Vista Re-Files Notice To Committee On Foreign Investment Over CSG Sale

by
posted on April 16, 2024
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
Vista Kinetic Logo

On March 28, Vista Outdoor announced it had voluntarily withdrawn and re-filed its joint voluntary notice to the Committee on Foreign Investment in the United States (CFIUS), a move that allows committee members additional time to conduct due diligence on the proposed sale of The Kinetic Group branch of Vista’s corporate portfolio to the Czechoslovak Group (CSG). CFIUS accepted the re-filing, opening a new review period. 

“Our team is actively engaged with CFIUS, alongside CSG,” said Michael Callahan, chairman of the Vista Outdoor Board of Directors. “We’re pleased CFIUS accepted our re-filed notice, which will allow the work to continue. We remain confident in our ability to receive all necessary regulatory approvals, including with respect to CFIUS.”

Federal Ammunition, Remington Ammunition, CCI, Speer, Hevi-Shot, Estate Cartridge and Alliant Powder comprise Vista Outdoors’ The Kinetic Group of companies. Sale of the legendary ammunition and component manufacturers drew the attention of the Homeland Security Committee in Congress late last month, when Rep. Clay Higgins (R-La.) asked Treasury Secretary Janet Yellen to carefully review the acquisition. He noted the firms account for roughly 70 percent of primer production in the free world, a critical source for U.S. military, law enforcement and civilian enthusiasts. Vista’s refiling grants CFIUS members additional time to gather information and weigh Rep. Higgins’ concerns.

CSG issued a news release on April 9 reassuring the committee it has no intention of compromising national security. It explains, “We are a significant supplier to NATO and Ukraine and have no ties to Russia, China or other U.S. adversaries.” As for claims it will move production, “We have demonstrated our commitment to manufacturing in the U.S. Through our ownership of Fiocchi Munizioni, we already have a U.S. presence, with production facilities in Little Rock, Arkansas and Ozark, Missouri. In fact, we are currently considering expanding our U.S. production capacity. Any claim that CSG has eliminated U.S. jobs is completely wrong.”

Value of CSG’s offer for The Kinetic Group is $1.91 billion. In addition to CFIUS clearance, the sale remains subject to approval of Vista Outdoor’s stockholders, as well as other customary closing conditions.

Latest

Taurus Expedition Rifleman Review 1
Taurus Expedition Rifleman Review 1

Rifleman Review: Taurus Expedition

Taurus entered the bolt-action rifle market with its Expedition, a Remington 700-pattern design that's built to be versatile and affordable.

New For 2025: Charter Arms Pathfinder II

Charter Arms updated one of the oldest models in its lineup with the new Pathfinder II, which features a lightweight 7075 aluminum frame, making it more well-balanced and easier to carry.

Review: Kimber 2K11

The 2011-style pistol was designed to address the capacity limitations of the single-stack M1911 platform, and Kimber's approach to the concept is its 2K11, a competition-ready offering with several notable features.

Favorite Firearms: A High-Flying Hi-Standard “A-D”

Manufactured in New Haven, Conn., in late 1940, this Hi-Standard pistol was shipped as a Model “A,” but a heavier Model “D” barrel was installed later to replace the original, light barrel, leading one American Rifleman reader to call it a Model “A-D.”

Ruger Helps Families In Need Through The Kids & Clays Foundation

In the effort to help tens of thousands of critically ill children and their families across the nation through local Ronald McDonald Houses, Ruger is among some of the industry’s foremost Platinum-level sponsors of The Kids & Clays Foundation.

Unlocking The Future: Smith & Wesson's "No Lock" Revolvers

The future is shaping up to be a good one for fans of Smith & Wesson revolvers. The iconic American company had released 14 new models thus far in 2025 at the time this was written mid-year. And, with one exception, they have all shared a common feature—no internal lock.

Interests



Get the best of American Rifleman delivered to your inbox.