Colt CZ to acquire a 51% stake in Synthesia Nitrocellulose from Kaprain-backed Synthesia for $1bn.

Colt CZ, a producer of firearms and ammunition, agreed to acquire a 51% stake in Synthesia Nitrocellulose, a nitrocellulose manufacturer, from Kaprain-backed Synthesia, an energetic nitrocellulose manufacturer, for $1bn. "We are proud to welcome Synthesia Nitrocellulose, one of the world's leading suppliers of energetic nitrocellulose based in a NATO member country, to Colt CZ Group. The acquisition of SNC fits into our strategy of expanding the Group's activities into medium and large-caliber ammunition while strengthening our position in a critical element of our supply chain. We intend to continue the vertical integration of ammunition manufacturing, thereby contributing to the strategic independence and self-sufficiency of the Czech Republic and NATO countries in defense supplies,” Jan Drahota, Colt CZ Chairman of the Board of Directors.