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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. ....
Czech Firm Ceska Zbrojovka Acquires U.S. Small Arms Maker ‘Colt’ Our Bureau 5456 Colt M4 rifle Czech firearms manufacturer, CZG – Česká zbrojovka Group SE has announced the acquisition U.S. based small arms firm, Colt Holding Company LLC (“Colt”), as well as its Canadian subsidiary, Colt Canada Corporation. CZG shall acquire a 100% stake in Colt for upfront cash consideration of $220 million and the issuance of 1,098,620 shares of newly issued CZG common stock. The agreement also provides for potential earnout consideration of up to 1,098,620 shares of newly issued CZG common stock if defined EBITDA thresholds are achieved in years 2021 - 2023. “ The combined group will have revenues in excess of USD 500 million and presents a real small arms powerhouse,” Lubomír Kovařík, President and Chairman of CZG, said. ....