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Thread: Colt Poised for U.S. Comeback
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September 20th, 2021, 03:12 PM #1Senior Member
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Colt Poised for U.S. Comeback
https://www.ien.com/video/video/2173...or-us-comeback
Life after death following the gun maker's $222 million sale.
Sep 20th, 2021
n May, a gun maker in the Czech Republic bought Colt Holding Company for $222 million.
The company, Ceska Zbrojovka Group, hopes the acquisition and the Colt brand name will provide a better position in the firearms market around the world — and even contend for some U.S. military contracts.
CZG not only bought the Colt name; the deal came with factories in the U.S. and Canada. Until recently, the company’s production primarily operated in the Czech Republic. However, this new North American footprint satisfies the U.S. military's "Buy America" requirement, and CZG believes it could lead to big business.
According to a new report from Reuters, CZG hopes to more than double the combined companies' size in just a few years, which would put it in the same league as Smith & Wesson, which had $1.1 billion in sales last year. The other leader in firearms, Sturm, Ruger & Company, did about $569 million in sales in 2020.
Colt has been around for some 175 years and is not only a supplier to the U.S. military, but the exclusive supplier to the Canadian military. Colt had been a key U.S. military supplier until 2013, when it lost the contract to supply the M4 carbine over reliability problems. The M4 is the successor to the M16, but soldiers said the M4 would malfunction and jam in dusty environments.
Before the acquisition, about 66% of CZG’s sales came from the U.S., primarily in deals with local law enforcement and private citizens. To increase sales, CZG plans to introduce and produce new non-Colt products in the U.S. and upgrade the primary Colt factory in West Hartford, Connecticut.
The company now has some 2,000 employees in Canada, the Czech Republic, Germany and the U.S.
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September 20th, 2021, 04:09 PM #2
Re: Colt Poised for U.S. Comeback
woo "no MSRP is too high" Colt is back.
Owner Trigger Time LLc 01 FFL/NFA Saylorsburg, PA. Sales/Service/Transfers/Training
NRA CRSO/Pistol/Rifle/Shotgun inst. BSA Rifle/Shotgun Merit badge counselor. US Navy Marksmanship Team Staff
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September 20th, 2021, 09:15 PM #3Grand Member
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Re: Colt Poised for U.S. Comeback
They should move to PA...
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September 21st, 2021, 05:46 AM #4Grand Member
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Re: Colt Poised for U.S. Comeback
Maybe they can step up production of SAA's
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September 21st, 2021, 07:11 AM #5
Re: Colt Poised for U.S. Comeback
Gib AR lower with CZ rollmark.
F*#K THE ATF
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September 21st, 2021, 07:22 AM #6
Re: Colt Poised for U.S. Comeback
CZG also owns CZ USA and Dan Wesson. I own Dan Wesson V-Bob. High quality, well-made, great shooting 1911. I own and shoot a couple Colt 1911. If CZG can bring the Colt quality up to Dan Wesson levels, we may have a winner. (FWIW, not denigrating the older Colt's but Dan Wesson materials and finish is better). I don't shoot CZ-75 or other CZ pistols but people whose opinions I respect shoot them and have good things to say about the quality. Same with CZ shotguns.
Let me help you out. Which way did you come in?
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September 21st, 2021, 09:56 AM #7
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September 21st, 2021, 12:47 PM #8
Re: Colt Poised for U.S. Comeback
Guess it ain't much different than John Moses Browning hooking up with FN in Belgium way back in the day. Hope the customer service and cooperation with gunsmiths is better.
There are two kinds of guns. Those I have acquired, and those I hope to.
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September 21st, 2021, 06:01 PM #9
Re: Colt Poised for U.S. Comeback
Always had a warm spot for CZ's.
This could be a thing of beauty...
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September 21st, 2021, 08:02 PM #10Grand Member
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