07:30 AM EST, 01/21/2025 (MT Newswires) -- Olin (OLN) said Tuesday it plans to acquire AMMO's (POWW) small-caliber ammunition manufacturing assets for $75 million.

The company said the assets, which include AMMO's brass shellcase capabilities and a 185,000-square-foot production facility in Manitowoc, Wisconsin, will be integrated into its Winchester Ammunition business.

The deal, expected to close Q2, will be funded through available liquidity.

The US ammunition manufacturer said the acquisition is expected to generate synergies of $40 million.

Shares of Olin rose more than 1% pre-bell, as did AMMO.

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