Olin Inks Agreement to Acquire AMMO's Ammunition Assets for $75M

Olin Corporation (OLN) entered into an agreement with AMMO, Inc. to acquire its small-caliber ammunition manufacturing assets for $75 million. This transaction is expected to be financed through the company’s available liquidity. In the post-transaction closure, AMMO’s ammunition business will become a part of Olin's Winchester unit. This transaction will include AMMO's brass shellcase capabilities and its 185,000-square-foot production facility, located in Manitowoc, WI. The facility and its employees are ...