Posted October 30, 2017 4:00 pm by Comments

By Tom Knighton

It’s a weird time in the gun community. On one hand, there doesn’t appear to be much if anything to the talk of a “Trump Slump” in gun sales. However, ammunition manufacturers seem to be taking it on the chin. Federal Premium Ammunition has had a couple of rounds of layoffs as it is, with no guarantee more aren’t on the horizon.

Now, we learn that Italian ammunition maker Fiocchi is up for sale.

According to LeccoNotice.com the historical Italian company Fiocchi Munizion S.p.A. might be up for sale.

Fiocchi Ammunition employees 670 people and reached about 150 million Euros in revenues in 2016, a rise from 135 millions in 2015. The positive net finance position was 5 millions, from 3 millions in 2015.

The buyers are likely to be Charme Capital Partners sgr, a private equity firm partly owned by the Montezemolo family.

Due to the nature of Fiocchi’s business the company is considered to be of strategic value to the state, but the Italian Government has officially stated that they will not use their “Golden Rule” to acquire the company. (Source, in Italian) This is an important “go ahead” for the deal …Read the Rest

Source:: Bearing Arms

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