Olin Snaps White Flyer Targets Business, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation (NYSE:OLN) has completed the acquisition of White Flyer Targets, a leader in recreational trap, skeet, and sporting clay targets. The acquisition includes White Flyer's five manufacturing facilities and its ECO FLYER® target product line. The transaction was funded with cash on hand and is expected to be immediately accretive to Olin's shareholders.
October 02, 2023 | 11:35 am
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Olin Corporation's acquisition of White Flyer Targets is expected to be immediately accretive to its shareholders. The deal includes five manufacturing facilities and the ECO FLYER® product line.
The acquisition of White Flyer Targets, a leader in its field, is a positive development for Olin Corporation. The inclusion of five manufacturing facilities and a new product line could potentially boost Olin's production capabilities and product offerings. The fact that the deal is expected to be immediately accretive to shareholders indicates that it is likely to have a positive financial impact on the company in the short term.
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