Barrett Firearms Acquired by NIOA Group of Australia

By Editor

Australian defense contractor NIOA has announced the 100% acquisition of the industry-leading rifle design and manufacturing company, Barrett Firearms. Financial terms of the transaction were not disclosed. The American Barrett factory will continue to operate in the USA at its Murfreesboro, Tennessee location and all workers will be retained. Ronnie Barrett and Chris Barrett will serve as executive advisers to NIOA.
NIOA Group CEO Robert Nioa said the two family-owned companies came together out of a shared commitment to quality, innovation, loyalty, and mission: “NIOA’s association with Barrett dates back to 2008. We have been inspired by the story of Barrett and admire what Ronnie, Chris and the family have built over more than four decades. Together we share the same mission – combining our expertise and family business values will ensure Barrett carries on building the finest products in the world.”

Mr. Nioa confirmed the company would continue to operate under the Barrett brand as a separate division within the NIOA Group alongside NIOA Australia, NIOA New Zealand, the Australian Missile Corporation and the group’s investment in joint venture company Rheinmetall NIOA Munitions.

Outdoor Wire Editor Jim Shephard interviewed Robert Nioa recently. Jim noted that Barrett’s production will remain in the USA:

Source: Accurate Shooter