Business
American Rebel Holdings Completes Acquisition of Champion Safe Company, Solidifying A Leading Position in Safe Industry
Acquisition Expected to Add Approximately $20 Million in Revenues to American Rebel Nashville, TN, Aug. 04, 2022 (GLOBE NEWSWIRE) -- American Rebel Holdings,
About this update from American Rebel Holdings, Inc.
[{"type":"text","content":"Acquisition Expected to Add Approximately $20 Million in Revenues to American Rebel Nashville, TN, Aug. 04, 2022 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB)(NASDAQ:AREBW) – America’s Patriotic Brand (the “Company”) today announced it has completed its acquisition of Utah-based Champion Safe Company, and its ancillary companies (collectively, “Champion”), in a transaction valued at approximately $9.9 million. Champion is a leading manufacturer of gun safes, with a well-known reputation for security, fire protection, quality of finish and workmanship. The transaction is expected to add more than $20 million in revenues to American Rebel and be accretive to net income. Andy Ross, Chief Executive Officer of American Rebel, commented, “We are delighted to complete the acquisition of Champion. We’ve added a terrific company with an amazing product line. The combined companies will be a leading player in the safe industry and American Rebel takes a large step in becoming America’s life-style brand. Champion’s solid background of orders means it will begin contributing on day one, and with Champion’s reputation in the industry, we look forward to adding more dealer accounts over time.” EF Hutton, a division of Benchmark Investments, LLC, acted as the financial advisor to the Company in connection with the acquisition. About American Rebel Holdings, Inc. American Rebel operates primarily as a designer and marketer of branded safes and personal security and self-defense products. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com. For investor information, visit www.americanrebel.com/investor-relations. Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ:AREB)(NASDAQ:AREBW) (the “Company,” \"American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words \"forecasts\" \"believe,\" \"may,\" \"estimate,\" \"continue,\" \"anticipate,\" \"intend,\" \"should,\" \"plan,\" \"could,\" \"target,\" \"potential,\"...