07:49 AM EDT, 07/10/2024 (MT Newswires) -- Vista Outdoor's ( VSTO ) Revelyst unit said Wednesday that it has sold Fiber Energy Products, a wood pellet manufacturer, to Lignetics.

Financial terms of the transaction were not disclosed.

The company said the sale is part of its strategy to adjust its portfolio, concentrating on its top brands and most profitable areas for future expansion.

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