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-Land of the Free
Colt sold to Czech film
2021-02-13
A Czech firearms company has reached a deal to buy Colt, the iconic American gunmaker that helped popularize the revolver.

Česká zbrojovka Group said it will acquire all of Colt’s business for $220 million and about 1.1 million new shares of the Czech firm’s stock.

The deal announced Thursday will help Česká zbrojovka, also known as CZG, expand its global customer base as well as its production capacity in the US and Canada, the company says.

More at the link
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