Olin (OLN) announced it has entered into a definitive agreement with AMMO (POWW) whereby Olin will acquire AMMO’s small caliber ammunition manufacturing assets for a purchase price of $75M. The transaction will be funded through available liquidity. The assets will become part of Olin’s Winchester Ammunition business. The acquisition includes AMMO’s brass shellcase capabilities and their 185,000 square foot production facility located in Manitowoc, Wisconsin, constructed in 2022. The acquisition is anticipated to yield realized synergies of $40M. The transaction is subject to customary terms and closing conditions and is expected to close in the second quarter of 2025.
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