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Alliant Techsystems to buy Bushnell Group Holdings in $985 million deal

First Published      Last Updated Sep 05 2013 11:43 am

Alliant Techsystems Inc., the Minnesota-based aerospace company with extensive operations in Utah, said it has signed an agreement to purchase Bushnell Group Holdings Inc. for $985 million in cash.

Bushnell is a designer and distributor of branded sports optics, outdoor accessories and eyewear.

It is projecting sales for calendar 2013 of approximately $600 million. ATK said it will integrate Bushnell into its Sporting Group, which produces sporting and law enforcement ammunition and shooting accessories.