Olin announces agreement to acquire the assets of White Flyer Targets

Olin Corporation announced an agreement to acquire the assets of White Flyer Targets, North America’s preeminent leader in recreational trap, skeet, and sporting clay targets, and combine it with the Winchester Ammunition business. The acquisition includes White Flyer’s five state of the art manufacturing facilities in Coal Township, Pennsylvania; Dalton, Georgia; Webb City, Missouri; Knox, Indiana; and, San Bernardino, California and includes White Flyer’s recently announced ECO FLYER target product line. The transaction is contingent on Olin’s completion of confirmatory due diligence, definitive agreements, and final approval of both companies’ Boards of Directors. The transaction is not expected to require any premerger filings and is expected to be completed in the Q4. Olin would fund the transaction with cash on hand and anticipates that the transaction would be immediately accretive to Olin’s shareholders.