Savage Sports Corporation, the company that manufactures Savage firearms and includes the plant in Lakefield, Ontario that manufactures the company's rimfire firearms, is being sold.

The purchaser is ATK, a company specializing in aerospace, defence and commercial products. ATK is based in Arlington, Virgina.

The Savage brand will add to the ATK's Sporting Group of products, which includes several brands familiar to hunters and sport shooters, such as Federal Premium, CCI, Fusion, Speer, Estate Cartridge, and Blazer. ATK's accessories brands include BLackhawk, Alliant Power, RCBS, Champion, Gunslick Pro, Outers and Weaver.