Stay updated with breaking news from Dennis veilleux. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Prague ― Colt CZ Group SE hereby announces that it acquired intellectual property rights for the Mk 47 automatic grenade launcher from General Dynamics Ordnance and Tactical Systems .
Founded in 1848 by inventor Samuel Colt, Colt’s Manufacturing Company is one of the oldest names in the American Firearms market, with a rich history spanning over a century. Today, Colt is still in operation under the ownership of the CZ Group. ....
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. ....
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. ....