"Iconic Connecticut gun maker Colt sold to Czech company" Topic
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| Tango01 | 15 Feb 2021 4:40 p.m. PST |
"A Czech gun maker announced an agreement to acquire the parent company of Colts Manufacturing, the iconic brand based in West Hartford whose revolver "won the West" in American lore. Česká Zbrojovka Group SE indicated plans to pay $220 USD million in cash and 1.1 million shares of its stock for Colt Holding Company LLC, with possible additional shares depending on Colt's future profitability. The combined company would have $500 USD million in annual revenue and "presents a real small arms powerhouse," in the words of CZG's chairman Lubomír Kovařík in a company press release…"
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pzivh43  | 16 Feb 2021 6:26 a.m. PST |
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| 79thPA | 16 Feb 2021 10:24 a.m. PST |
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| 79thPA | 16 Feb 2021 10:25 a.m. PST |
I assume that these will still be manufactured in the US. |
| Tgerritsen | 16 Feb 2021 10:46 a.m. PST |
Sorry to hear, but CZ is a great manufacturer, so maybe they will restore the highest quality to the Colt brand? |
| 79thPA | 17 Feb 2021 9:29 a.m. PST |
It will be interesting to see what happens. CZ is certainly a quality manufacturer. |
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