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Ammo Buys Jagemann Sporting Group WI Casing Division

Monday, March 25, 2019
 
Ammunitions manufacturer Ammo, Inc., announced that it has closed on the purchase of Jagemann Sporting Group’s Wisconsin Casings division. Located in Manitowoc WI, the Casings division was a subsidiary of Jagemann Stamping, which serves the automotive industry. In 2011, Jagemann leveraged its stamping expertise to build a new ammunition-casing business with a portfolio of 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,” says Tom Jagemann, CEO and chairman of 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, to remain in Manitowoc, will continue to be led by its current general manager and established manufacturing team, who will manage the business under the direction of Ammo. Jagemann Stamping will focus on its core business as a manufacturer of deep drawn, progressive and fineblanking metal stampings. Tom Jagemann has been appointed as a director on Ammo’s board in conjunction with the transaction’s closing.
“The acquisition of Jagemann’s ammunition casings manufacturing facility and expertise reflects the natural evolution of our business as a fully integrated manufacturer,” says Fred Wagenhals, Ammo CEO. “Jagemann provides Ammo, Inc. with the necessary alignment of our supply chain to ensure that we can more effectively compete in the future as we embark on our growth strategies in both our Commercial and Global Tactical Defense divisions.” 

 

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