In October 2023, the Czechoslovak Group (CSG), of Prague, Czech Republic, entered into a definitive agreement to buy the ammunition brands of Vista Outdoor Inc. for $1.9 billion. Vista is an outdoor sports company that specializes in outdoor products, i.e., camp equipment, and shooting sports, i.e., ammunition.
n February, U.S.-based MNC Capital Partners and a private equity partner made their first offer to buy Vista for $35.00 per share in cash for both the outdoor products and ammunition pieces. The offer was rejected by the Vista board in March.)
The senators claim the deal will put a foreign company that has ties to Russia and China in control of primer production, and at the helm of the Lake City Army Ammunition Plant, a government-owned, contractor-operated producer of small arms ammunition for the U.S. government and civilian buyers.
The acquisition must be approved by the Committee on Foreign Investment in the United States (CFIUS) and Senator Kennedy asked Janet Yellen, the Secretary of the Treasury to ensure that CFIUS will "carefully examine national security concerns of the proposed acquisition."
