Czech CSG Group, the global industrial-tech company owned by Czech entrepreneur Michal Strnad, purchased an 80 percent stake in the Italian, family-owned Armi Perazzi S.p.A., a manufacturer of shotguns for sport shooters and elite hunters.
Typical owners of these premium firearms, of which Perazzi produces approximately 1,500 units per year, are reportedly Olympic medalists and competitive shooters.
Perazzi is located in Botticino, Lombardy, Italy.
Italian gunsmith Daniele Perazzi founded the company in 1957. Today, the company is led by the founder’s descendants, Mauro and Roberta Perazzi, who jointly own 20 percent of the business.
Perazzi, which generated €14.3 million in 2021, is “highly profitable” and will continue to be run by the Perazzi family and the current management team.
“The decision to find a strategic partner to whom we would sell a majority stake in the company was motivated by our desire to ensure a secure future, sustainable growth, and strengthen the company’s unique position in the global luxury arms market,” said Mauro Perazzi. “We decided to partner with CSG, which also has roots as a family business because CSG understands our history and business philosophy.”
Roberta Perazzi added, “With CSG’s entry into Armi Perazzi, we expect to strengthen our competitiveness. We see CSG as a strong, successful multinational company that will allow us to continue to produce prestigious hunting and sporting firearms. CSG will help us succeed in the market and open up new business opportunities with its experience.”
Perazzi was represented by the Milan-based consulting and investment company FAI, with legal advice provided by Gianni & Origoni.
The purchase of Perazzi is CSG’s second major acquisition in Italy. Last year, the company reportedly acquired a majority stake in Fiocchi Munizioni, the manufacturer of small-caliber ammunition, which operates production facilities in Italy, the U.K. and two sites in the U.S.
Perazzi serves the U.S. market through its subsidiary, Perazzi USA Inc., based in Azusa, CA. Perazzi USA is the sole importer and distributor for the U.S. market.
Michal Strnad, owner of CSG, commented on the acquisition, “Armi Perazzi is a prestigious brand in the field of firearms for sport shooters and elite hunters. At the same time, it is a stable and prosperous company that the Perazzi family excellently manages. The motivation for this acquisition is not only financial but also to strengthen CSG’s international prestige and reputation as a global and innovative industrial group expanding in Europe and the USA.”
CSG’s manager responsible for the acquisition of Armi Perazzi and its future development is CSG Investment Director Stanislav Kuba, who summarized the goals for the company’s further development.
“We want to maintain the excellence and exclusivity of Armi Perazzi products, bring new customers to the company, and also to leverage its strong brand, especially in connecting CSG further to the shooting sports,” he said.
CSG recently inked a deal to acquire Vista Outdoors’ Sporting Products division, which includes its small-caliber ammunition brands such as Federal and Remington (read SGB Media’s coverage here).
Photo courtesy Armi Perazzi S.p.A
