Vista Outdoor Inc. to split into two publicly traded companies
In May of 2022, Vista Outdoor Inc., the parent company of CamelBak, Camp Chef and others, has announced that in 2023 it will be spinning off it sporting (ammunition) and outdoor segments into two separate companies. The company announced that current CEO Chris Metz will stay at the helm for the outdoor business, while the current sporting products president Jason Vanderbrink will become the CEO of the sporting business. Overall, the spinoff is aimed at capturing and increasing shareholder value.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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