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STL public company inks deal for Arizona ammo business

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Clayton-based Olin Corp. (NYSE: OLN), which manufactures and distributes chemicals and ammunition, has inked an acquisition.

The company agreed to purchase the small-caliber ammunition manufacturing assets of Scottsdale, Arizona-based ammunition maker AMMO Inc. (Nasdaq: POWW) for $75 million.

The acquisition also includes a production facility in Manitowoc, Wisconsin.

Read more from the St. Louis Business Journal.

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