Colt Holding Company LLC announced CZG Group has successfully closed its acquisition of 100 percent of the equity interest in Colt, the parent company of the U.S. firearms manufacturer, Colt’s Manufacturing Company LLC and its Canadian subsidiary, Colt Canada Corporation.
CZG secured regulatory approvals from the U.S. and Canadian authorities to complete the deal.
CZG and Colt see the merger bringing operational, commercial and R&D synergies for the combined business, which generated proforma aggregated annual sales in excess of U.S.$570 million in 2020 and which has more than 2,000 employees in U.S., Canada, Germany, and the Czech Republic.
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Colt Announces Closing Of Acquisition By CZG – Česká zbrojovka Group SE Ammoland Inc. Posted on
Colt Anaconda Revolver
West Hartford, CT – -(AmmoLand.com)- Colt Holding Company LLC (“Colt”) announced today that CZG – Česká zbrojovka Group SE (“CZG” or “the Group”; PSE: CZG), having secured all necessary regulatory approvals from the U.S. and Canadian authorities, has successfully closed its acquisition of 100% of the equity interest in Colt, the parent company of the U.S. 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 USD 570 million in 2020 and which has more than 2,000 employees in the Czech Republic, the United States, Canada and Germany.
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