Le Lézard
Classified in: Business
Subjects: TNM, VET, MAT

Global Ordnance Acquires Chemring Military Products Inc.


SARASOTA, Fla., April 5, 2019 /PRNewswire/ -- Global Ordnance LLC ("Global Ordnance") announced it has completed the acquisition ("Acquisition") of Chemring Military Products Inc. ("CMP"), a subsidiary company of Chemring Group PLC.

Global Ordnance Logo

Global Ordnance is a veteran-owned small business that responds to the needs arising from critical missions of the US Government and its allies around the world. Since its inception in 2013, Global Ordnance has earned a reputation as a trusted and reliable partner of its customers, to include the US Special Operations Command and the US Army.

CMP procures and delivers worldwide US-standard and non-standard ammunition and weapons systems.  In FY2018, CMP generated revenues exceeding $111M with an operating profit of $10.5M.

Both Global Ordnance and CMP have been long-time suppliers of non-standard ammunition (NSA) and non-standard weapons (NSW) to US and foreign government entities. Today's acquisition of CMP by Global Ordnance marks the synergy of two well-established organizations with complementary strengths and expertise. By absorbing the staff and contracts of CMP into its organization, Global Ordnance aims to improve its already stellar reputation as a reliable and dependable US Government business partner and a leading supplier of NSA and NSW. On a larger scale as a result of this purchase, the focus for Global Ordnance going forward remains on providing unmatched service and products to its current customers.

While today's Acquisition magnifies the depth and breadth of an already strong NSA/NSW team and places Global Ordnance atop the NSA/NSW partner spectrum, it also allows Global Ordnance to broaden the extent of activities in the commercial space which the company entered in earnest within the last two years. Since then, Global Ordnance has become an exclusive US distributor of already established brands, such as Grand Power of Slovakia and Australian Outback Ammunition of Australia. The company plans to continue growing its presence and strengthening its competitive impact in the commercial US market. 

For more information about defense sales, visit www.global-ordnance.com or inquire at [email protected].  For additional details regarding commercial sales, visit www.globalordnance.com or inquire at [email protected].

Contact - Marc Morales, 941-896-2251, [email protected]

 

SOURCE Global Ordnance LLC


These press releases may also interest you

at 13:16
Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services...

at 13:15
Evergreen Home Loans, a full-service direct home loan lender offering origination, funding, and servicing in the Western U.S., is proud to announce that its President, Tamra Rieger, has been named a Woman of Influence by HousingWire. This prestigious...

at 13:13
Mammoth Holdings LLC, America's premier express car wash platform, announced the recent opening of its newest location, Silverstar Car Wash in East Moline, IL. This is Mammoth's latest site opening that aligns with the company's dual growth strategy...

at 13:10
Today, the Clean Cooking & Climate Consortium (4C), led by the Clean Cooking Alliance (CCA), released a new methodology for crediting emissions reductions from cooking projects ? the first such methodology to apply to all cooking transition...

at 13:05
Center Valley, PA-based wealth management firm Quadrant Capital is pleased to announce several recent hires and promotions designed to bolster the firm's core service offerings and enhance client experience. "We could not be more excited to welcome...

at 13:00
As one in five U.S. adults live with a mental illness, Massage Heights has announced its partnership with the National Alliance on Mental Illness (NAMI) to help create more awareness on the importance of this growing matter. Throughout the month of...



News published on and distributed by: