Czech Company Buys Steyr Arms

by
posted on July 15, 2024
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
Steyr rifle

RSBC Group, a Czech investment company, announced the acquisition of Steyr Arms in April 2024. The move adds a second gunmaker to the company’s portfolio, following the group’s acquisition of Slovenia’s Arex Defense in 2017. Steyr had been wholly owned by SMH Holding GmbH, a German investment group, since 2007.

“The acquisition of Steyr Arms is a once-in-a-generation opportunity. We are proud to be involved in the further development of its legacy,” said Milan Šlapák, CEO of RSBC Group. “Steyr Arms has an exceptional product portfolio, especially in the field of long guns for the military and law enforcement and also in the category of hunting and sporting rifles.”

Following the acquisition, current Arex CEO Tim Castagne will take over management of both brands. Financial details of the transaction were not disclosed, although a company press release stated that Steyr’s net sales for 2023 exceeded €45 million.

For more information, visit steyr-arms.com.

Latest

Hopkins & Allen Gunmaker
Hopkins & Allen Gunmaker

Hopkins & Allen: The Armsmaking Giant That Didn't Survive

Founded in 1868 in the northeast U.S., Hopkins & Allen grew from a friendly business venture into a prolific maker of affordable guns for brand names such as Merwin & Hulbert and Forehand & Wadsworth.

Burris Optics Celebrates 50 Years Of Fullfield Riflescopes

Firearms and ammunition ballistics have changed greatly over the last half-century, but one of the biggest leaps in performance hit the scene five decades ago, when Burris Optics introduced its Fullfield line of riflesopes.

I Have This Old Gun: Heckler & Koch P7

In the mid-1970s, the German federal police sought a replacement for its existing World War II-era sidearms and put out stringent guidelines for what it wanted in a handgun. The result was the Heckler & Koch P7.

New For 2025: Smith & Wesson Shield X

Smith & Wesson's new Shield X micro-compact handgun combines elements from the company's M&P Shield Plus with some cues from its smaller Bodyguard 2.0 design.

Review: Tisas PX-5.7 FO

The idea that a faster-moving, lightweight projectile can do the same work as a heavier, slower-moving slug has been around for ages, and the math clearly supports it, even if some in the general public don’t.

NRA Awards Grand Scholarships To 2024 Y.E.S. Students

The Y.E.S. program—which launched in 1996—is held each summer in Washington, D.C., and brings together high-achieving high school students from across the country for a week of immersive learning focused on the U.S. Constitution, Bill of Rights and American government.

Interests



Get the best of American Rifleman delivered to your inbox.