Pennsylvania Firearm Owners Association
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  1. #1
    Join Date
    Sep 2010
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    Holland, Pennsylvania
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    Default 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.

  2. #2
    Join Date
    Oct 2008
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    USN Retired, Pennsylvania
    (Monroe County)
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    Default 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

  3. #3
    Join Date
    Jan 2016
    Location
    Quakertown, Pennsylvania
    (Bucks County)
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    Default Re: Colt Poised for U.S. Comeback

    They should move to PA...

  4. #4
    Join Date
    Jan 2016
    Location
    Pittsburgh, Pennsylvania
    (Allegheny County)
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    Default Re: Colt Poised for U.S. Comeback

    Maybe they can step up production of SAA's

  5. #5
    Join Date
    Jun 2010
    Location
    SWPA, Pennsylvania
    (Allegheny County)
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    Default Re: Colt Poised for U.S. Comeback

    Gib AR lower with CZ rollmark.
    F*#K THE ATF

  6. #6
    Join Date
    Apr 2012
    Location
    North Hills, Pennsylvania
    (Allegheny County)
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    Default 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.
    "To ban guns because criminals use them is to tell the law abiding that their rights depend not on their own conduct but, on the conduct of the guilty and the lawless."
    - Lysander Spooner

  7. #7
    Join Date
    Jun 2014
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    Middle of PA, Pennsylvania
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    Default Re: Colt Poised for U.S. Comeback

    Quote Originally Posted by Pag23 View Post
    They should move to PA...
    Yes because we have such a 2A-friendly Governor and AG.
    Galations 6:9...And let us not grow weary of doing good, for in due season we will reap, if we do not give up.
    Ashli Babbitt - Patriot

  8. #8
    Join Date
    Feb 2010
    Location
    Levittown, Pennsylvania
    (Bucks County)
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    Default 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 only two kinds of guns. Those I have and those I want.

  9. #9
    Join Date
    Nov 2007
    Location
    Belly of the BEAST, Pennsylvania
    (Montgomery County)
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    Default Re: Colt Poised for U.S. Comeback

    Always had a warm spot for CZ's.

    This could be a thing of beauty...

  10. #10
    Join Date
    Jan 2016
    Location
    Quakertown, Pennsylvania
    (Bucks County)
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    Default Re: Colt Poised for U.S. Comeback

    Quote Originally Posted by alpacaheat View Post
    Yes because we have such a 2A-friendly Governor and AG.
    F those two....there is still skilled labor in PA

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