HOT NEWS! Crosman Sold Again.

[hardairmag]

Latest news is that Crosman has been sold to a company called Compass Diversified Holdings for $152Million.

There's full details in Hard Air Magazine at Crosman Corporation Sold For $152 Million.[/QUOTE]http://hardairmagazine.com/news/crosman-corporation-sold-152-million/embed/

Stephen Archer
Hard Air Magazine
http://www.hardairmagazine.com

 

[Willie14228]

That's interesting, I would have thought they would have sold for more than that 

 

[davecole]

I just KNEW I should have sold some of my Berkshire-Hathaway shares when I had the chance.
It would have been FREE NP2'S AND 2240'S FOR ALL !!! 

 

[Saltlake58]

but, what does it mean for Crosman. They were making progress on new guns, so will that continue??

 

[John "spysir" Blount]

"Compass Diversified Holdings" will likey get more google search hit's thois week than in years.

Crosman, Sterno, Liberty Safe ( ish) , Hemp Hearts & Ergobaby and................. .

https://finance.yahoo.com/quote/CODI?ltr=1


Interesting to see if they flip it ( selling price seems good???) and "I" would think so, but don't know a thing about business's or just par it down a touch.
Crosman makes a lot more than what we call "airguns"
wait & see.


John

 

[T3PRanch]

Not really surprising. They used to belong to Coleman years ago!

Thurmond

 

[ztirffritz]

Says they were a majority share holder previously and sold in 2007, so it's just more of the same again. 

 

[Tinbuster]

I wonder what happened to the marauder field and target?

 

[Willie14228]

I was wondering why they had so many blitz sales popping up, now we know

 

[intenseaty22]

"Tinbuster"I wonder what happened to the marauder field and target?

That project got cancelled. I had asked someone in the know about it, and was told that it had been shelved, that they were looking at other projects, or something like that. I can try and look it up. At any rate, I think that this explains that. 

 

[T3PRanch]

Also might explain why "Chip" jumped ship at Crosman a while back!

Thurmond

 

[hardairmag]

The company had been for sale for many months. There was a big rumor at the 2017 SHOT Show that it had been sold, but that turned-out to have been false.

Personal opinion: I don't know what it means for Crosman. However Bob - the new CEO - has been there for many years and is a good guy, so there's continuity there. I've worked in the past for companies that have been sold. My experience is that once the sale has been agreed, it takes a great weight off of critical employees and they can then go back to making a success of the business, rather than spending much time just trying to sell the company.

I HOPE that this will be beneficial for the company in the long(-ish) term. Crosman has many great people who try really hard and I like to see them succeed.

Stephen Archer
Hard Air Magazine
http.www.hardairmagazine.com

 

[gamyrick]

Compass Diversified Holdings (CODI) does not manufacture a product they are in the business of making money. They target businesses that are positioned for growth and profitability and then distribute that profitability to their investors. ..."We expect the acquisition to provide approximately $0.12 per share of cash flow..." Will (CODI) take a hands-off approach and allow Crosman to pursue their current path, or will they move to maximize profits buy cutting management, R&D and US based manufacturing? Only time will tell.