The Wall Street Journal is reporting that the proposed $1.91 billion sale of Minnesota-based Vista Outdoor’s ammunition business to Czech company Czechoslovak Group (CSG) has sparked national-security concerns among U.S. lawmakers. Vista is the owner of multiple ammunition companies such as Federal, Remington and CCI and highlights worries about allowing foreign control in a critical industry during global arms shortages.
Former Secretary of State Mike Pompeo and Senator J.D. Vance (R., Ohio) have urged the Treasury Department to block the sale, citing alleged ties between CSG and China and Russia.