An industrial group based in Prague, Czech Republic, Czechoslovak Group (CSG), has acquired a 70 percent stake in Fiocchi Munizioni, the Italian parent company of Fiocchi of America. CSG said it will partner with current shareholders, the Fiocchi family and Charme Capital Partners, which will retain a minority stake, for continued growth.
Founded in 1876 in Lecco, Italy, Fiocchi Munizioni designs, manufactures and sells small-caliber ammunition for shooting sports, hunting and law enforcement under the Fiocchi, Baschieri & Pellagri and Lyalvale global brands. Fiocchi has operations in Italy, the United States and the United Kingdom and employs more than 1,300 people worldwide. CSG is active in aerospace, defense, automotive, railways and business projects. Controlled and led by Michal Strnad, it employs more than 8,000 people worldwide.
Fiocchi of America also recently announced the selection of Little Rock, Ark., as the location of its future ammunition primer manufacturing facility. The $41.5 million plant will become one of only six primer-manufacturing sites in the United States and will be the only dedicated lead-free primer plant in the world. Construction on the 281-acre facility is slated to begin this year, and the company expects to start operations in early 2025. The facility will eventually employ 120 people. fiocchiusa.com
