Czech company CZG has announced that, after securing all necessary regulatory approvals from the US and Canadian authorities, it has successfully closed on its acquisition of 100 per cent of the equity interest in Colt Holding Company LLC (“Colt”), the parent company of the US firearms manufacturer, Colt’s Manufacturing Company LLC as well as its Canadian subsidiary, Colt Canada Corporation.
CZG and Colt are confident that the merger will bring significant operational, commercial, and R&D synergies for the combined business, which generated pro-forma aggregated annual sales in excess of US$570M in 2020 and has more than 2,000 employees in the Czech Republic, the US, Canada and Germany.
Thanks to this acquisition, CZG gains further production capacity and positions itself to become a leading firearms manufacturer and a key partner globally for military, law enforcement and commercial customers.
Jack Richardson
