American Military News by Hannah Wyman - St. Louis Post Dispatch 1/27/2024
Olin Corp. announced Tuesday it is set to buy ammunition manufacturing equipment from an Arizona company for $75 million. The deal is expected to close in the second quarter of 2025.
The small-caliber manufacturing assets will become part of Olin’s Winchester Ammunition business. The Wisconsin plant will “enable greater specialization and broader participation across high-margin specialty calibers,” Olin said in a press release.
“The Manitowoc assets will extend Winchester’s leadership position and expand the reach and value of our near full integration,” Brett Flaugher, Olin’s president of Winchester Ammunition, said in a statement. “The acquired assets will enable our legacy plants to lower costs of existing high-volume products and increase our ability to participate in higher-margin specialty rounds at a cost advantage.”
More:
https://americanmilitarynews.com/2025/01/olin-corp-to-acquire-wisconsin-ammo-plant/
