Olin Corporation, who owns Winchester, annoinced they are buying Ammo Inc for $75 million on 1/21/25. The assets will become part of Winchester.
Apparently it is the brass shell case capabilties and 185,000 square foot production facility in Manitowoc, WI constructued in 2022.
At any rate, the whole press, release is here. I shot a few cases of Ammo Inc’s 10mm TMC ammo some years back and found it decent. They own Gunbroker so maybe they are going to focus more on that now.
I did see one comment that Ammo Inc has to restate their financials due to some problems with the accounting. Click here.