Vista Outdoor Testifies Before Congress on Slate of Recreation Bills
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Tuesday, March 28, 2023
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ANOKA, Minn., March 28, 2023 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, announced that Fred C. Ferguson, Vice President, Public Affairs and Communications, Vista Outdoor, on Tuesday, March 28, delivered remarks before United States House of Representatives Subcommittee on Federal Lands, asking leadership in Washington to pass several ground-breaking recreation bills.
Key Points:
- "Much of our business success, combined with bipartisan outdoor policy wins led by this Subcommittee, has contributed to the growth of the outdoor recreation economy," Ferguson said in his prepared remarks before the Subcommittee.
- "Vista Outdoor and the Outdoor Recreation Roundtable support each of the bills under consideration today.
- On May 5, 2022, Vista Outdoor announced that the company plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.
- The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.