Sierra Bullets Sold to Clarus Corporation

[Grand Torino]

Sierra Bullets has been acquired by Clarus Corporation (NASDAQ: CLAR) for the sum of $79,000,000, “subject to a post-closing working capital adjustment”. Sierra is one of the world’s leading producers of bullets for hunters, sportsmen, and target shooters. With revenues topping $30,000,000 per year, Sierra has long been a major force in the firearms world. Clarus, formerly Black Diamond Inc., is a Utah-based holding company which “seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns”. Clarus also owns Black Diamond Equipment, Ltd., maker of outdoor equipment/clothing for the climbing, skiing and mountain sports markets. 

http://bulletin.accurateshooter.com/2017/08/sierra-bullets-being-acquired-by-clarus-corporation/

[mikegideon]

Oh boy. Here come the wobbly SMK's..

[Ronald_55]

Buy what you need now before they screw up production.

[mikegideon]

Not a bad idea. I only use them for 223.

[Grunt67]

Sierra has been my favorite for decades, now, hmmmmm.

[bersaguy]

Ok so like I have said many times not being the brightest light in the room why would a company making 30 million a year sell for a mere 79 million?

[Ronald_55]

30 mill is revenue, not profit, they may have been in debt up to their eyeballs or at least broke as far as cash goes. If they saw a looming mountain of production upgrades coming, that would have hurt them too. The market may have been sliding too. They may have been a 50 mill a year revenue company a few years ago.

[tnhawk]

On ‎7‎/‎18‎/‎2018 at 6:45 PM, Grunt67 said:

Sierra has been my favorite for decades, now, hmmmmm.

Sierra has been a favorite of mine as well.  Hope their quality doesn't suffer.

[JohnC]

We still have Nosler.....

Not that I've used them for any real competition, but I did use them for hand loads for hunting in my .270 Winchester. 

[mikegideon]

Berger is still around too