To Provide Supply Chain Integration in Support of Future Growth and Enhance Competitive Positioning
SCOTTSDALE, AZ, March 19, 2019 (GLOBE NEWSWIRE) — AMMO, Inc. (OTCQB: POWW), a technology leader and premier American ammunitions manufacturer, today announced AMMO, Inc., has closed the strategic acquisition of Jagemann Sporting Group’s Wisconsin Casings division (“Jagemann Casings”).
Jagemann’s Casing Division is located in Manitowoc Wisconsin, the headquarters for Jagemann Stamping, the 73-year-old parent company founded to serve the automotive industry with specialty precision metal stamped parts. Over the last several decades, Jagemann expanded its product offerings into several other industrial end markets. In 2011, the Jagemann leveraged its stamping expertise to build a new ammunition casing business with a portfolio to include more than 30 different cartridges for the commercial, law enforcement and military markets.
“The Casings division has been a successful operation for the Jagemann organization, generating both significant revenue and cash flow for the business,” stated Tom Jagemann, CEO and Chairman for Jagemann Stamping. “We fully expect this growth trend to continue and believe that when coupled with the product line developed by AMMO, Inc. the newly formed partnership will expand its footprint across the targeted sales channels.”
The Jagemann Casings operations will continue to be led by its current general manager and an established manufacturing team, who will manage the business and operations under the direction of AMMO, Inc. The manufacturing operations will remain in Manitowoc, Wisconsin. Jagemann CEO, Tom Jagemann, will continue to lead Jagemann Stamping Company and focus on its core business as a leading manufacturer of deep drawn, progressive and fine blanking metal stampings. Mr. Jagemann has been appointed as a Director on AMMO, Inc.’s Board in conjunction with the closing of the transaction.
“We’ve made significant investments into our revolutionary technologies, such as our commercially available STREAK™ Visual Ammunition, which utilizes our one-way luminescent technology patent, or as it is known in the defense market, O.W.L. Technology™. Additionally, following the acquisition of SW Kenetics’ armor piercing technology, we’ve launched our latest product tailored of to the defense industry, branded as TAC-P™ or Tactical Precision,” stated Fred Wagenhals, CEO of AMMO, Inc. “The acquisition of Jagemann’s ammunition casings manufacturing facility and expertise reflects the natural evolution of our business as a fully integrated manufacturer. Jagemann provides AMMO, Inc. with the necessary alignment of our supply chain to ensure we can more effectively compete in the future as we embark on our growth strategies in both our Commercial and Global Tactical Defense divisions. We are excited to welcome the Jagemann team to the AMMO, Inc. family and look forward to growing together.”
This transaction solidifies AMMO, Inc.’s position in the ammunition industry, as a leading manufacturer of innovative and high-quality products. AMMO, Inc. has developed a series of product lines that require consistent sources of supply throughout various business cycles and the addition of Jagemann’s casing platform ensures that AMMO, Inc. will be able to deliver its munitions platforms across a variety of specialty calibers to its customers in the future.
Tom Jagemann, CEO of Jagemann Sporting Group commented, “AMMO, Inc. has demonstrated a fresh, innovative approach to the ammunition industry and we share common philosophies around quality, which have been the cornerstone of our business for over 60 years. This transaction allows us to refocus on our own growth initiatives within our core Stamping business. We look forward to working closely with the AMMO, Inc. to achieve our collective goals and are excited about what the future holds for the business.”
About Jagemann Sporting Group
A division of Jagemann™ Stamping Company, was founded in 1946 in Manitowoc, Wisconsin. Jagemann™ Sporting Group is backed by decades of manufacturing experience that allows the production of high-quality pistol brass, rifle brass, and automotive-grade pistol magazines for professional shooters everywhere.
Borne from the automotive industry and refined over time to deliver durable and consistent sporting components, Jagemann™ casings, a segment of Jagemann™ Sporting Group, has become one of the largest brass manufacturers in the country, with the capacity to produce more than 300 million pieces of brass each year. Proud of its American-made components and capabilities, the Company is also privately-held with complete control over the manufacturing process. This results in a number of advantages when it comes to the brass and magazines that leave its state-of-the-art facility. For more information, please visit our website at www.jagemannsportinggroup.com.
About Jagemann Stamping
Founded in 1946 and headquartered in a state-of-the-art facility in Manitowoc, Wisconsin, Jagemann Stamping Company is a family-owned, full service stamping company recognized worldwide as a leading manufacturer of deep drawn, progressive and fine blanking metal stampings. For more information on the company, visit jagemann.com or call (888) 337-7853
About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona, and a manufacturing facility in Payson, Arizona, AMMO, Inc. designs and manufactures products for a variety of aptitudes, including law enforcement, military, hunting, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions, including its patented STREAK™ Visual Ammunition, the Jesse James line of munitions and accessories, /stelTH/ subsonic munitions, O.W.L. Technologies®, TAC-PTM Tactical Precision Defense munitions, and OPS (One Precise Shot) a lead-free frangible tactical line of munitions for self-defense. For more information please visit: www.ammo-inc.com
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