Posts Tagged Czechoslovak Group

Czech Group Get Approval To Buy US Ammo Brands

From Guns.com:

The Committee on Foreign Investment in the United States has given the green light to the proposed acquisition of Vista Outdoor’s varied and iconic ammunition brands to the Czechoslovak Group. 

In a release from Vista on Wednesday, the company announced it had received written notice from CFIUS that the federal regulator has concluded its review and investigation of the proposed transaction “and has determined that there are no unresolved national security concerns.” The clearance by CFIUS was the final governmental regulatory approval required for the deal to proceed. U.S. Federal Trade Commission had previously cleared the acquisition from an antitrust perspective. 

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US Ammo Plant To Be Controlled By Foreign Corporation

From Eurasia Review:

The deal would give CSG control 70% of the manufacturing capacity for ammunition primers, ownership of ammunition brands Federal,  Remington, Speer, CCI,  Hevi-Shot, and Alliant Powder, and management of the U.S. Army’s Lake City Army Ammunition Plant. The transaction was criticized by U.S. Senators J.D. Vance and John Kennedy, Representatives Mike Waltz and Clay Higgins, and the National Sheriffs Association. (CSG currently has a 70% stake in Italian munition maker Fiocchi Munizioni which is widely available in the U.S.)

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