Czechoslovak Group (CSG )announces the acquisition of a 70% stake in Fiocchi Munizioni, a global leader in premium and super premium small caliber ammunition. CSG Group will partner with the current shareholders, the Fiocchi family and Charme Capital Partners, who will retain a minority stake, to pursue the continued growth path envisaged for Fiocchi Munizioni over the next years.Founded in 1876 in Lecco (Italy), Fiocchi Munizioni designs, manufactures and sells premium and super-premium small caliber ammunition for shooting sports under the iconic Fiocchi, Baschieri & Pellagria nd Lyalvale global brands. Fiocchi Munizioni is one of the very few global players with three fully vertically integrated industrial and commercial platforms in Italy, in the US(where Fiocchi has been directly present for more than 40 years)and in the UK.
Fiocchi has a wide range of proprietary product and process technologies in critical areas, including rare primer production capabilities, developed through a continuous in-house proprietary innovation activity. Fiocchi Munizioni is expected to record consolidated revenues exceeding Euro 380 million in 2022 and employs more than 1300 people worldwide.
CSG, based in Prague (Czech Republic)is a diversified industrial group active in 5 strategic business segments, aerospace, defence, automotive, railways and business projects, where it operates at a global level. CSG Group is 100% controlled and led by Michal Strnad who has been able to transform it into the most relevant Czech Republic industrial group with a strong international footprint. CSG employs more than 8.000 people worldwide and it owns and manages a diverse portfolio of industrial and trade companies across the civil and defence sectors.
Michal Strnad, Chairman of CSG, commented on the transaction: “This transaction marks a major milestone for the entire CSG, being the investment in Fiocchi the largest financial investment in the history of our group. Today we become the majority shareholder and the partner of a global leader in the field of small-caliber ammunition, with a solid presence in the NATO countries. Fiocchi Munizioni, like the CSG, has been built by several generations of the Fiocchi family. We consider the Fiocchi family’s commitment to the management and development of the company to be a strong asset and we want to develop the company in close partnership. We also deeply appreciate and respect what Charme Capital Partners has been able to achieve over the last five years and we will treasure its precious legacy also going forward thanks to its reinvestment as a minority shareholder”.
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