Stars and Stripes stripes.com 12 Jan, 2021 22:45 am

Czech firearms company in negotiations to buy Colt, an American legend

Czech firearms company in negotiations to buy Colt, an American legend
Gun manufacturer Colt, an American legend and Connecticut fixture for nearly 175 years, could come under European ownership in a deal being negotiated with a Czech firearms company.

Czech firearms company in negotiations to buy Colt, an American legend A Czech firearms manufacturer is negotiating to buy Colt Holding Co.Ceská zbrojovka Group SE, or CZG, which is negotiating to purchase Colt Holding Co.A transaction for 100% of the outstanding equity interest in Colt Holding Co.In this 2013 file photo, Sergio Pereira adds a completed Colt rifle to a rack of newly assembled guns at the company headquarters in West Hartford, Conn.

, said it has reached agreement on the outlines of a deal with the West Hartford gun manufacturer.Colt Defense, with its headquarters and factory in West Hartford, is the operating company formed by the 2013 merger of Colt Defense LLC and Colt’s Manufacturing Co.

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