American Outdoor Brands Corporation, a leading manufacturer of firearms and a provider of accessory products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its firearms business, Smith & Wesson Corp., has completed the purchase of substantially all of the assets of Gemini Technologies, Incorporated (“Gemtech”), a provider of suppressors and accessories for the consumer, law enforcement, and military markets, for $10.0 million, subject to post closing working capital adjustments and potential earn-out payments.
The signing of the definitive purchase agreement for the acquisition was announced on July 15, 2017, and a copy of that announcement is located at: http://ir.aob.com/phoenix.zhtml?c=90977&p=irol-newsArticle&ID=2285430.
Due to the strict regulatory requirements governing the sale of suppressors, Smith & Wesson expects the integration and ramp up of Gemtech products to take place gradually over the balance of its current fiscal year.
For more information about American Outdoor Brands Corporation, visit www.aob.com.
For more information about Gemtech, visit https://gemtech.com.