It is the parent
company of the US arms manufacturer Colt’s Manufacturing
Company LLC and its Canadian subsidiary, Colt Canada Corporation.
CZG and Colt believe that the merger will bring significant operating,
business and research-and-development synergies for the joint
venture, whose total pro-forma revenue for 2020 exceeded USD
570m. It has over 2,000 employees in the Czech Republic, the United
States, Canada and Germany.