NIOA acquires US manufacturer Barrett Firearms

[JJEH]

Hot off the Press!!!!

NIOA acquires US manufacturer Barrett Firearms.

Australian defense contractor NIOA has expanded its global reach with the 100 percent acquisition of the industry-leading rifle design and manufacturing company, Barrett Firearms.

Mr. Nioa confirmed the company would continue to operate under the Barrett brand as a separate division within the NIOA Group alongside NIOA Australia, NIOA New Zealand, the Australian Missile Corporation and the group's investment in joint venture company Rheinmetall NIOA Munitions.

All management and staff at the Murfreesboro manufacturing facility in Tennessee have been retained and production will continue as normal. Over time it is expected that manufacturing activities in Murfreesboro will be further expanded.

Also interesting to note:

The Barrett acquisition marks an exciting next chapter for NIOA as the company's entry to the US market where it has long-standing trusted relationships with American companies such as Vista Outdoors, Leupold, General Dynamics, Northrup Grumman, and the Winchester-operated Lake City ammunition plant.

NIOA acquires US manufacturer Barrett Firearms - Barrett Firearms

 

[Puller]

Good for Ronnie Barrett and family, get out while the gettings good with a pocket full of cash.

 

[robertrwalsh]

It seems like the new owners are sincerely interested in continuing to allow this fine company to operate without interference from afar. Smart move on their part I suspect. Everybody happy. That is a good outcome.

 

[Sevens]

Hmmm, maybe I will be the first to point out that a legendary figure in the RKBA union sold to an outfit from a country that would certainly be deemed the far other end of the spectrum. I believe Ronnie Barrett is an icon in the history of American firearms and I will NOT fault him for this... but it sure looks bittersweet to me.