Ammunition
Colt CZ Group buys Sellier & Bellot
The Czech group is buying Sellier & Bellot outright from CBC, adding a broad hunting and sporting ammunition portfolio to its business.
Colt CZ Group has entered into an agreement with CBC (Europe) Srl to acquire a 100 per cent stake in Sellier & Bellot.
The production portfolio of Sellier & Bellot includes a wide range of hunting and sporting ammunition or components for small arms. At the same time, it is a major supplier of ammunition to armed forces around the world. This acquisition will bring new opportunities to the Group through synergies in business, R&D and product portfolio.
“We are proud to welcome one of the world’s oldest and most important manufacturers of small-calibre ammunition, Sellier & Bellot, to the Colt CZ Group,” says Jan Drahota, President and Chairman of the Board of Directors of Colt CZ Group.
“The acquisition fits into our long-term strategy to expand not only in our core small arms segment, but also in related industries where ammunition is a natural complement to our products. We are looking forward to working with the management of Sellier & Bellot, its employees, partners and customers, as well as to the new opportunities that the merger with Sellier & Bellot will undoubtedly bring to our entire Group. We are delighted that CBC believes in our story and our strategy and will become the second largest shareholder of Colt CZ Group.”
