Crosman Announces Acquisition of The Commercial Business of LaserMax
Crosman announced today that the company had acquired the commercial business of LaserMax, Inc. A statement released by Crosman says that this acquisition expands Crosman’s presence in the outdoor recreation market with a complimentary, premium brand.
LaserMax was founded in 1989 and has grown to become a major player in hardened and miniaturized laser systems. The company’s products include a comprehensive line of laser sights for home defense, personal protection and training use.
LaserMax is also said to have developed significant intellectual property in laser technology, resulting in a comprehensive IP portfolio.
The commercial business of Lasermax provides laser sighting systems and tactical lights to the firearm OEM and retail channels.
“Lasermax is well-known for its innovative laser products in the shooting sports accessory market,” commented Robert Beckwith, the CEO of Crosman.
“The cross-selling synergies with Crosman’s airgun and archery products are clear and highly attractive.” He continued. “We are excited to be able to strengthen our product line for outdoor enthusiasts by adding this iconic brand to the Crosman portfolio.”