baker's Avatar
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    Article: Vista Outdoor Sells Savage Arms

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    Found this on Varminter.com

    "
    WESTFIELD, Massachusetts – July 8, 2019 – Vista Outdoor announced today the sale of Savage Arms, one of the world’s largest manufacturers of hunting rifles and shotguns, in a management led buyout to a group of investors headed by Al Kasper, the president and CEO of Savage. The press release can be found here.


    “We want to thank Vista Outdoor for the support over the last six years. They invested in us and provided guidance in the transformation of the Savage brand, further developed our product portfolio allowing entry to new markets,,” said Al Kasper, Savage President and Chief Executive Officer. “Savage is an extremely strong brand and in a great position to keep charging forward. The momentum gained under Vista Outdoor will propel us for future success. It is business as usual and Savage is excited to continue building on existing relationships within the firearms industry.”

    Savage, Stevens and Fox shotguns have been delivering innovative products for more than 125 years. In 1894, Savage forever changed the world of firearms with a commitment to a higher standard in quality. Savage has built a reputation for continuously improving firearm design while becoming the standard for accuracy and value in the industry.


    “We are excited to build on the Savage legacy and are blasting into our next chapter. Here at Savage we are excited to show you what we have coming, because we are just getting our barrels warm! You’ll see more customizable platforms based on our incredibly versatile Accufit stock system, and a continued focus on making your firearm best fit your shooting and hunting needs.” said Beth Shimanski, Director of Marketing. “As we are transitioning, you’ll see more detailed information coming, with updated contacts and information.”"

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    Any word on who the buyer was? Was rumored at one time that Smith & wesson was interested
    Last edited by greggkinney; 07-11-2019 at 02:02 PM. Reason: bad spelling

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    Another article said it was a group of investors (didn't name who that was) along with Al Kasper (current president and CEO of Savage) and, I believe, Savage management.

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    Quote Originally Posted by efm77 View Post
    Another article said it was a group of investors (didn't name who that was) along with Al Kasper (current president and CEO of Savage) and, I believe, Savage management.
    Well at least the management may remain the same. Hopefully q.c.and pricing will too.

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    Hopefully so.

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