westernrover
Member
- Joined
- May 4, 2018
- Messages
- 1,613
It looks like Colt CZ has lost hope of the proposal they made to buy Vista Outdoor which Vista's board rejected (but the shareholders could still approve next year, though that is totally improbable). Instead, Colt CZ is buying Sellier & Bellot, makers of Magtech etc.
At $350 million, they can afford this deal, compared to the Vista deal that was valued somewhere around $2 billion that would have seen Colt CZ heavily borrowing.
So it looks like CZ is going to get into the ammo business.
I hardly buy loaded ammo (just components), so I don't have much personal experience with S&B or Magtech. The video of an S&B factory on Youtube is pretty impressive -- very advanced machinery and not what I'd expect from what I perceive as a brand characterized as cheap foreign import fodder.
Czech ammo maker Colt CZ to buy Brazilian-owned competitor
Colt CZ is expected to finalize the deal in the first half of 2024.
www.defensenews.com
At $350 million, they can afford this deal, compared to the Vista deal that was valued somewhere around $2 billion that would have seen Colt CZ heavily borrowing.
So it looks like CZ is going to get into the ammo business.
I hardly buy loaded ammo (just components), so I don't have much personal experience with S&B or Magtech. The video of an S&B factory on Youtube is pretty impressive -- very advanced machinery and not what I'd expect from what I perceive as a brand characterized as cheap foreign import fodder.