Post by bluedot on Oct 17, 2023 10:27:12 GMT -5
www.shootingillustrated.com/content/czechoslovak-group-acquiring-federal-cci-hevi-shot-remington-ammo-and-speer/
Czechoslovak Group (CSG) has entered into a definitive agreement to purchase the Sporting Products division of Vista Outdoor for $1.91 billion. The manufacturers that will change ownership include Federal, CCI, Hevi-Shot, Remington Ammo and Speer, some of the industry’s foremost ammunition manufacturers.
Then there's this too:
This hasn’t been a great past few days for the world.
That’s likely as understated a description as would be imaginable. But “the world’s lost its ever-loving mind” would be more inflammatory than helpful. Doesn’t seem we need any more inflammation.
“Are we headed for another “Ammo-geddon?”
That’s the question a friend stunned me with over the weekend. Honestly, there’s no real way to answer that.
Ammunition makers have been going at what’s described as close to “full steam” for months.
But as demand on the most popular calibers has lessened, they’ve been able to get back to making some of the second or third tier calibers that might not be as popular, but have very dedicated users. That, along with some softening in retail pricing, had been reason for many of us to believe the ammo supplies were getting back to sustainable levels. Some, in fact, were beginning to glut the supply chain.
That was before the Hamas attack on Israel. Before the administration pledged it’s “unconditional, full support of Israel” - including restocking their “Iron Dome” and other defenses. That started tongues wagging.
On Thursday, rumors began circulating that Remington’s Lake City ammo facility, primarily a supplier to the military, had quietly canceled “several” civilian contracts. We haven’t been able to confirm those reports, but they’re certainly growing in number and frequency. If Lake City’s stopping sales to civilians, that might indicate a future point shortage in military caliber ammo produced there. That’s predicated, however, on their actually having cancelled orders.
But as news broke Friday that there had been an explosion - with casualties - at a Hornady Manufacturing chemical compounding building in Wood River, Nebraska, fears of an ammunition shortage quickly started spreading.
Subsequent news reports from Wood River confirmed the accident, along with a single fatality, and two other injuries. With an investigation ongoing, information hadn’t advanced much since then.
Until last evening when Jason Hornady responded to our request for information.
“We’re devastated for our employee, their family and loved ones,” he told me. We’re hurting along with the entire Hornady team.”
“We are working with all agencies to investigate the cause,” he continued, “this incident was isolated to our primer facility and did not impact any of our manufacturing facilities.”
He also asked that we let everyone who has reached out to Hornady know how much they appreciate the messages as “we grieve the loss of one of our own."
That’s likely as understated a description as would be imaginable. But “the world’s lost its ever-loving mind” would be more inflammatory than helpful. Doesn’t seem we need any more inflammation.
“Are we headed for another “Ammo-geddon?”
That’s the question a friend stunned me with over the weekend. Honestly, there’s no real way to answer that.
Ammunition makers have been going at what’s described as close to “full steam” for months.
But as demand on the most popular calibers has lessened, they’ve been able to get back to making some of the second or third tier calibers that might not be as popular, but have very dedicated users. That, along with some softening in retail pricing, had been reason for many of us to believe the ammo supplies were getting back to sustainable levels. Some, in fact, were beginning to glut the supply chain.
That was before the Hamas attack on Israel. Before the administration pledged it’s “unconditional, full support of Israel” - including restocking their “Iron Dome” and other defenses. That started tongues wagging.
On Thursday, rumors began circulating that Remington’s Lake City ammo facility, primarily a supplier to the military, had quietly canceled “several” civilian contracts. We haven’t been able to confirm those reports, but they’re certainly growing in number and frequency. If Lake City’s stopping sales to civilians, that might indicate a future point shortage in military caliber ammo produced there. That’s predicated, however, on their actually having cancelled orders.
But as news broke Friday that there had been an explosion - with casualties - at a Hornady Manufacturing chemical compounding building in Wood River, Nebraska, fears of an ammunition shortage quickly started spreading.
Subsequent news reports from Wood River confirmed the accident, along with a single fatality, and two other injuries. With an investigation ongoing, information hadn’t advanced much since then.
Until last evening when Jason Hornady responded to our request for information.
“We’re devastated for our employee, their family and loved ones,” he told me. We’re hurting along with the entire Hornady team.”
“We are working with all agencies to investigate the cause,” he continued, “this incident was isolated to our primer facility and did not impact any of our manufacturing facilities.”
He also asked that we let everyone who has reached out to Hornady know how much they appreciate the messages as “we grieve the loss of one of our own."