Bushnell Corporation Explained

Bushnell Corporation
Type:subsidiary
Foundation:California
Location City:Overland Park, Kansas[1]
Location Country:United States
Area Served:worldwide
Key People:Matt Reintjes, VP of Outdoor Products
Blake Lipham (CEO since November 2010)
Products:Binoculars, telescopes, riflescopes, flashlights, GPS devices, holographic weapon sights, sunglasses, laser rangefinders, night-vision devices, speed guns, spotting scopes, trail cameras, Travel Tunes, WeatherFX
Homepage:Bushnell.com

Bushnell Corporation is an American firm that specializes in sporting optics and outdoor products. It is based in Overland Park, Kansas and is a wholly-owned subsidiary of Vista Outdoor. Bushnell makes binoculars, telescopes, spotting scopes, riflescopes, red dot sights, GPS devices, laser rangefinders, game cameras, night-vision devices and other optical equipments.

Company history

The company was founded in 1948 by David P. Bushnell, when he returned to California from his honeymoon in Japan with two crates of binoculars and sold them by mail order.[2] Bushnell made precision binoculars affordable to middle-class Americans for the first time through a strategy of importing from manufacturers in Hong Kong, Taiwan, and Japan, who provided optics to his patented specifications.[2] Bushnell eventually expanded his business to include riflescopes and spotting scopes. In 1971, Bushnell sold his company to Bausch & Lomb. The firm renamed itself Bushnell Performance Optics. Three years later, Bushnell retired as vice-president of Bausch & Lomb.[2]

In 1999, Bausch & Lomb sold Bushnell Performance Optics to the private equity firm Wind Point Partners through a recapitalization of Bushnell's then parent company, Worldwide Sports & Recreation.[3] [4]

The Serengeti Eyewear brand was acquired by Bushnell in September 2000. Bollé, Cébé and Serengeti Eyewear were part of Vista Outdoor's acquisition of Bushnell in 2013. In July 2018, Vista Outdoor announced it had reached an agreement with a European private equity fund to sell the Bollé, Cébé and Serengeti eyewear brands.[5]

In 2002, Bushnell bought the sporting optics company Tasco. Tasco is a major international distributor of telescopes. The company's line of products mainly target amateur astronomers but has grown to include many products besides telescopes. Tasco's other products include terrestrial spotting scopes, microscopes, binoculars, and telescopic sights and other rifle accessories. Tasco sells through specialty outlets, catalogs, and online vendors.

In 2005, Bushnell acquired Michael’s of Oregon. Michael's sold holsters, scope covers, cleaning kits, and other gun accessories under the brands Hoppe’s, Butler Creek, Stoney Point, and Uncle Mike’s Law Enforcement.[6] At the time of its purchase by Bushnell, Michael's earned about $60 million per year in profit. Michael's of Oregon was based in Oregon City. The deal was closed with debt and cash.[7]

In 2007, Bushnell was acquired by MidOcean Partners, another private equity firm, which acquired it in a leveraged recapitalization.[4] The same year, Bushnell acquired the Final Approach and Kolpin Hunting brands from Facilitator Capital Funds, a Wisconsin-based private equity firm. Both brands are well known among duck hunters.[6]

On Sept. 5, 2013, Alliant Techsystems announced that it had entered into a firm agreement to acquire Bushnell. ATK paid $985 million in cash, subject to customary post-closing adjustments.[8]

After ATK merged with Orbital Sciences in 2015 to form Orbital ATK, it spun off Bushnell and other subsidiaries as Vista Outdoor, a publicly-listed company.[9]

Brands

Bushnell[10] is the parent company of these brands:

Products

Optics

Bushnell sells a wide variety of binoculars and was awarded the Best Buy award from Outdoor Life magazine in 2005 for their Browning Sports Optics binoculars and in 2006 for their Legend binoculars.[22] [23]

Under license from EOTech, Bushnell also sells Holosight, a polymer-cased non-magnifying holographic weapon sight that generates an illuminated virtual crosshair that appears to be floating in front of the gun in perfect alignment.[27] [28] [29] [30]

Bushnell introduced the AR Optics 1-4 scope in 2018. It has a 30mm tube and has an objective lens diameter of 24mm. It has caliber-specific reticles that are illuminated for use in low-light. The AR Optics 1-4 is intended for use with modern sporting rifles.[31]

Outdoor

Bushnell produces WeatherFX personal weather stations for hikers, campers, and others who can use it to keep informed of potentially hazardous weather issues while away from home.[32]

Bushnell created two GPS products in 2006 that are the first such devices to integrate aerial and satellite imagery into the display.[33] They also have integrated XM radio to provide real-time weather data and can overlay weather maps and weather radar info.[34] [35] In 2007 the Onix 400 GPS unit won the "Best of the Best" award from Field & Stream magazine.[36]

Bushnell also has a line of simple GPS devices called Backtrack. They allow users to set up to five locations (depending on the model) and forget about the device until they have to return. The device then uses a digital compass and basic GPS technology to guide users back to the set location.[37]

Bushnell sells SolarWrap and SolarBook solar-cell charging stations for small electronic devices. The SolarWrap wraps around a battery like a scroll when in storage and is unrolled when in use. The SolarBook flips out like the page of an open book.[38]

Radar guns

Bushnell Speedster radar guns are designed for athletes, coaches, trainers, etc. to track speed with an accuracy of ±1mph within a range of 1500feet.[24]

Golf rangefinders

In 2019, Bushnell released the Pro XE laser rangefinder. The Pro Xe is accurate to within one yard from a distance of 500 yards. The Pro Xe also includes an adjustment system to take into account the slope of the course; the unit even takes into account differences in air pressure due to altitude and other elements such as temperature to improve accuracy. The Pro Xe's optics offer 7x magnification. The Pro Xe is also equipped with magnets so it can be placed any metal portion of a golf cart.[39]

Magazine loaders

Bushnell released an electric magazine loader under its Butler Creek brand in 2018. The ASAP Electronic Magazine Loader automatically positions loose ammunition and feeds it into magazines. The magazine loader's hopper can accept 60 rounds at a time. Users select how many rounds they want to be loaded and the press a button to start the process of loading an attached magazine. Bushnell also offers manual magazine loaders under the Butler Creek brand.[40]

External links

Notes and References

  1. Web site: Bushnell Inc. . Bloomberg . 22 September 2020.
  2. News: David Bushnell, 92, Importer of Affordable Binoculars, Dies . Bayot . Jennifer . March 25, 2005 . New York Times . 25 September 2017.
  3. Web site: Wind Point Partners . Wppartners.com . 2013-02-27.
  4. http://marketing.bushnell.com/press/pdf/Bushnell%20Acquisition.pdf MidOcean Partners and Management Announce Acquisition Of Bushnell Outdoor Products, Inc. from Wind Point Partners
  5. Web site: Vilaboy. Martin. 2018-07-09. Vista Announces Sale of Bollé, Cébé, Serengeti Brands. 2020-10-27. Inside Outdoor Magazine. en-US.
  6. News: Windham . Rick . 24 August 2007 . Tune up time for the upcoming dove season . The North Platte Telegraph . Nebraska.
  7. News: Nathanson . Ari . 15 August 2005 . Wind Point Adds Michaels To Bushnell . BuyOuts . United States.
  8. http://atk.mediaroom.com/2013-11-04-ATK-Completes-Acquisition-of-Bushnell-Group-Holdings-Inc ATK Completes Acquisition of Bushnell Group Holdings, Inc.
  9. News: Kennedy . Patrick . You may not know Anoka company Vista Outdoor, but you know its brands . 13 December 2019 . Star Tribune . Star Tribune Media Company, LLC . 2 December 2019.
  10. Web site: Bushnell Performance Optics . https://web.archive.org/web/20010724053217/http://www.bushnellperformanceoptics.com/ . dead . 2001-07-24 . Bushnell Performance Optics . 2013-02-27 .
  11. Web site: Simmons Optics . Simmons Optics . 2013-02-27.
  12. Web site: Millett Sights . Millett Sights . 2013-02-27.
  13. Web site: Browning Sports Optics . Browning Sports Optics . 2013-02-27.
  14. Web site: Bushnell Golf . Bushnell Golf . 2013-02-27.
  15. Web site: Butler Creek . Butler Creek . 2013-02-27 . dead . https://web.archive.org/web/20130323030033/http://www.butler-creek.com/ . 2013-03-23 .
  16. Web site: Hoppe's . Hoppes.com . 2013-02-27.
  17. Web site: Stoney Point . Stoney Point . 2013-02-27 . dead . https://web.archive.org/web/20130304165605/http://www.stoneypoint.com/ . 2013-03-04 .
  18. Web site: Tasco . Tasco . 2013-02-27.
  19. Web site: Uncle Mike's . Uncle-mikes.com . 2013-02-27 . dead . https://web.archive.org/web/20130305113912/http://www.uncle-mikes.com/ . 2013-03-05 .
  20. http://www.theoutdoorwire.com/tow_release.php?ID=115603&session=###session### Bushnell Optics Recognized For Excellence, Value By Outdoor Life Magazine
  21. http://www.bushnell.com/special_offers/awd_eilte4200.cfm Elite 4200 6-24x40 Earns Editor's Choice Award From Outdoor Life Magazine
  22. "Outdoor Life 2006 Best Buy Award " at Bushnell web site
  23. http://www.theoutdoorwire.com/archives/2007-04-18 Outdoor Wire Newsletter
  24. Web site: Bushnell Takes Two OpticsPlanet Brilliance Awards. The Outdoor Wire. The Outdoor Wire Digital Network. 7 December 2017.
  25. http://www.primenewswire.com/ca/news.html?d=144671 Meade Instruments Announces Sale of Simmons Brand
  26. https://spottingpro.com/bushnell-trophy-xtreme-spotting-scope-review Bushnell Trophy Xtreme Spotting Scope
  27. http://www.bushnell.com/general/riflescopes_holosight.cfm Holosight
  28. http://www.snipercountry.com/InReviews/Bushnell_Holosight.asp The Bushnell HOLOsight: It's Not Just for Handguns Anymore!
  29. http://findarticles.com/p/articles/mi_m0BQY/is_5_46/ai_60897649 Holo Gets Smaller and Lighter for Rimfires - Bushnell HoloSight for guns
  30. http://findarticles.com/p/articles/mi_m0BTT/is_148_24/ai_64565410 Bushnell Holosight II
  31. News: Staff . SI . 40 All-New Tactical Optics for 2018 . 10 August 2018 . Shooting Illustrated . 23 July 2018.
  32. "New in equipment: WeatherFX stations " in Pittsburgh Tribune-Review, October 28, 2007
  33. Charlie Anderson, "Bushnell looks to find a place in the crowded GPS market" (December 1, 2006). Kansas City Business Journal.
  34. http://www.navigadget.com/index.php/2007/02/23/more-on-bushnell-onix-400/ More on Bushnell ONIX 400
  35. http://www.gpsreview.net/bushnell-onix-400-cr/ Bushnell ONIX 400 CR
  36. http://www.theoutdoorwire.com/tow_final.php?date=2007-8-16 Outdoor Wire Newsletter
  37. Web site: Bushnell Launches Pint-Sized Backtrack GPS Point 3 And 5. GeekyGadgets. 22 August 2010. 26 August 2010.
  38. Web site: Making the switch to solar panels . 2016-02-09 . dead . https://web.archive.org/web/20150906104137/http://xtremeidaho.com/making-the-switch-to-solar-panels/ . 2015-09-06 .
  39. News: Dusek . David . First look: Bushnell Pro XE laser rangefinder . Golfweek . 30 January 2019.
  40. News: Billings . Jacki . BUTLER CREEK INTRODUCES NEW ELECTRONIC MAG LOADERS . 21 February 2019 . Guns.com . 2 May 2018.