Colt CZ Group Acquires Majority Stake in Propellant Maker
Colt CZ inked an agreement to acquire a 51% stake in gunpowder ingredient maker, Synthesia Nitrocellulose (SNC), which is currently 100% owned by Kaprain Chemical, in a deal valued at CZK 22 billion ($1.0 billion), about 8.2x times expected 2025 EBITDA. It will be financed through a combination of cash and the issuance of new common stock, which represents around 40% of the ... Log in to view full article.
