Czech Gunmaker Buys 175-Year-Old Icon Colt in Bet on U.S. Boom

February 15, 2021 0 By boss

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CZG, which was founded in 1936 and bought American producer Dan Wesson Firearms in 2005, plans to issue bonds and new shares to help fund the new investment. As a result of the Colt deal, it has postponed the construction of its own factory in Arkansas, previously scheduled to start in 2021, by three to five years.

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