Foreign IT Company Gobbles Up Top US Ammunition Manufacturers
Aaron Spuler is a firearms enthusiast and recreational shooter. Follow more or his work at The Weapon Blog
Even in peaceful times, Americans take a healthy interest in the companies that manufacture their weapons and ammunition. In the present state of the world, that interest should only intensify.
On Monday, Vista Outdoor of Anoka, Minnesota, announced in a news release that it had sold its Sporting Products business to the Czechoslovak Group. Based in Prague, the capital of the Czech Republic, CSG operates as “a leading industrial technology holding company.”
Yahoo Finance reported that CSG’s newly acquired business includes major U.S. ammunition manufacturers Remington, Federal, CCI, Hevi-Shot and Speer.
It described CSG’s move as “the largest acquisition in the history of the Czech defense industry.”
Michal Strnad, CSG’s 30-year-old billionaire owner and CEO, expressed a determination to grow the Sporting Products business.
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Source: https://www.weapon-blog.com/2023/10/foreign-it-company-gobbles-up-top-us-ammunition-manufacturers/
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