Brief: Colt CZ Group Announces Closing of Acquisition of Valley Steel Stamp Inc.
17/06/2025 06:59
June 17 (Reuters) - Colt CZ Group SE CZG.PR: COLT CZ GROUP: ANNOUNCES CLOSING OF ITS ACQUISITION OF ALL OUTSTANDING SHARES OF CAPITAL STOCK OF NEW ENGLAND EXPERT TECHNOLOGIES CORP., A DELAWARE CORPORATION, WHICH FULLY OWNS VALLEY STEEL STAMP INC COLT CZ GROUP: PURCHASE PRICE WAS USD 59.5 MILLION, BEFORE ADJUSTMENT FOR WORKING CAPITAL AND CASH, REPRESENTS A MULTIPLE OF 5.0X 2024 EBITDA OF THE COMPANY'S FIREARMS BUSINESS COLT CZ GROUP: TRANSACTION WAS FINANCED ENTIRELY WITH COMPANY'S EXISTING CASH RESOURCES Source text: [ID:] Further company coverage: CZG.PR ((jason.hovet@thomsonreuters.com;))
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