MANITOWOC, Wis. – Jagemann™ Sporting Group, a division of Jagemann™ Stamping Company, a privately- held U.S. manufacturer of premium brass casings for rifles and handguns, polymer magazines and other gun components, today announced the strategic acquisition of its Casings division (“Jagemann™ Casings”) by Ammo, Inc. creating, Jagemann™ Munition Components.
This venture strategically leverages Jagemann’s large rifle brass commitment and offers an additional channel for production. Ammo Inc. pursued this acquisition to ensure a consistent, reliable and quality supply of brass for its military and contract lines. Ammo Inc. has full ownership while Jagemann™ manages the brass operations. CEO Tom Jagemann™ and President Ralph Hardt and with their operating team will continue to manage operations. The operations will remain in Manitowoc, Wisconsin. This transaction does not affect Jagemann™ Stamping Company’s operations in any way.
Tom Jagemann™, CEO and Chairman of Jagemann™ Stamping commented, ““The Casings division has been a successful operation for the Jagemann™ organization, generating both significant revenue and cash flow for the business.” He continued, ““We fully expect this growth trend to continue and believe then when coupled with the product line developed by AMMO, Inc. the newly formed partnership will expand its footprint across the targeted sales channels,” continued Jagemann. Mr. Jagemann™ has been appointed as a Director on AMMO, Inc.’s Board in conjunction with the closing of the transaction.
“The acquisition of Jagemann’s ammunition casings manufacturing facility and expertise provides AMMO, Inc. with the necessary alignment of our supply chain to ensure we can more effectively compete in the future as we embark on our growth strategies. We are excited to welcome the Jagemann™ team to the AMMO, Inc. family and look forward to growing together”, stated Fred Wagenhals, CEO of AMMO, Inc.
About Jagemann™ Sporting Group
AdivisionofJagemannTMStampingCompany,wasfoundedin1946inManitowoc,Wisconsin. JagemannTM Sporting Group is backed by decades of manufacturing experience that allows the production of high- quality pistol brass, rifle brass, and automotive-grade pistol magazines for professional shooters everywhere.
Borne from the automotive industry and refined over time to deliver durable and consistent sporting components, JagemannTM casings, a segment of JagemannTM Sporting Group, has become one of the largest brass manufacturers in the country, with the capacity to produce more than 300 million pieces of brass each year. Proud of its American-made components and capabilities, the Company is also privately- held with complete control over the manufacturing process. This results in a number of advantages when it comes to the brass and magazines that leave its state-of-the-art facility. For more information, please visit our website at www.jagemannsportinggroup.com.
About Jagemann™ Stamping
Founded in 1946 and headquartered in a state-of-the-art facility in Manitowoc, Wisconsin, Jagemann™ Stamping Company is a family-owned, full service stamping company recognized worldwide as a leading manufacturer of deep drawn, progressive and fine blanking metal stampings. For more information on the company, visit jagemann.com or call (888) 337-7853