The Czech arms industry is expanding abroad, also heading to the US markets (Paul Lemke/CSG USA)

The time when foreign entities entered Czech companies to preserve and expand the production of traditional Czech products has changed. Nowadays, in many sectors, it is Czech entities that either buy or enter a foreign company. A significant player in this trend is the Czechoslovak Group holding, which has bought the oldest Spanish munitions factory, Fábrica de Municiones de Granada, or acquired a majority stake in the Italian company Fiocchi Munizioni, a leading global producer of small-calibre ammunition. The most significant deal to date is the pending acquisition of a portion of Vista Outdoor, which includes world-renowned ammunition manufacturers such as Federal, CCI, Spear, Remington and others under its Sporting Products division or The Kinetic Group, for $1.9 billion. The fact that the Czechoslovak Group holding company is expanding into the USA is evidenced by the recent appointment of Paul Lemke as CEO of CSG USA - the American arm of the CSG Group.
#defence #industry #army #usa #usmarket

[@myhouse9]

great interview!