Tuesday, July 16, 2013
Since 2003 there have been two Colt companies manufacturing firearms. There is Colt Defense LLC which manufactures the M4 carbine for the US military along with the C7 and C8 rifles through their Canadian subsidiary Colt Canada. And then there is New Colt Holding Company or, as it is better known, Colt's Manufacturing Company. This latter company produces rifles and pistols for the civilian market including both AR-15s and 1911s.
Last Thursday, July 12th, Colt Defense LLC entered into an agreement to buy New Colt Holding Company and merge the two entities.
Andrew at Vuurwapen Blog has more on the buyout and why he thinks it will be good for the consumer.