News at Battenfeld Technologies

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Battenfeld Technologies is the industry-leading manufacturer of shooting, reloading, gunsmithing and gun cleaning supplies. Â Join our cohesive team as Assembly Specialist II. This position involves assembling a wide array of products within our warehouse to the highest quality standards. Â The Assembly Specialist II will guide and assist others within the operations to assure correct assembly methods are followed and will perform various documentation tasks relative to the position. Â Other qualifications include:

Battenfeld Technologies, Inc. Acquires BOGPOD

Release Date: April 17, 2014

BOGgear has been a leading manufacturer of monopods, bipods and tripods for shooting, photography and videography since 2006.

Kim Hicks, founder of BOGgear stated, “I couldn’t be more proud to have a company like Battenfeld acquire BOGgear; the brands are a perfect match. I look forward to working with them to take it to the next level. We want to thank our loyal customers, and truly appreciate the relationships that have developed over the years. We are confident that the transfer of the BOGgear line of accessories into the Battenfeld group of brands will result in even better service to the industry.”

Battenfeld Technologies Inc. is an industry leading manufacturer of shooting, reloading, gunsmithing and gun cleaning supplies. Battenfeld manufactures accessories under several popular brands including; Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Lockdown Vault Accessories, Frankford Arsenal, Non-Typical Wildlife Solutions and others.

VP of Products and Marketing, Jim Gianladis, stated “We are extremely excited about the addition of BOGgear to Battenfeld; Kim Hicks has done an amazing job establishing the BOG-POD and BOGgear brands. We are committed to bringing high quality, innovative products to the market and look forward to extending our Caldwell line of Shooting Accessories with BOGgear.

“We look forward to working with the BOGgear customers and are committed to exceeding their expectations after this transition. We plan to add Battenfeld’s outstanding customer service to an already top of the line product,” says VP of Sales, Bob Zara.

Battenfeld plans to move BOGgear operations to its facility in Columbia, Missouri immediately. There will be no interruption to delivery of BOG product. Future correspondence should be directed to Battenfeld at:

 

Battenfeld Announces Key Management Promotions

Release Date: June 20, 2014

Battenfeld Technologies has announced two key promotions in its senior management team. Jim Gianladis has accepted the role of CEO for the company and Adam Birk will assume the position of COO. Jim has led the company’s Sourcing, Product Development and Marketing efforts as a VP since 2011. Gianladis commented “I couldn’t be more proud of the Battenfeld organization and I am extremely excited about the company’s opportunities for continued growth. I’m honored that the board has chosen me to lead the outstanding Battenfeld team.” Birk previously held the title of VP of Engineering & Operations for the company. “I’m very grateful for the opportunity to help lead and execute strategies for a team that is so dedicated to innovation, customer satisfaction, and continuous improvement.” said Birk.

 Both Birk and Gianladis joined Battenfeld in 2007 and have helped the company to grow rapidly. The company remains highly dedicated to innovative product development and outstanding customer service. Battenfeld has a proven track record of bringing top quality, category leading products to market.

 Battenfeld Technologies Inc. is an industry leading manufacturer of shooting, reloading, gunsmithing and gun cleaning supplies. Battenfeld manufactures accessories under several popular brands including; Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Lockdown Vault Accessories, Frankford Arsenal, Non-Typical Wildlife Solutions and others. Battenfeld was acquired by Clearview Capital, a private equity firm based in Old Greenwich Connecticut in June of 2012.

Battenfeld Technologies, Inc.® To Acquire Hooyman Saws

Release Date: February 2, 2015

COLUMBIA, Mo., January 8, 2015 – Battenfeld Technologies, Inc., an industry leading
manufacturer of shooting, reloading, gunsmithing and gun cleaning supplies, today announced
that it intends to acquire the assets of Hooyman Saws, a manufacturer of extendable tree saws
designed for the hunting and outdoor industry.
Hooyman Saws was founded in 2008 when Andrew Hooyman and his family developed a tree
saw that functioned as both an extendible saw and a folding saw. This unique feature, combined
with adjustability, an exclusive positive locking design feature, and the strength of aircraft grade
aluminum, helped to make the Hooyman Saw a favorite among consumers as well as recognized
hunting sports and outdoor industry personalities.
Andrew Hooyman, said, “We are proud that our original product concept has grown to become a
leading brand in the hunting and outdoor industry, a success that we owe to both product
innovation and to our loyal customer base. We look forward to the Battenfeld Technologies
team taking Hooyman Saws to its next level of success with new product developments and a
continuation of the exceptional service and support that our customers have enjoyed.”
Battenfeld President, Jim Gianladis, said, “We are excited about adding Hooyman Saws to the
Battenfeld Technologies family of brands. Andrew has successfully established and grown the
brand, and we believe that foundation, combined with our ability to bring high quality,
innovative products to the market, provide us with an exciting opportunity to further grow and
expand the Hooyman product line.”
Battenfeld Technologies plans to locate Hooyman operations in its Columbia, Missouri facility,
effective upon completion of the acquisition, with no expected impact on deliveries of Hooyman
products.
About Battenfeld Technologies, Inc.
Based in Columbia, Missouri, and owned by Smith & Wesson Holding Corporation, Battenfeld
Technologies develops and sells shooting, reloading, gunsmithing, and gun cleaning supplies under
several popular, premium brands, including Caldwell® Shooting Supplies, Wheeler® Engineering,
Tipton® Gun Cleaning Supplies, Lockdown® Vault Accessories, Frankford Arsenal®, Non-Typical
Wildlife SolutionsTM and others. For more information about Hooyman or other Battenfeld Technologies
products, visit www.BTIbrands.com or call 573-445-9200.

Smith & Wesson Holding Corporation to Acquire Battenfeld Technologies, Inc.

Release Date: February 2, 2015

SPRINGFIELD, Mass., November 25, 2014 — Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leader in firearm manufacturing and design, today announced that it has signed a definitive agreement to acquire Battenfeld Technologies, Inc., an industry-leading provider of hunting and shooting accessories. The acquisition, which is expected to be accretive to Smith & Wesson gross margins, earnings per share, and cash generated in fiscal 2016, is expected to close in mid- to late December.
The agreement provides for Smith & Wesson to acquire Battenfeld Technologies for $130.5 million in cash, subject to certain adjustments. Based in a 145,000 square foot facility in Columbia, Missouri, Battenfeld Technologies develops and sells shooting, reloading, gunsmithing, and gun cleaning supplies under several popular, premium brands, including Caldwell® Shooting Supplies, Wheeler® Engineering, Tipton® Gun Cleaning Supplies, and Lockdown® Vault Accessories.
Battenfeld Technologies maintains a product development team that has an established track record of launching high-quality, innovative products across its brand portfolio. As a result, its products maintain a prominent position with several independent retailers as well as large sporting goods retailers, including Cabela’s, Bass Pro Shops, Dick’s Sporting Goods, and Gander Mountain. Battenfeld products are also available at internet retailers, including amazon.com and MidwayUSA.
Battenfeld Technologies was founded 22 years ago and since 2006 has generated a largely organic compound annual revenue growth rate in excess of 18%, fueled by sales of newly developed products. In addition to this strong organic growth, the company has also expanded by successfully acquiring small, specialty, hunting-related accessories companies, such as BOG-POD® and GoldenRod®.
James Debney, Smith & Wesson President and CEO, said, “Battenfeld Technologies provides us with a unique opportunity to acquire a thriving company that fits perfectly within our core firearm business. It also allows us to move more strongly into the hunting vertical as well as establish a strong platform for growth in our existing firearm accessories business, which has been a small but highly profitable part of our company. Most of the growth of Battenfeld Technologies has occurred organically, which is a testament to the robust product development capability that Jim Gianladis, the Chief Executive Officer of Battenfeld Technologies, and his team have established. That capability, combined with Battenfeld Technologies’ sophisticated sourcing and distribution infrastructure, should provide a solid framework for organic and inorganic growth as the new accessories division of Smith & Wesson. Our intention is that eventually all existing Smith & Wesson®, M&P®, and Thompson/Center Arms™ accessories will be housed within this new division. As we continue to expand further into the hunting category, we expect that our accessories businesses will benefit from Battenfeld Technologies’ sourcing and distribution efficiencies and established expertise in new product development.”
Jim Gianladis, who joined Battenfeld in 2007, will serve as the President of Battenfeld Technologies and will report directly to Debney. The Battenfeld Technologies management team and workforce, as well as its base of operations, will continue in Columbia, Missouri. Gianladis said, “We are very excited to join the team at Smith & Wesson. At Battenfeld Technologies, we have built a robust hunting and accessories business based upon our premium product quality and innovation. We believe that makes us a perfect fit for Smith & Wesson, a legendary company with an iconic brand, world-class products, and broad markets that span consumer, law enforcement, and international channels. Together, we have the opportunity to further expand our business and achieve a new level of success.”
The purchase price for Battenfeld Technologies will be paid using existing cash balances and cash from a $100 million draw on Smith & Wesson’s existing line of credit, which has been expanded to $125 million as a result of the company’s partial exercise of the accordion feature on that line of credit. Battenfeld Technologies is being acquired from Clearview Capital, a private equity firm based in Connecticut.
Due to its anticipated timing, the transaction is expected to have nominal impact on Smith & Wesson’s operational and financial results for the fiscal 2015 third quarter ending January 31, 2015. Without considering any revenue synergies, Smith & Wesson estimates that the acquisition will provide incremental revenue in its 2016 fiscal year in excess of $55 million and EBITDA margins on the incremental revenue in excess of 27%. The acquisition is also expected to be accretive to Smith & Wesson gross margins, earnings per share, and cash generated in fiscal 2016. Smith & Wesson will provide additional details and an update on the progress of the transaction during its fiscal second quarter earnings conference call, scheduled for December 4, 2014. Details of the conference call follow.
Cowen and Company, LLC is acting as exclusive financial advisor and Greenberg Traurig, LLP is acting as legal advisor to Smith & Wesson and its Board of Directors. Robert W. Baird & Co. is acting as exclusive financial advisor and Loeb and Loeb, LLP is acting as legal advisor to Battenfeld Technologies, Inc. and its owner.
Conference Call and Webcast
The company will host a conference call and webcast on December 4, 2014, to discuss its second quarter fiscal 2015 financial and operational results. Speakers on the conference call will include James Debney, President and Chief Executive Officer, and Jeffrey D. Buchanan, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Those interested in listening to the conference call via telephone may call directly at 857-244-7308 and reference conference code 44133134. No RSVP is necessary. The conference call audio webcast can also be accessed live and for replay on the company’s website at www.smith-wesson.com, under the Investor Relations section. The company will maintain an audio replay of this conference call on its website for a period of time after the call. No other audio replay will be available.
About Smith & Wesson
Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality firearms, related products, and training to the global military, law enforcement, and consumer markets. The company’s brands include Smith & Wesson®, M&P®, and Thompson/Center Arms™. Smith & Wesson facilities are located in Massachusetts, Maine, and Connecticut. For more information on Smith & Wesson, call (800) 331-0852 or log on to www.smith-wesson.com.
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include the timing and completion of our acquisition of Battenfeld Technologies, our ability to grow the accessories business and expand in the hunting category, the future operating structure of Battenfeld Technologies, our planned financing of the acquisition of Battenfeld Technologies, the accretive effect of the acquisition of Battenfeld Technologies, our estimated 2016 fiscal year revenue and EBITDA margins from the acquisition of Battenfeld Technologies, the framework for growth of our accessories business, the benefits from Battenfeld Technologies’ sourcing and distribution efficiencies and expertise in new product development, and the opportunity to further expand Battenfeld Technologies’ business and achieve a new level of success. We caution that these statements are qualified by important factors that could cause
actual results to differ materially from those reflected by such forward-looking statements. Such factors include, but are not limited to, difficulties in the integration of Battenfeld Technologies with our company; the potential loss of key personnel, customers, or suppliers; any reduction in the sales of our products; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2014.