another merger

More
10 years 9 months ago #35057 by foxhunter
another merger was created by foxhunter
source: Firearm Blog
Breaking News: Colt is buying LWRC for $60 million (UPDATED)

A well placed source just told us that Colt is buying LWRC for $60 million. The deal is supposed to close on 1 March. The Maryland company may relocate to Florida or Texas and the LWRC M6 Individual Carbine (M6IC) rifle will become a Colt branded product.

Please Log in or Create an account to join the conversation.

More
10 years 9 months ago #35059 by OleCowboy
Replied by OleCowboy on topic another merger
Thanks, good info, been looking at the LWRC products myself, but nixed them due to the piston tech they use. The bottom line is there is something there Colt likes and I suspect something Colt does not like. We won't know how it will shake out until Colt has it in their hands and fields it, but I like to hope Colt will improve the brand.

Please Log in or Create an account to join the conversation.

More
10 years 9 months ago #35068 by Siscowet
Replied by Siscowet on topic another merger
Also LWRC just signed a very large contract with Saudi Arabia to provide 6.8 mm caliber military arms to their army. That makes them a very attractive takeover candidate. Might see industry standardization of an AR piston system down the road because of this.

Please Log in or Create an account to join the conversation.