While Vista Outdoor is undergoing a sale process of their own, they’re also divesting assets in their Revelyst umbrella to focus on their “Power Brands”. Vista purchased Fiber Energy Products (FEP), a wood pellet manufacturer, during the pandemic to supply BBQ pellets for Camp Chef. Less than three years later, they’re selling that business to Lignetics.
Lignetics is the right partner at the right time for Fiber Energy. “Lignetics’ ownership of Fiber Energy will provide the resources and scale that will enable Fiber Energy to reach its full potential, while the sale generates cash for Revelyst that can be reinvested in our power brands and product innovation in support of our GEAR Up growth initiative.