Simms Fishing Products was reportedly acquired by Vista Outdoor Inc. on Wednesday for $192.5 million.
In a press release, Vista Outdoor Inc. announced that the gross purchase price includes a net present value of roughly $20 million in future tax benefits.
Vista Outdoor Inc. (NYSE: VSTO), is the parent company of 39 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe. Simms is a premium fishing brand and leading designer, marketer and manufacturer of waders, outerwear, footwear and technical apparel.