Olin - Winchester Completes Acquisition of Small Caliber Ammunition Manufacturing Assets

Company Overview - Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a prominent U.S. manufacturer of ammunition, producing items such as chlorine, caustic soda, and various types of ammunition [5] Acquisition Details - Olin Corporation has completed the acquisition of small caliber ammunition assets from AMMO, Inc., which are now integrated into Olin's Winchester Ammunition business [1][2] - The acquisition includes a newly constructed 185,000 square foot production facility in Manitowoc, Wisconsin, enhancing Winchester's production capabilities and specialization in high-margin, specialty calibers [2] Financial Impact - The transaction is expected to be immediately accretive to Olin's shareholders, with an anticipated first-year adjusted EBITDA contribution of $10 to$15 million, including synergies [3] - Once fully integrated, the acquisition is projected to yield an adjusted EBITDA of $40 million per year with full realization of synergies [3] Strategic Goals - The acquisition aligns with Olin's capital allocation framework and Winchester's strategy to secure small, strategic opportunities that are immediately accretive [4] - The Manitowoc facility will allow Winchester to expand its reach into higher-value commercial and international military and law enforcement calibers, while legacy plants can focus on high-volume products [4]