The Czechoslovak Group completed the acquisition of the remaining 30% stake in Fiocchi Group.

The Czechoslovak Group, a Czech industrial-technological holding company, completed the acquisition of the remaining 30% stake in Fiocchi Group, the Italian small-caliber ammunition manufacturer. Financial terms were not disclosed. “Fiocchi is thriving under the CSG Group, and the group of companies it now comprises benefits from a strong owner with a clear vision and future. We will continue to develop outstanding products for hunters, sport shooters, and security forces, and bring them to global markets. The CSG Ammo+ division – thanks in part to the acquisition of The Kinetic Group – is a leader in small-caliber ammunition production in the Western world, and I am proud to be part of such a strong collective,” Paolo Salvato, Fiocchi CEO.