EnglishAnglais AR2008-Z132-02 19 April 2008 Kandahar, Afghanistan Lieutenant Doug Russell, Kandahar Provincial Reconstruction Team (KPRT), on a foot patrol with his platoon. Russel's goal was to speak with Kandahar city residents about their needs and living conditions. The KPRT consists of Canadian Forces members, a civilian police contingent led by the RCMP, Correctional Services Canada, representatives of the Department of Foreign Affairs and International Trade and the Canadian International Development Agency. The KPRT conducts coordinated interdepartmental operations to promote good governance, assists the Government of Afghanistan in extending its authority in the province of Kandahar, and facilitates the development of a stable, secure and self-sustaining environment for the people of Afghanistan. Joint Task Force Afghanistan (JTF-Afg) is Canadas military contribution to Afghanistan. Canadian operations will focus on working with Afghan authorities to improve security, governance and economic development in the country. The Canadian Forces (CF) contribution in Afghanistan comprises over 2,500 soldiers, most of whom serve with JTF-Afg at Kandahar Airfield and Camp Nathan Smith, Canadas Provincial Reconstruction Team (PRT), in Kandahar City. Additional personnel are assigned to various military headquarters, support bases, and civilian organizations. Photo by: Cpl Simon Duchesne KPRT Photographer
Strategic Expansion: Colt CZ Group SE, a leading firearms and ammunition producer, announces the acquisition of Sellier & Bellot, a renowned Czech ammunition manufacturer.
Financial Structure: The deal involves a $350 million cash payment and new stock issuance, leading to CBC acquiring a 27-28% stake in Colt CZ Group.
Regulatory and Closure Details: The acquisition, subject to regulatory approval, is expected to close in the first half of 2024, contingent on the companies’ 2023 financial results.
Prague, December 18, 2023 – Colt CZ Group SE (“Colt CZ”), a prominent name in the production of firearms and ammunition for military, law enforcement, and commercial use, has made a significant move in the industry by acquiring 100% interest in Sellier & Bellot a.s. (“Sellier & Bellot”). This acquisition marks a major step in Colt CZ’s long-term strategy to broaden its footprint not only in small arms but also in the ammunition sector.
Sellier & Bellot, with its rich history dating back to 1825, stands as one of the oldest engineering companies in the Czech Republic and a key player in the global ammunition market. The company boasts a diverse product portfolio catering to hunting, sporting, military, and law enforcement needs.
The financial terms of the deal include a cash consideration of $350 million and a new issue of Colt CZ common stock. This arrangement will result in CBC Europe S.à r.l. (“CBC”) acquiring a 27-28% stake in the share capital of Colt CZ Group post-transaction, solidifying a new strategic partnership in the sector.
Jan Drahota, CEO and Chairman of Colt CZ Group, emphasized the acquisition’s alignment with the company’s vision, highlighting the natural complement of ammunition to Colt CZ’s product range. He also expressed excitement about the new opportunities that the integration with Sellier & Bellot will bring.
Awaiting regulatory approval, the finalization of this transaction is slated for the first half of 2024. The conclusion of the deal hinges on the audited financial results of both companies for the year 2023.
Colt CZ Group, headquartered in the Czech Republic, operates globally with a significant presence in various countries and a workforce of over 2,000. The company’s diverse brand portfolio includes Colt, CZ, Colt Canada, and several others, catering to a wide range of firearm and ammunition needs.
Radek Musil, CEO of Sellier & Bellot, expressed confidence in the company’s future under the new ownership, citing Colt CZ’s Czech roots and international presence as key factors for continued growth and innovation in the industry.
Source: Colt CZ
Written and edited: Katerina Urbanova
Photo credit: Colt CZ
