The firearm industry consolidation continues. ATK, a major player in the defense industry, has purchased Blackhawk Industries.
MINNEAPOLIS, April 12 Alliant Techsystems (NYSE:ATK – News) has acquired Blackhawk Industries Products Group Unlimited, LLC, one of the most recognizable brands in the rapidly expanding security market. The acquisition of Blackhawk, combined with the recent acquisition of Eagle Industries, strengthens ATK’s position in tactical accessories and equipment for domestic and international military, law enforcement, security, and sport enthusiast markets. Terms of the agreement were not disclosed.
“The acquisition of Blackhawk supports our strategy of expanding into adjacent lanes while leveraging ATK’s existing core competencies to deliver efficient growth and EPS,” said Mark DeYoung, President and CEO. “Blackhawk provides ATK with a leading tactical systems brand, an expanded portfolio of quality products, and additional design and development expertise for innovative tactical accessories. This acquisition significantly increases our presence and our potential in the growing domestic and international security markets.”
ATK produces ammunition under a variety of brands including Federal and CCI. A while ago Blackhawk purchased Knoxx (a recoil reduction stock manufacturer).