Sierra Bullets Acquires Industry-Leading Barnes Bullets
Clarus Corporation Bolsters Utah Presence with Strategic Addition
Merger Brings Together Two Pioneering Brands in Ammunition Manufacturing
Salt Lake City, Utah – March 28, 2020 - Clarus Corporation (NASDAQ: CLAR), the parent company of Sierra Bullets, has announced the acquisition of Barnes Bullets, a leading manufacturer of environmentally sound lead-free bullets.
The acquisition solidifies Clarus' position as an industry leader in the production of high-quality ammunition components. Barnes Bullets is renowned for its innovative copper-based bullets, which offer superior performance and reduced environmental impact compared to traditional lead bullets.
Sierra Bullets, known for its precision bullets and extensive product line, complements Barnes Bullets' offerings. The combined portfolio will provide customers with a comprehensive range of options for various shooting disciplines.
According to Clarus, the acquisition further strengthens its presence in Utah, where both companies are headquartered. The combined entity is expected to generate significant synergies through optimized operations and expanded sales channels.
The acquisition reflects the growing demand for environmentally friendly ammunition. Barnes Bullets' lead-free technology aligns with the industry's shift towards sustainable practices. By offering a wide range of lead-free products, Clarus is well-positioned to meet the needs of today's eco-conscious shooters.
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