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Sale of RUAG Ammotec USA Inc. to Umarex
Category: Defence Industry
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RUAG Ammotec Deutschland GmbH has sold its US subsidiary to the Umarex group of companies. This distributor specializes in the sale of high-quality airguns and airgun ammunition under the RWS brand, and is a market leader in this segment. RUAG Ammotec will continue to sell its products for the airgun pellet market - bearing the RWS label - via Umarex in North America. In the airgun segment, Umarex will use the RWS brand under a licence agreement. The two manufacturers expect the cooperation to generate significantly greater opportunities and synergies on the North American market. |
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