Czech gunmaker takes over iconic 175-year-old Colt as US sales boom
Ceska Zbrojovka’s revenue in the first half of 2020 jumped 57% from a year earlier as social unrest in the US boosted demand for guns
15 February 2021 - 21:23
Czech firearms producer Ceska Zbrojovka Group (CZG) said on Monday the acquisition of rival Colt will boost its production capacity in the growing North American market.
After agreeing last week to take over the iconic 175-year-old manufacturer, CZG expects the combined revenue to double to $1.2bn a year by 2025, CFO Jan Drahota told reporters on Monday. The deal will help the Prague-traded company win public contracts in the US and Canada, on top of its already booming sales to civilian customers...
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