Group Acquires Crosman Products: An investor group...
From Times Staff and Wire Reports
Group Acquires Crosman Products: An investor group led by Hicks, Muse & Co. of Dallas announced a definitive agreement to acquire Crosman Products Inc., a leading maker of BB guns and air pistols, for $41 million in cash from Coleman Co. Others in the group are Wand Investments L.P. and Crosman’s management. Coleman is a subsidiary of MacAndrews & Forbes Holdings Inc. Crosman, which controls 44% of the market for air guns, will continue to operate from its facilities in East Bloomfield, N.Y.
