Clarus Acquires Sierra Bullets For $79 Million [Seeking Alpha]
Clarus Corporation (CLAR)
NASDAQ:AMEX Investor Relations:
claruscorp.com
Company Research
Source: Seeking Alpha
Summary Quick Take Outdoor products holding company Clarus Corporation ( BDE ) announced that it has completed the acquisition of Sierra Bullets for $79 million. Sierra manufactures bullets using a proprietary manufacturing process for its 400 different product offerings. Clarus has acquired Sierra due to its enviable financial performance and intends to invest further in its business as well as acquire other complementary businesses, likely in the outdoor and sporting industries. Target Company Sedalia, Missouri-based Sierra was founded in 1947 to manufacture bullets intended for firearms. Management is headed by President Pat Daly, who has been with the firm since 1996 when he was hired as plant engineer. Below is a video about how bullets are made at Sierra: (Source: HowStuffWorks ) Sierra’s more well-known brands include MatchKing, GameKing and BlitzKing. The company’s customer base is mostly retailers, but also
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CLAR
News
- Clarus Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Clarus Reports First Quarter 2024 ResultsGlobeNewswire
- Clarus Announces $0.025 Per Share Quarterly DividendGlobeNewswire
- Clarus Sets First Quarter 2024 Conference Call for Thursday, May 2, 2024, at 5:00 p.m. ETGlobeNewswire
- Clarus Co. (NASDAQ: CLAR) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
CLAR
Earnings
- 5/2/24 - Beat
CLAR
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/29/24 - Form ARS
- CLAR's page on the SEC website