Savage Arms Sold: New Owners Promise Business As Usual

by
posted on August 28, 2019
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
savagearmssold_lead.jpg

In July, Vista Outdoor sold Savage Arms and its subsidiaries, Fox and Stevens, to Long Range Acquisition LLC, an investment group that includes Savage’s current president and CEO, Al Kasper, for a price of $170 million.

As part of Vista’s new “transformation plan,” the sale is intended to help the corporation cut costs, merge management, offload debt and focus on growth in fields in which it can emerge as market leaders, such as ammunition, hunting and shooting gear, and other outdoor products.

“Divesting our Savage brand was a key aspect of our transformation plan,” said Chris Metz, chief executive officer of Vista Outdoor. “While it was a difficult decision to sell such an iconic brand, I remain confident that this was the correct choice to help Vista Outdoor grow in those categories where we can have leadership positions. Savage is a fantastic business, and it deserves to continue to evolve into other firearms categories. At this time, however, we simply do not have the resources to transform Savage into the full-service firearms company that it deserves to be and, therefore, we determined the brand would be better off with a different owner. We’re excited to see Savage reach its full potential under new ownership.”

President and CEO of Savage Al Kasper expressed gratitude to Vista Outdoor for its support of the Savage brands, and believes the gun company has a bright future in its newfound independence.

“We want to thank Vista Outdoor for the support. They invested in us and provided guidance in the transformation of the Savage brand, further developed our product portfolio allowing entry to new markets,” said Kasper. “[We’re] an extremely strong brand and in a great position to keep charging forward. The momentum gained under Vista will propel us for future success. It is business as usual and Savage is excited to continue building on existing relationships within the firearms industry.”

Latest

SG Banish 46 V2 Lead
SG Banish 46 V2 Lead

#SundayGunday: Banish 46-V2

On this week's #SundayGunday, we're talking about suppressors, specifically the Banish 46-V2, capable of taming nearly every gun in your safe, up to and including the big boys like .338 Lapua.

KelTec Named Official Stage Sponsor for 2025 NRA World Shooting Championship

The National Rifle Association of America (NRA) is proud to announce KelTec as an official sponsor of the 2025 NRA World Shooting Championship, returning to Camp Atterbury, Ind., from September 30 to October 4, 2025.

Thompson/Center Arms Celebrating 60th Anniversary

Thompson/Center Arms is celebrating its 60th anniversary in 2025. Since 1965, T/C Arms has built a legacy rooted in the pioneering spirit of American hunters.

Federal Ammunition Awards 2025 Tom Knapp Memorial Scholarships

Federal Ammunition recently awarded the 2025 Tom Knapp Memorial Scholarships to two 4-H shooting sports teen ambassadors: Lucy Evans from Georgia and John Bruner from Pennsylvania.

Head to Head: 7x57mm Mauser vs. .30-06 Springfield

I’ve had more than a few requests for this Head to Head, so I figured it was high time to pit two of the early 20th century’s most popular military cartridges against one another. Let's dive into the 7x57mm Mauser vs. the .30-06 Springfield.

NRA Hunter Education FREE Online Course Now Available in Louisiana

The National Rifle Association of America’s award-winning free Hunter Education online course is now available in the State of Louisiana, the latest addition as NRA works to make the course available to hunters in all 50 states.

Interests



Get the best of American Hunter delivered to your inbox.