Czech firearms company Ceska Zbrojovka Group (CZG) has bought Colt, which has been manufacturing firearms since the early 19th century, for $220 million in cash and stock. ...

Who bought out Colt firearms?

Czech firearms company Ceska Zbrojovka has signed a deal to acquire Colt, the American gun maker that helped develop revolvers in the 19th century and has since supplied the armed forces in the U.S. and other countries. Feb. 12, 2021, at 6:38 a.m.

Did Colt get bought?

PRAGUE, Sept 13 (Reuters) - For Czech gun maker CZG-Ceska Zbrojovka Group (CZG.PR), its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name.