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Colt And CZ: A Historic Gun Merger Is Coming
19FortyFive ^ | 2/16/2021 | Peter Suciu

Posted on 02/17/2021 9:00:15 AM PST by Onthebrink

This week it was announced that Colt Manufacturing, the world-famous American gun maker that helped popularize the revolver, is being acquired by the Czech-based Česká zbrojovka Group (CZG) in a deal worth about $220 million and 1.1 million shares of the Czech firm’s stock. It will allow CZG to expand its global customer base, but also increase its production capacity in the United States and Canada.

(Excerpt) Read more at 19fortyfive.com ...


TOPICS: Business/Economy; Government; History; Politics
KEYWORDS: blogpimp; colt; gun; guns; secondamendment

1 posted on 02/17/2021 9:00:15 AM PST by Onthebrink
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To: Onthebrink

New ColtZ should be coming out soon.


2 posted on 02/17/2021 9:02:53 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Onthebrink

Colt & Remington.
Staggering how badly a company must be run to go bankrupt in the most insanely high-demand market ever.


3 posted on 02/17/2021 9:03:18 AM PST by ctdonath2 (Interesting how those so interested in workERS are so disinterested in workING.)
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To: Onthebrink

I don’t see CZG on the stock market symbols.


4 posted on 02/17/2021 9:04:57 AM PST by BipolarBob (Have you or a loved one fallen victim to Gorilla Glue as a hair product? It's not your fault! )
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To: MeneMeneTekelUpharsin

5 posted on 02/17/2021 9:05:50 AM PST by Red Badger (SLEAZIN' is the REASON for the TREASON .................................)
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To: BipolarBob
I don’t see CZG on the stock market symbols.

Not a publicly traded company.

6 posted on 02/17/2021 9:06:53 AM PST by Yo-Yo (is the /sarc tag really necessary?)
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To: Onthebrink

CZ made fine 9/18


7 posted on 02/17/2021 9:09:31 AM PST by devane617 ('It's Only Donuts Ma'am')
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To: Onthebrink
CZ should be a very good steward of Colt. CZ owns Dan Wesson, and has been building high-end Dan Wesson 1911s for decades. About ten year ago (more or less), CZ brought back the Dan Wesson Model 715 .357 revolver.

CZ could easily bring back all of the Colt snake wheel guns, and modernize Colt's R&D and manufacturing.

Colt focused so heavily on building M4s for the U.S. that they sorely neglected their commercial offerings. Now that they've lost the M4 contract, they've tried to get back into the commercial market, but so far have struggled with quality issues with their newly reintroduced Python.

8 posted on 02/17/2021 9:11:02 AM PST by Yo-Yo (is the /sarc tag really necessary?)
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To: Onthebrink

Actually that might be good. If Joe Birdbrain and Spread Eagle start shutting down gun manufacturing in the US we can always buy a Colt from CZ.


9 posted on 02/17/2021 9:12:56 AM PST by antidemoncrat
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To: Onthebrink

What concerns me is how a handful of globalist leftist oligarch marxists and commies from Soros to Bloomberg, have an apparent gun control obsession and tons of money that could buy out the firearm self defense industry and control it as their own. I’m totally in favor of taxing this group and using it to improve USA infrastructure, military, and reducing their influence.


10 posted on 02/17/2021 9:17:49 AM PST by apoliticalone (SOCIAL JUSTICE is as much about justice as PATRIOT ACT is about patriotism. It''s called spin.)
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To: Onthebrink

Our neighbors, who were motocross enthusiasts, had a CZ motorcyle back in the 60s. Apparently they are quite sought-after now.


11 posted on 02/17/2021 9:34:50 AM PST by Flash Bazbeaux
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To: Onthebrink

Sad to Colt go out of business as an independent company, but CZ may well be the very best personal firearms manufacturer in the world. I have several of their hunting shotguns and a couple of their rifles. Been looking for a CZ-97BD pistol but they rarely show up in dealer cases. All are first rate shooters, great furniture, and reasonably priced. CZ-USA will take good care of Colt.


12 posted on 02/17/2021 9:35:00 AM PST by Afterguard (Deplorable me! )
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To: Onthebrink

CZ makes a pretty quality gun in my opinion.


13 posted on 02/17/2021 9:43:26 AM PST by LumberJack53213
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To: BipolarBob
"I don’t see CZG on the stock market symbols."

Not a publicly traded company.

I lied. Looks like they got listed under CZGZF today.

14 posted on 02/17/2021 9:48:13 AM PST by Yo-Yo (is the /sarc tag really necessary?)
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To: LumberJack53213

...the CZ-75 is matchless.....one of the finest handguns ever designed and made...I have a Turkish-made Armalite AR-24 which is a CZ-75 clone....a great gun, one of the finest triggers I have ever seen.....


15 posted on 02/17/2021 9:49:52 AM PST by TokarevM57
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To: Onthebrink

CZ may very well be a fine company, but THIS SUCKS for anyone who wants or enjoys a fully independent American company/product.


16 posted on 02/17/2021 10:13:23 AM PST by Golden Eagle
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To: ctdonath2
"Staggering how badly a company must be run to go bankrupt in the most insanely high-demand market ever."

I just don't get it. I read every year gun/ammo sales are surpassed from the previous year since Obambi's days. I've owned/operated 3 small businesses since Navy days and all were profitable, and retired at an early age.

I don't have a college degree nor any business background - just commonsense and learned to interpret a Balance Sheet and a P&L statement. "Staggering" is the correct word.

17 posted on 02/17/2021 10:21:14 AM PST by A Navy Vet (No longer liberals. No longer socialists. They are going pure communist.)
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To: Yo-Yo

They’re not selling stock just yet though. I just tried.


18 posted on 02/17/2021 11:02:05 AM PST by BipolarBob (Have you or a loved one fallen victim to Gorilla Glue as a hair product? It's not your fault! )
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To: BipolarBob
I was reading that the deal for Colt included cash and newly-issued shares in CZ.

https://www.guns.com/news/2021/02/12/its-official-cz-acquires-colt

Announced on Thursday, the Česká zbrojovka Group, or CZG, will acquire a 100-percent stake in the historic Colt’s Manufacturing Company as well as its Canadian subsidiary, the Colt Canada Corporation. CZG has agreed to a cash and stock deal that includes $220 million upfront and the issue of just over 1 million shares of newly issued common stock. The combined group will have annual projected revenues of over $500 million.

19 posted on 02/17/2021 11:18:08 AM PST by Yo-Yo (is the /sarc tag really necessary?)
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