(RTTNews) - Olin Corporation (OLN), a manufacturer of chemicals and ammunition, Tuesday said it has agreed to acquire small caliber ammunition manufacturing assets from AMMO, Inc. (POWW) for $75 million.
"We expect the Manitowoc assets to generate $15 million to $20 million of incremental adjusted EBITDA in the first year and, by the third year, we expect to have paid less than two times adjusted EBITDA," said Ken Lane, Olin's President and CEO.
The acquired assets which include AMMO's brass shellcase capabilities and its 185,000 square foot production facility at Manitowoc, Wisconsin, will be part of Olin's Winchester Ammunition business.
The deal is expected to close in the second quarter of 2025.
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