SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    CZ buying Colt
Page 1 2 3 4 
Go
New
Find
Notify
Tools
Reply
  
CZ buying Colt Login/Join 
Truth Wins
Picture of Micropterus
posted
Didn't see this posted anywhere. Please forgive if it was.

Given how Colt has been run, and how CZ is apparently run, this must be good news for Colt.

https://www.thetruthaboutguns....lks-to-acquire-colt/

quote:

BREAKING: CZ In Late Stage Talks to Acquire Colt

Translated from an article in major German newspaper, Die Welt:

…CZ is planning the complete takeover of the world-famous US company Colt – including its Canadian subsidiary. To this end, after research by WELT AM SONNTAG, a declaration of intent was signed. A spokeswoman for CZ Ceská Zbrojovka confirmed the plan in principle to the newspaper.

Since CZ Group became a public company in mid-2020, listed on the Prague Stock Exchange, we can see in the company’s own corporate filings that it’s deep in due diligence and negotiations for a potential purchase of Colt. In fact, the parties expect to wrap up the deal this month (bold text below added):

…further to our previous disclosure with respect to the Letter of Intent dated November 5, 2020 for the acquisition of 100% of the outstanding equity interest in Colt Holding Company LLC (“Colt”), CZG hereby informs that it has agreed with Colt on the extension of the exclusivity period to complete its due diligence until the end of January 2021.

The parties have reached an agreement in principle on key commercial parameters of the transaction and they continue discussing the technical parameters, regulatory review requirements, and legal terms and conditions of the transaction.

Execution of the definitive documentation for the transaction is estimated to take place by the end of January 2021, subject to completing the negotiations, finalizing the transaction documentation, and obtaining necessary approvals of the relevant stakeholders.

TTAG reached out for comment from the principals, but both parties referred us to the public filing linked and quoted above. We’ll bring you more details as we get them.


_____________
"I enter a swamp as a sacred place—a sanctum sanctorum. There is the strength—the marrow of Nature." - Henry David Thoreau
 
Posts: 4285 | Location: In The Swamp | Registered: January 03, 2010Reply With QuoteReport This Post
I'm not laughing
WITH you
Picture of Rolan_Kraps
posted Hide Post
WOW! Just when Colt was just starting to produce stuff that interested me. I wonder what they'll do with Colt?




Rolan Kraps
SASS Regulator
Gainesville, Georgia.
NRA Range Safety Officer
NRA Certified Instructor - Pistol / Personal Protection Inside the Home
 
Posts: 23583 | Location: Gainesville, GA | Registered: October 11, 2005Reply With QuoteReport This Post
Made from a
different mold
Picture of mutedblade
posted Hide Post
quote:
Originally posted by Rolan_Kraps:
WOW! Just when Colt was just starting to produce stuff that interested me. I wonder what they'll do with Colt?


Make it better Wink


___________________________
No thanks, I've already got a penguin.
 
Posts: 2878 | Location: Lake Anna, VA | Registered: May 07, 2012Reply With QuoteReport This Post
Member
posted Hide Post
What they will do with Colt is start making way better Colts. Dan Wesson’s run circles around Colt, this is good news.
 
Posts: 7540 | Location: Florida | Registered: June 18, 2005Reply With QuoteReport This Post
When you fall, I will be there to catch you -With love, the floor
posted Hide Post
quote:
I wonder what they'll do with Colt?


They couldn't do any worse that Colt did for many years.

I do wonder what it will do for any future govt. contracts.


Richard Scalzo
Epping, NH

http://www.bigeastakitarescue.net
 
Posts: 5812 | Location: Epping, NH | Registered: October 16, 2004Reply With QuoteReport This Post
Big Stack
posted Hide Post
I'm guessing they want the branding and not too much more. They're already making 1911s (Dan Wesson.) Crossbreeding between DW and the Colt 1911s is an interesting concept. I wonder if they'll keep the AR15/M16 business.
 
Posts: 21240 | Registered: November 05, 2003Reply With QuoteReport This Post
Ubique
Picture of TSE
posted Hide Post
quote:
Originally posted by BBMW:
I'm guessing they want the branding and not too much more. They're already making 1911s (Dan Wesson.) Crossbreeding between DW and the Colt 1911s is an interesting concept. I wonder if they'll keep the AR15/M16 business.

That is just about all Colt Canada does. They are definitely getting in to the AR business in a big way.


Calgary Shooting Centre
 
Posts: 1522 | Location: Alberta | Registered: July 06, 2004Reply With QuoteReport This Post
Member
posted Hide Post
quote:
Originally posted by BBMW:
I'm guessing they want the branding and not too much more. They're already making 1911s (Dan Wesson.) Crossbreeding between DW and the Colt 1911s is an interesting concept. I wonder if they'll keep the AR15/M16 business.


They WANT the government contracts. Colt has been producing some really nice stuff as of late. I have a Colt Competition that is beautifuly put together........ and they've been making some not so nice stuff, like the Pythons with all of the issues.
 
Posts: 21429 | Registered: June 12, 2005Reply With QuoteReport This Post
Big Stack
posted Hide Post
I wonder if foreign ownership will factor into the continuation of the government contracts. Then again, we've bought a shitton of stuff from FN.

quote:
Originally posted by jimmy123x:
quote:
Originally posted by BBMW:
I'm guessing they want the branding and not too much more. They're already making 1911s (Dan Wesson.) Crossbreeding between DW and the Colt 1911s is an interesting concept. I wonder if they'll keep the AR15/M16 business.


They WANT the government contracts. Colt has been producing some really nice stuff as of late. I have a Colt Competition that is beautifuly put together........ and they've been making some not so nice stuff, like the Pythons with all of the issues.
 
Posts: 21240 | Registered: November 05, 2003Reply With QuoteReport This Post
Member
Picture of iron chef
posted Hide Post
quote:
Originally posted by Rolan_Kraps:
WOW! Just when Colt was just starting to produce stuff that interested me. I wonder what they'll do with Colt?

Moving Colt HQ from Hartford, CT to Little Rock, AR would be a good start.

 
Posts: 3367 | Location: Texas | Registered: June 17, 2003Reply With QuoteReport This Post
Jack of All Trades,
Master of Nothing
Picture of 2000Z-71
posted Hide Post
Maybe replace whomever has been in charge of Colt's product planning? Somebody could write an MBA thesis on the major trends in the gun industry that Colt could've dominated but missed the mark entirely.

Cowboy Action Shooting - Pretty much handed that market to Ruger and the Italian clones.Many of us would've loved to have had a Colt, but the only thing available was limited production from the custom shop at $1,200+

AR-15 - Pretty much no innovation whatsoever when companies like Daniel Defense, Noveske and almost everyone else flourished.

Concealed Carry - When states started allowing it where was Colt? Smith & Wesson sold a shit ton of j-frames, where was the Dick Special?

1911 - Kimber, S&W, Ruger, Dan Wesson, etc. everyone makes a 1911, Colt pretty much has the same traditional offerings with hit and miss quality over the years. Don't get me wrong, I have a recent production Gold Cup Trophy and Defender that have been flawless, but that hasn't always been the case.




My daughter can deflate your daughter's soccer ball.
 
Posts: 11956 | Location: Eagle River, AK | Registered: September 12, 2006Reply With QuoteReport This Post
Member
posted Hide Post
Considering Czechia is one of the few countries trying to expand gun rights for their citizens, I am 100% on board with this.
 
Posts: 3468 | Registered: January 27, 2008Reply With QuoteReport This Post
Husband, Father, Aggie,
all around good guy!
Picture of HK Ag
posted Hide Post
To be successful they need to move to a right to work state where the unions can’t strangle and bleed out margin and hence innovation.
We need a healthy firearms industry in this country. The Colt brand like Winchester is America to most non gun owning Americans and the world.
CZ products are world class I wish them success. Move Colt to Texas is my hope, Texas still loves gun culture and rugged individualism.

HK Ag
 
Posts: 3558 | Location: Tomball, Texas | Registered: August 09, 2005Reply With QuoteReport This Post
Member
posted Hide Post
I have to disagree about Colt's quality. From what I've seen of their recent revolvers, they're pretty much overpriced and frankly, shit. I was VERY unimpressed with a Python arriving missing a screw, and the wonky sights and finish on a few of the smaller revolvers I've seen. Given a choice these days, I'd say Taurus revolvers were better made.
 
Posts: 17335 | Location: Lexington, KY | Registered: October 15, 2006Reply With QuoteReport This Post
Member
posted Hide Post
One of the details making Colt attractive is that the structure for govt contracts is already in place - brick and mortar facilities stateside.

Remember when Beretta got the contract for the M9 - one requirement was they be built here.

Smart move by CZ - everything is already here. And management has their heart/focus in the right place. Not a bunch of investors that know nothing about firearms wanting to make a buck.
 
Posts: 2168 | Location: south central Pennsylvania | Registered: November 05, 2008Reply With QuoteReport This Post
Knowing is Half the Battle
Picture of Scuba Steve Sig
posted Hide Post
Sounds good to me, I have one of the new Colt Pythons, the rear sight wiggles all over and is airsoft level rinky-dink.
 
Posts: 2628 | Location: Iowa by way of Missouri | Registered: July 18, 2002Reply With QuoteReport This Post
The Ice Cream Man
posted Hide Post
A) I'm guessing Dan Wesson 1911s and Revolvers, are about to become Colts - probably a great idea.

B) Its a bit sad to see Colt become foreign owned, but CZ has been doing great stuff, so I think they'll do a good job, if they can get out from under.

Offer to move to some small TX Hill Country town, or MT town, if they rename themselves Colt, and I'm sure it will work well.
 
Posts: 6068 | Location: Republic of Ice Cream, Low Country, SC. | Registered: May 24, 2007Reply With QuoteReport This Post
goodheart
Picture of sjtill
posted Hide Post
Now I can look forward to buying my first 1911 as a CZ/Dan Wesson/Colt.


_________________________
“Remember, remember the fifth of November!"
 
Posts: 18654 | Location: One hop from Paradise | Registered: July 27, 2004Reply With QuoteReport This Post
Member
Picture of pulicords
posted Hide Post
So nice to see that Colt is being acquired by a company that reflects the attitude of a nation that supports the right of The People to bear arms. Maybe because so many of their rights were trampled during the occupation by the Soviets?


"I'm not fluent in the language of violence, but I know enough to get around in places where it's spoken."
 
Posts: 10287 | Location: The Free State of Arizona | Registered: June 13, 2007Reply With QuoteReport This Post
Member
Picture of Browndrake
posted Hide Post
Count me in with those thinking this is definitely a good thing for Colt and firearms enthusiast in general. CZ seems to have it together. They have certainly done well with Dan Wesson. This could be pretty exciting.




Be on your guard; stand firm in the faith; be men of courage; be strong. Do everything in love.
- 1 Corinthians 16:13-14

 
Posts: 908 | Location: Southwest Michigan | Registered: March 06, 2008Reply With QuoteReport This Post
  Powered by Social Strata Page 1 2 3 4  
 

SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    CZ buying Colt

© SIGforum 2024