Rossi has been purchased by Taurus. They are both Brazilian firms so this makes sense. It looks like it is not just the US firearm industry that is consolidating.

Forjas Taurus S.A. announces its acquisition of the manufacturing and distribution rights of all Rossi products, including the famous Model 92 lever-action rifle from Rossi Firearms S.A.

I have mentioned many times how much I like Rossi products. I hope this does not affect quality (relative to their low price) or supply.

Full press release after the jump:

H/T Outdoor Wire
The full press release:

Forjas Taurus S.A. announces its acquisition of the manufacturing and distribution rights of all Rossi products, including the famous Model 92 lever-action rifle from Rossi Firearms S.A.

Rossi Firearms S.A. is the industry-leading manufacturer of single-shot, matched pair rifles and shotguns. In addition, they produce Rossi black powder muzzle loading rifles and youth size mini loaders. Forjas Taurus will continue to manufacture the current line of Rossi revolvers.

Taurus will expand its manufacturing capabilities and dedicate additional funding for research and development for new Rossi products. Distribution of all Rossi products in the U.S. will continue through BrazTech International in Miami.

Taurus International, a U.S. leader in quality affordable firearms is a division of Forjas Taurus S.A. We have enjoyed our association with Rossi USA for the past 10 years and have helped with its dramatic growth in U.S. sales over the past several years. I look forward to the continuation of current product production and rapid development of new and innovative models to be introduced in the near future, said Bob Morrison, President & CEO of Taurus International.

This acquisition integrates perfectly with the high quality firearms currently produced by Taurus International and offered worldwide through its global distribution network. Taurus International and BrazTech International will continue to operate as two separate divisions adds Morrison, while shipping, sales and operations will be performed out of the company U.S. headquarters in Miami. Production of Rossi Firearms will continue, uninterrupted at Forjas Taurus’ facilities in São Leopoldo, Brazil. All current Rossi staff will be retained.