It looks like Big Greenâ€”or rather Freedom Group Inc., the affiliate that owns Remingtonâ€”is going to be building a lot more handguns. The news just broke that FGI has purchased Para USA, a company known for building quality 1911-based pistols with more than a few very innovative modificationsâ€”improvements, if youâ€™re a fan of Para hardware.
Probably the best know is the LDA (Light Double Action) trigger, which is basically a double-action, second-strike-capable trigger for the 1911 design that still feels, well, 1911-ish, but Para has many other achievements to its credit, among them some excellent double-stack versions of the 1911, the â€śHawgâ€ť line of concealment 1911s, and even an innovative tactical rifle. It will be interesting to see which elements are adopted into the Remington family and promoted.
According to a press release from Freedom Group, the purchase was conducted through an unnamed subsidiary of Freedom Group. No price was given. Furthermore, the release did not specify the â€ścertain assetsâ€ť being acquired.
â€śWe welcome Para into the Freedom Group Family of Companies,â€ť said E. Scott Blackwell, chief Sales and marketing officer of Freedom Group, in the press release. â€śPara 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 â€“ 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.â€ť
What do you think this means for the PARA brand and the growing Freedom Group empire?