ATK, one of the major companies of the global shooting industry, is about to buy Savage in a deal worth more than $300 million.
“Savage’s sales distribution channels, new product development, and sophistication in manufacturing will significantly increase our presence with a highly relevant product offering to distributors, retailers and consumers,” ATK president and CEO Mark DeYoung said.
The move should make little outward difference to Australian buyers, as the importer of Savage and Stevens firearms, NIOA, already deals with ATK.
“It will only strengthen our position, making us an even stronger ATK customer,” NIOA’s Damien Conlon said. “We like ATK – they’re a good company.”
ATK’s other products include ammunition brands Federal Premium, CCI, Fusion, Speer, Estate Cartridge, Blazer; and accessories brands such as Blackhawk, Alliant Power, RCBS, Champion, Gunslick Pro, Outers and Weaver.
Savage is among the older established firearm brands, having been set up in 1894 by Arthur Savage. It currently employs about 600 people in its Massachusetts, USA and Ontario, Canada plants.