Olin Corporation (OLN), a manufacturer of chemicals and ammunition, Tuesday said it has agreed to acquire small caliber ammunition manufacturing assets from AMMO, Inc. (POWW) for $75 million.
"We expect the Manitowoc assets to generate $15 million to $20 million of incremental adjusted EBITDA in the first year and, by the third year, we expect to have paid less than two times adjusted EBITDA," said Ken Lane, Olin's President and CEO.
The acquired assets which include AMMO's brass shellcase capabilities and its 185,000 square foot production facility at Manitowoc, Wisconsin, will be part of Olin's Winchester Ammunition business.
The deal is expected to close in the second quarter of 2025.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.