CZ Purchases Colt, Plus Other Gun Industry News
Czech firearms company Ceska Zbrojovka has signed a deal to acquire Colt, the American gun maker.... The deal is worth $220 million…and is subject to approval by regulators. The Czech company said it expected the transaction to be completed in the second quarter of 2021. “With this strategic move, CZG will acquire significant production capacity in the United States and Canada and substantially expand its global customer base,” the Czech company said. As a side note, CZ-USA is the new firearms sponsor of BIG DEER TV for 2021 and I am excited about it. My first year of hunting deer with CZ rifles, which are renowned for dependability and top accuracy at a price deer hunters can afford, was wildly successful. [...]