Colt Buys LWRC for $60 Million
Colt Holdings is buying LWRC and MATech for $60 million. This will be added to Colt’s other companies, Colt Canada (formerly Diemco), Colt Defense, and Colt Manufacturing.
Meanwhile F&D Defense is suing LWRC for 12.4 million, based on the internal operating design belonging to F&D. On hearing the news of Colt’s purchase, I initially asked “why?” Now I’m wondering if LWRC doesn’t want to deal with a lawsuit headache.
All Outdoor Breaking: LWRC is up for Sale? 2014-02-19
The Firearm Blog Breaking News: Colt is buying LWRC for $60 million 2014-02-20
F&D Defense F&D Forces the Hand of LWRCI Ownership 2014-02-18
The court filings can be read on F&D Defense’s website above.