The Czech gun manufacturer CZG has announced that it will acquire all of Colt’s business for $220 million and about 1.1 million new shares of the Czech firm’s stock.
I’m not surprised. I’ve often thought that there would be good synergy between the two companies’ engineering departments and that CZ’s management would be able to straighten out Colt’s history of chronic mismanagement.
CZ is building a factory in Arkansas. It will be interesting to see how long it will take for Connecticut’s anti-gun policies to drive Colt’s manufacturing from Hartford to Little Rock.