In observance of the Labor Day federal holiday we will not publish SGI NewsWire on Monday, Sep. 1. We will resume publishing on Tuesday, Sep. 2.

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.

Frasers Group announced that David Daly will step down from the board at its general meeting on Sep. 24, after eight years chairing the company, and will be succeeded by Sir Jon Thompson, effective Sep. 1.