Pro-Shot™, a worldwide industry leader in American-made firearms maintenance, cleaning, and shooting targets has announced the acquisition of LockOn® Target from its founder, Tom Ervin.
The Fiocchi Group, a manufacturer of small-caliber ammunition, which is majority-owned by the industrial-technology group CSG, has a new CEO. David Štěpán, CSG's Investment Director for Foreign Projects, who temporarily managed the Fiocchi Group in the first year after the acquisition, is being replaced by Paolo Salvato.
Vista Outdoor Inc. (NYSE: VSTO) announces that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected what it descibes as "the unsolicited proposal" received on November 22, 2023 from Colt CZ Group SE (“Colt CZ”) to combine Colt CZ and Vista Outdoor (the “Colt CZ Proposal”).
French manufacturer, Verney-Carron, the oldest arms manufacturer in the country and a subsidiary of Cybergun Group, has signed a framework contract with the Ukrainian state-owned company Ukrspecexport for a record amount of €36 million.
IWA has announced that the future of the German Pavilion at SHOT Show in Las Vegas, US, is secure despite German ministry fund withdrawal. For 2024 the area has been rebranded as the IWA Pavilion, attracting interest from outside of Germany.
The U.S. Department of Commerce has temporarily suspended the issuing of new export licences. The halt in export licenses will take place for around 90 days.
C&H Precision, a renowned provider of firearm accessories and precision machining services, has announced its strategic acquisition of Paragon Weapon Light Cleaner, a distinguished manufacturer of premium firearm maintenance products based in Florida.
Viking Arms Ltd, a long-standing distributor in the UK for EOTECH, has revealed the award for a seven-year contract framework by the Dismounted Close Combat team, part of the UK Ministry of Defence (MoD), for the Procurement and Support of up to a total fleet requirement of 12,000 SWESS Light Battle Systems, subject to financial approval.
NIOA in conjunction with Rheinmetall NIOA Munitions has begun ammunition production for the Army’s next-generation armoured Boxer vehicle, marking a significant milestone for munitions manufacturing in Australia.
The Czechoslovak Group (“CSG”) has announced that it has entered into a definitive agreement to acquire Vista Outdoor’s Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.
