CSG reaffirms commitment to successfully completing $2.15B Kinetic acquisition

Czechoslovak Group, or “CSG,” a global industrial holding company, which recently increased its offer for Vista Outdoor’s The Kinetic Group to $2.15B, today reaffirmed its “strong commitment” to successfully completing the acquisition. CSG believes its fully financed bid maximizes the value that will be received by Vista Outdoor shareholders, and that the transaction can be completed in early August. “CSG’s acquisition of The Kinetic Group is the optimal outcome for Vista Outdoor shareholders, employees of the company and the American economy. CSG is a highly experienced and globally respected industrial company and upon successful completion of the acquisition, we intend to fully integrate The Kinetic Group, build those businesses, serve all of the company’s customers with the highest level of professionalism and trust, and add jobs in the United States. Once shareholder approval is secured, we stand ready to quickly close the transaction and begin to chart the future of the The Kinetic Group as part of CSG,” said Michal Strnad, Chief Executive Officer and the owner of CSG.