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Article Date: January 2024
Word Count: 235

Clarus Sells Ammo Biz to Outside Buyer


The Black Diamond parent will get $175 million in cash for its precision sport segment that includes Sierra and Barnes Bullets, but the buyer is not CLAR’s executive chairman Warren Kanders, who had made an offer for the business in Sep. Following a process launched by the company’s board after Kanders’ bid, another entity stepped up with a competing offer. CLAR did not identify the buyer, but said it is a “U.S.-based non-strategic buyer that is not affiliated with the company or any of its officers or members of its board ... Log in to view full article.

 


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