ARLINGTON, VA. -- ATK announced its agreement to acquire outdoor accessories and eyewear company Bushnell Group Holdings Inc.
The Bushnell acquisition will expand ATK's line of recreation products, which already includes ammunition, sporting arms and accessories.
"The Bushnell acquisition is consistent with ATK's focus on establishing leadership positions in our core markets," said Mark DeYoung, ATK President and CEO. "This acquisition will broaden our existing capabilities in the commercial shooting sports and expand our portfolio of branded shooting sports products."
Under the terms of the deal, ATK will pay $985 million in cash and anticipates closing the transaction by the end of Fiscal Year 2014.