The Freedom Group has just announced that they have purchased 1911 manufacturer Para USA, the company formally known as Para Ordnance. During SHOT Show, Gear Scout reported that they heard rumors about this acquisition. The announcement was supposed to have happened during SHOT but was delayed for unknown reasons.
The press release …
Madison, NC – Freedom Group, Inc., (FGI) through a wholly owned subsidiary has announced today that it has finalized an asset purchase agreement to acquire certain assets of Para USA, INC., (Para).
Founded in 1985, Para has built a solid and enviable reputation for innovation, performance and reliability. Firearms enthusiasts, serious shooting competitors and law enforcement agencies choose with confidence from a wide and growing variety of Para pistols. Para’s revolutionary high capacity frame and light double action ( LDA ™) trigger systems, are part of the innovation that Para has brought to the world famous 1911 design.
“We welcome Para into the Freedom Group Family of Companies,” stated. E. Scott Blackwell, Chief Sales and Marketing Officer of Freedom Group Inc. “Para USA is a leader in handgun technology and their fine products exemplify quality, innovation and performance. Para is a perfect complement to our industry-leading family of brands, and our success in 2011 with the Remington R1 – 1911. We look forward to deploying both human and financial resources to continue to develop and supply current and future handguns for consumers and our channel partners. We also wish to thank all its employees for their continued dedication that has made Para a success.”
Para will continue day-to-day operations at their Pineville, NC based facility.
In 2009 the Canadian firm Para Ordnance moved their manufacturing facility to Pineville, NC and rebranded themselves as Para USA.
As Remington consolidates its manufacturing in Ilion, NY and Mayfield, KY, I expect to see Para manufacturing moved to the new facility in the near future.Related