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BHA Survive


Digital Daily Gun News Website

BREAKING :
REMINGTON IS THE OLDEST FIREARMS COMPANY IN AMERICA. SPEAKING FOR MYSELF, I WOULD LOVE TO SEE IT SURVIVE. DURING THE BREAKUP OF REMINGTON, THE AMMUNITION SIDE OF THE COMPANY WAS BOUGHT BY VISTA, THE COMPANY THAT OWNS FEDERAL AMMUNITION, AND FROM WHAT I CAN TELL REMINGTON AMMUNITION (KNOWN AS “BIG GREEN”) WILL SOON BE CRANKING OUT AMMO IN THE GREEN BOX. WORD ON THE STREET IS THAT THE FEDERAL PEOPLE MEAN BUSINESS AND REMINGTON WILL BE MAKING AMMO UNDER ITS OWN NAME.BIG GREEN IS IN BANKRUPTCY, AGAIN… AND EVIDENTLY THE ASSETS OF REMINGTON PROPER HAVE BEEN SECURED BY A COMPANY TITLED RICHMOND ITALIA. LITTLE ELSE IS KNOWN OF THEM EXCEPT THEIR STATED COMMENTS TO KEEP REMINGTON VIABLE AT SOME LEVEL. “SOME LEVEL?” IN 2017 THE ILION, NEW YORK PLANT EMPLOYED SOME 700 PERSONNEL WITH 200 MAKING THE MARLIN LINEUP. STURM, RUGER, & CO BOUGHT THE MARLIN LINE AND HOPEFULLY WILL BE PRODUCING IT SOMEWHERE.GUN CONTROL ADVOCATES ARE ONCE AGAIN PUSHING THE ENTERTAINMENT INDUSTRY TO PRODUCE ANTI-GUN PROPAGANDA WITH THE EXPLICIT GOAL OF ADVANCING FAILED FIREARM LEGISLATION. THE RENEWED OVERT EFFORT WILL STRIKE SOME AS SUPERFLUOUS, GIVEN HOLLYWOOD’S LENGTHY TRACK RECORD OF ANTI-GUN AGITPROP AND LEFT-WING POLITICAL MONOCULTURE.2020 WAS A BIG YEAR FOR GUN SHOPS ACROSS THE NATION. NEARLY 5 MILLION AMERICANS BOUGHT A FIREARM FOR THE FIRST TIME IN 2020, ACCORDING TO THE NATIONAL SHOOTING SPORTS FOUNDATION. THREE WEEKS INTO THE NEW YEAR, THERE ARE NO SIGNS OF STOPPING — AND SOME LOCAL GUN OWNERS HAVE NOTICED IT’S HARDER TO GET THEIR HANDS ON AMMUNITION. ACCORDING TO A SURVEY TAKEN BY NSSF, AT VARIOUS GUN STORES, 40% OF SALES IN 2020 WERE TO PEOPLE WHO HAVE NEVER PREVIOUSLY OWNED A GUN.INTRODUCING THE NEW CHALLENGER FOR SUB-COMPACT FROM THE KING OF CONCEALED CARRY. THE DVG-1 PISTOL SERIES IS A STRIKER FIRED, 9MM SUB-COMPACT AVAILABLE WITH EITHER FIXED IRON SIGHTS OR FACTORY INSTALLED CTS-1500 RED DOT SIGHT.

INT’L – INDUSTRY INSIDER – Czech firearms company in negotiations to buy Colt, an American legend and Connecticut fixture for nearly 175 years 

Gun manufacturer Colt, an American legend and Connecticut fixture for nearly 175 years, could come under European ownership in a deal being negotiated with a Czech firearms company.

?eská zbrojovka Group SE, or CZG, which is negotiating to purchase Colt Holding Co., said it has reached agreement on the outlines of a deal with the West Hartford gun manufacturer. A transaction for 100% of the outstanding equity interest in Colt Holding Co. is not certain, it said. The two companies have agreed to extend to the end of January the review required for due diligence and could approve a deal by then, CZG said. Terms were not disclosed. The two sides have reached agreement in principle on “key commercial parameters” and continue discussing other issues such as regulatory review requirements and legal terms and conditions, CZG said. CZG cautioned that despite “significant progress in the negotiations, no assurances can be made that the transaction will be consummated.” CZG, based in Prague, is a manufacturer of firearms for military and law enforcement, personal defense, hunting, sport shooting and other civilian use. Colt Defense filed for bankruptcy protection in June 2015 after failing to renegotiate payments to the owners of $250 million in unsecured bonds. Colt Defense, with its headquarters and factory in West Hartford, is the operating company formed by the 2013 merger of Colt Defense LLC and Colt’s Manufacturing Co., which made and marketed non-military guns. t exited bankruptcy in January 2016 after working out a compromise with bondholders. Colt received a $10 million loan from the state in April 2017 tied to keeping 615 jobs. The manufacturer of guns sold to the military, police and civilian customers has designed and made firearms in Connecticut since 1847. CZG operates production facilities in the Czech Republic and in Kansas City, Kan., and a subsidiary in Norwich, N.Y. It employs about 1,650 people in the Czech Republic, the U.S. and Germany.  [full article]

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