Sierra Bullets has been sold.:(

[Littleholes]

I just read that Sierra has been purchased by Clarus, which is a holding company out of Utah. I really hope they dont strip Sierra down and turn them into crap.


https://globenewswire.com/news-rele...s-Acquires-Sierra-Bullets-for-79-Million.html

 

[HPMike800]

This stuff is never good. I'd feel better if the owner did more than push paper and cut what ever they can out of the company.

 

[sean68]

My company has been owned by no less than three holding companies since 2001. They all had the same goal: How much money can I make TODAY by cutting costs, selling under utilized assets, eliminating anything that doesn't generate something like 12% EBITDA or higher and then when the financial statement looks good, you will probably get sold again. From what I have seen there won't be any loyalty to customers or their employees. I hope I am wrong.

 

[clowdis]

This can't be good.

 

[onelastshot]

This can't be good.

So much for my favorite varmint bullet.

 

[KenOath]

Fingers crossed the quality of there product doesn't suffer, I have grown quiet fond of the 107gn 6mm bullet with factory meplat..

 

[john 800]

There are plenty of bullets out there, so as a consumer if it goes to crap i will survive. I just hope the employees are treated well in the transition, everyone needs a job ya know (or a good lotto ticket, but those are few and far between)

 

[Boyd L.]

...I just....hope they dont strip Sierra down and turn them into crap.....

And here I was just beginning to get my Wilson seater fine tuned for the 107 SMK. Oh well, there is a box or two of Bergers on the bench.

 

[Joe Salt]

Just talked to a couple guys that have a bunch of bad 107 SMK they just received so the bad stuff has already starting! New company may be better who knows.

Joe Salt

 

[T 700]

If u wondering what will happen just look at Remington nothing good ever comes out of these buy outs.

 

[Steve morgan]

Hope it doesn't end up like Remington
Freedom group drained them dry.
Quality gone to crap. Canned alot of good employed.dont have many people that know anything about guns&gun business& 900mil in debt year after year

 

[jawjaboy]

Let's take a deep breath folks.

Sierra has always been a profitable company. From what I read, it's already been said that management and employees will stay and be allowed to make the quality product that customers are expecting.

This is probably a good opportunity for new ownership to expand and add to the company.

 

[T 700]

I hope u are right!

 

[Mark W]

I've been on both sides of buyouts. With an investment group involved there is no way that this will end well for the employees or the end users.

 

[T 700]

Yep, they after one thing, money! ! All other things will suffer. Just sad

 

[Zero333]

Is it just a coincidence that my older Savage rifles have smoother actions than the newer ones made after ATK acquired Savage ?

 

[370bc]

I wonder if Kevin Thomas might chime in here. He use to work there I believe.

 

[eric32]

that just sucks, well i hope hornady and nosler dont go next

 

[JBT47]

Disturbing. Just have to wait and see.

 

[BOB LEE SWAGGER]

The sky is falling the sky is falling. What's going to happen to computers once we hit the year 2000? Scary stuff indeed!