mauserme Posted February 12, 2021 at 11:16 PM Share Posted February 12, 2021 at 11:16 PM https://ktar.com/story/4017730/us-gun-maker-colt-bought-by-czech-company/ US gun maker Colt bought by Czech company BY ASSOCIATED PRESS | FEBRUARY 12, 2021 AT 4:38 AM UPDATED: FEBRUARY 12, 2021 AT 5:47 AM UPDATED: FEBRUARY 12, 2021 AT 5:47 AM PRAGUE (AP) — Czech firearms company Ceska Zbrojovka has signed a deal to acquire Colt, the American gun maker that helped develop revolvers in the 19th century and has since supplied the armed forces in the U.S. and other countries. Ceska Zbrojovka Group SE said Friday that it has purchased all the shares in Colt Holding Company LLC, the parent company of Colt’s Manufacturing Company LLC and its Canadian subsidiary, Colt Canada Corp. The deal is worth $220 million and 1,098,620 newly issued shares in Ceska Zbrojovk and is subject to approval by regulators. The Czech company said it expected the transaction to be completed in the second quarter of 2021. ... Link to comment Share on other sites More sharing options...
Euler Posted February 12, 2021 at 11:18 PM Share Posted February 12, 2021 at 11:18 PM IN? Link to comment Share on other sites More sharing options...
Rmac702 Posted February 12, 2021 at 11:31 PM Share Posted February 12, 2021 at 11:31 PM CZ has made quality handguns for decades, and the Colt acquisition will enhance both companies IMO. Link to comment Share on other sites More sharing options...
mauserme Posted February 12, 2021 at 11:33 PM Author Share Posted February 12, 2021 at 11:33 PM CZ has made quality handguns for decades, and the Colt acquisition will enhance both companies IMO. I agree. I'm not aware of CZ having any revolvers in their line up so this seems like a natural acquisition. Link to comment Share on other sites More sharing options...
Rmac702 Posted February 12, 2021 at 11:43 PM Share Posted February 12, 2021 at 11:43 PM CZ has made quality handguns for decades, and the Colt acquisition will enhance both companies IMO.I agree. I'm not aware of CZ having any revolvers in their line up so this seems like a natural acquisition. CZ owns Dan Wesson, and they have some revolver models. Link to comment Share on other sites More sharing options...
2A4Cook Posted February 13, 2021 at 01:59 AM Share Posted February 13, 2021 at 01:59 AM What is CZ looking for? To expand military contracts to rifles? I don't see the fit. Link to comment Share on other sites More sharing options...
Euler Posted February 13, 2021 at 03:18 AM Share Posted February 13, 2021 at 03:18 AM What is CZ looking for? ... To expand market share by purchasing a competitor's compatible intellectual property and manufacturing. Link to comment Share on other sites More sharing options...
2A4Cook Posted February 13, 2021 at 03:42 AM Share Posted February 13, 2021 at 03:42 AM What is CZ looking for? ...To expand market share by purchasing a competitor's compatible intellectual property and manufacturing. The only real place the two compete is Colt with Dan Wesson in the 1911 market, and to a very limited degree in the revolver market. The type of "competitor" you're referring to would be Sig Sauer. I doubt they look at the firearms market as an "overall" for share; they are looking to their segments, which is why I thought "maybe" Colt's AR production and patents, expanding into a new segment and perhaps gaining an edge for government rifle contracts as they have for service pistols. Link to comment Share on other sites More sharing options...
NakPPI Posted February 13, 2021 at 03:21 PM Share Posted February 13, 2021 at 03:21 PM I think it's pretty clear that CZ wanted Colts manufacturing facilities more than anything else. Link to comment Share on other sites More sharing options...
Flynn Posted February 15, 2021 at 03:24 AM Share Posted February 15, 2021 at 03:24 AM (edited) What is CZ looking for? To expand military contracts to rifles? I don't see the fit. I'm guessing Colt's Patent library played a big part, as well as their US manufacturing presense that can almost certainly help with government contracts worldwide. Also no need to deal with importation drama when you have the facilities to manufacture your product domestically inside the US. Edited February 15, 2021 at 03:25 AM by Flynn Link to comment Share on other sites More sharing options...
InterestedBystander Posted February 15, 2021 at 04:17 AM Share Posted February 15, 2021 at 04:17 AM If Python inventory goes up and prices go down, then I could live with that... Link to comment Share on other sites More sharing options...
somezero Posted March 2, 2021 at 04:51 PM Share Posted March 2, 2021 at 04:51 PM What is CZ looking for? To expand military contracts to rifles? I don't see the fit. I'm guessing Colt's Patent library played a big part, as well as their US manufacturing presense that can almost certainly help with government contracts worldwide. Also no need to deal with importation drama when you have the facilities to manufacture your product domestically inside the US. I do a lot of logistics work for the government and even a minor assembly process taking place in the USA will open up a lot more contract work opportunities for CZ. Link to comment Share on other sites More sharing options...
noreaster Posted March 8, 2021 at 12:55 PM Share Posted March 8, 2021 at 12:55 PM As others have mentioned, it gives them a domestic footprint. Patents expire after 17 years I think so unless they have recent, meaningful patents, other reasons are more likely. Link to comment Share on other sites More sharing options...
RandyP Posted March 8, 2021 at 03:16 PM Share Posted March 8, 2021 at 03:16 PM I reckon if Jaguar auto is now owned by Tata in Mumbai, India and I STILL would love to be able to own one, Colt being owned CZ in Uhersky Brod isn't much of a big deal? And I DO still really like my CZ75 SP-01 Tactical. Best shooting 9mm I own. Link to comment Share on other sites More sharing options...
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