Colt has been sold?


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Monkeyleg
February 4, 2006, 07:00 PM
I was on the phone with the owner of a gun shop yesterday, and he said his distributor had told him that Colt had been sold.

Anyone else hear about this?

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Janitor
February 4, 2006, 07:03 PM
http://www.thehighroad.org/showthread.php?t=180639&highlight=colt+sold

Old Fuff
February 4, 2006, 07:49 PM
This seems to be a hot, but unconfirmed story. Hopefully something will be learned early next week, or Colt may issue a statement at the forthcoming SHOT Show that starts this Thursday. :scrutiny:

larry starling
February 4, 2006, 07:55 PM
As a COLT collector I hope the story isnt true.....:what:

txgho1911
February 4, 2006, 10:15 PM
Maybe this will open the door for wider development and the end to the PC production line.

Rotty
February 5, 2006, 01:18 AM
I am a FFL and just recieved an e-mail from my distributor, colt production has been sold, unknown yet who bought it

IndianaDean
February 5, 2006, 01:22 AM
Maybe that's why I was able to buy my series 80 38 Super nib for only $670.

SigFiend226
February 5, 2006, 01:22 AM
There's a lot of this going on lately, isn't there? Colt, Winchester, and I've heard things about Remington, also, but I am having a tough time getting that confirmed.

colt.45
February 5, 2006, 01:22 AM
this is the worst news i have ever recieved, but they had it coming the way they only sold 6 guns. thats a damn shame. what is happening to american gun distributers? first winchester and now colt.:cuss::fire:

Lone_Gunman
February 5, 2006, 01:31 AM
Why would someone buy Colt?

Just about all their patents expired long ago. All the buyer would get is the name and the logo.

boldkharma
February 5, 2006, 01:34 AM
Its a sad thing indeed, but look at whats happening to other American companies as well. Ford, GM, now Colt. Time to wake people!!! Or you can buy another Toyota and a Sig and call it a day.

SigFiend226
February 5, 2006, 01:41 AM
Unfortunetly, what's happening is the American stuff is becoming foreign and the foreign stuff is becoming American. My Honda was completely built in Ohio, after all. ;)

geegee
February 5, 2006, 01:44 AM
Why would someone buy Colt?
Brand name...it's all about the brand.

Just about all their patents expired long ago. All the buyer would get is the name and the logo.
That name and logo is about as recognizable as it gets. Once again, branding! The problem for far too long is that that remarkable name and logo have been under the control of people who have mishandled it. This could be a great development, depending on who has acquired Colt.

SigFiend226
February 5, 2006, 01:49 AM
I agree there. It would be nice to see people talking about Colt in a kind matter for once. So many people just flat out avoid newer Colts.

71Commander
February 5, 2006, 07:33 AM
Why would someone buy Colt?

Just about all their patents expired long ago. All the buyer would get is the name and the logo.

That's enough.

Rotty
February 5, 2006, 10:24 AM
Remington is buying other companys, not being bought, they bought charles daly, and have started a new branch called remington international, they are offering over-seas manufactured firearms (baikal (sp?) made) shotguns, muzzleloaders and single shot rifles (used to be the spartan gun works line)

stevelyn
February 5, 2006, 11:05 AM
Remington is buying other companys, not being bought, they bought charles daly, and have started a new branch called remington international, they are offering over-seas manufactured firearms (baikal (sp?) made) shotguns, muzzleloaders and single shot rifles (used to be the spartan gun works line)

Remington is the importer of Zastava rifles that were being imported by KBI under the Chuck Daly name. KBI still imports handguns and shotguns under the CD name.
The Russian made Baikal guns that Remington is importing under the Spartan name are the same ones that were being imported by European American Armory.
Nothing has changed manufacturingwise only who gets to import and market the the products in the U.S.
Hopefully Remington will still offer actions and barreled actions as options on the Zastava products.

As for Colt, internet legend has it that General Dynamics has purchased one of the divisions, but don't quote me on it as I'm only repeating gossip.:D

Harve Curry
February 5, 2006, 02:15 PM
I called Colt on Friday and left a message as is the usual practice and then they call you back within a week or so. I ordered a new engraved SAA a year ago, so I have an order number and a drawer number to ask about. This news has got me wondering:(

Bobarino
February 5, 2006, 04:58 PM
the rumors around the AR board is that Colt Defense Division was sold to General Dynamics. Colt Defense is the military cintract fulfilling comapny. Colt Manufacturing is the one that makes the pistols and such. no press releases or confirmations anywhere to be found though. maybe it'll be announced at SHOT?

Bobby

Mot45acp
February 5, 2006, 05:12 PM
Maybe I am the odd man out. I think that Colt made very fine weapons "back in the day" but now they are just over priced guns with a horsey stamp. What makes a Colt better than a Bushmaster or DPMS? Pull out a Mil spec 1911 Colt and put it next to your mil spec Springfield, and ask yourself why did I pay almost double for this? I think their pythons and whatnot are nice, just not worth what is bein asked of them.
This is just my $.02 that nobody asked for
Mot

Baba Louie
February 5, 2006, 05:15 PM
Pull out a Mil spec 1911 Colt and put it next to your mil spec Springfield, and ask yourself why did I pay almost double for this?American labor rates vs Brazilian labor rates maybe?

Snake Eyes
February 5, 2006, 05:23 PM
As a COLT collector I hope the story isnt true.....

As a Colt collector, I certainly hope the story IS true.

Can you say "my collection just doubled in value"??

I can.

:neener:

Standing Wolf
February 5, 2006, 06:35 PM
So many people just flat out avoid newer Colts.

It's a quality thing. Some people get it. Some people don't.

Frankly, I hope Beretta has bought Colt's civilian business: it's a company that seems to try hard.

Nightcrawler
February 5, 2006, 06:59 PM
1911 Colt and put it next to your mil spec Springfield, and ask yourself why did I pay almost double for this?

My new rollmark Government Model, purchased in 2003, cost only about a hundred dollars more than a Springfield Mil-Spec. And, of course, the frame wasn't made by Imbel of Brazil.

I don't get people ragging on Colt's AR-15 line. ALL, that is, ALL military M4 carbines are made by Colt. Matter of fact, Colt invented the M4 carbine, and "M4 Carbine" is a registered trademark of Colt Defense. Bushmaster likes to pretend the military uses its weapons; DoD contractors, police, and guards do. But if Colt is crap, then mililtary M4s are crap, and I'll tell you right now that you can start a fight in the rifle forum by claiming that.

In any case, maybe this will be good for Colt. I'd definately prefer Colt to remain intact, and NOT be a subsidiary of a multinational conglomerate (like the Herstal Group, which owns FN, Winchester, USRAC, etc.). Hopefully, the new owners of the Colt name will realize what they've got. I'm hoping I'll eventually see advertisements for Colt firearms in the magazines again. Wouldn't that be great?

Frankly, I hope Beretta has bought Colt's civilian business: it's a company that seems to try hard.

I dunno, man. Beretta's marketing department has been phoning it in for a long time now, too. When's the last time you saw an ad for ANYTHING from Beretta? And if it weren't for their military M9 contracts, I think Beretta's domestic sales would be in the tank. They're just not getting the big LE contracts anymore. Cops don't want sexy Beretta 92s these days. They want ugly plastic guns with Windex-bottle triggers and no safety. It's the evoloution of police equipment, and Beretta hasn't been keeping up with that market. It's a lot of Glock, now, but Springfield has been making inroads with the XD, and S&W just threw down with their new M&P pistol. HK, of course, is doing fine, as is SIG, who just got a big Homeland Security contract.

Lone_Gunman
February 5, 2006, 08:30 PM
Matter of fact, Colt invented the M4 carbine

I am not sure how much credit they ought to get for "inventing" it. I think it would be better to say they modified an existing design. Colt has invented much of anything (worthwhile at least) in the last 40 years.

I have a Bushmaster sitting next to two Colts right now, and the Bushmaster is every bit as good.

As for Beretta, they recently acquired Uberti, and if they did get Colt, would suck up a bigger part of the cowboy market.

Nightcrawler
February 5, 2006, 08:34 PM
I am not sure how much credit they ought to get for "inventing" it.

Fair enough. But Colt was the first to make ANY kind of carbine out of the M16. And there are minor differences between the Colt M4 and the other carbines out there that Colt still holds patents on.

Plus, Colt Defense has better QC than most commercial AR makers. All I'm saying is that people who, at the same time, rag on Colt AR types and yet go on about how great the M4s our troops are using need to reconsider their thought process. That's all.

Lone_Gunman
February 5, 2006, 10:01 PM
I understand what you mean Nightcrawler, and certainly am not trying to disparage the quality of Colt's M4. I think they are good guns.

However, a lot of people, including yourself, fail to acknowledge that Bushmaster really does make a good product also. They are every bit as good as the Colt AR 15's I have owned and/or played around with. From my admittedly limited experience, there is no difference between Colt QC and Bushmaster QC. I have been messing around with both for years now. If I had to pick a NIB Colt or a Bushmaster off the rack to defend myself with, it really would not matter to me.

One thing that has stuck in my craw since the AWB expired though is that Colt has continued to stamp their civilian M4's as "law enforcement only", I guess for liability reasons.

Stevie-Ray
February 5, 2006, 10:22 PM
One thing that has stuck in my craw since the AWB expired though is that Colt has continued to stamp their civilian M4's as "law enforcement only", I guess for liability reasons.Not only the M4s. My Colt Tac Carbine has the stamp also.

Double Naught Spy
February 5, 2006, 10:23 PM
Lone_Gunman, I think you are giving Colt too much credit. They are not continuing to have their civilian M4s stamped "For Law Enforcement Only" for liability reasons. There is no liability difference between it and other civilian guns. It is just easier to not change the roll mark/stamp than to change it. Plus, those notations appeal to some customers because it makes the gun appear cooler, like LE Only Ammo. We all know it must be nothing but the best if the maker put Law Enforcemetn Only on the box, right?

When it comes to whether or not people accept your Bushy as comparable to a Colt or other model really doesn't matter. The reason why many folks fail to note that a given brand makes a good product is often because they don't feel that way about it. You can find all sorts of examples to support or refute which brand is or is not good enough, comparable, bettter, whatever. If what you have works, then that is all that is important. How anyone else feels about it will not affect the performance of your gun even if it is considered 2nd class by some. You see, guns don't need emotional support. Some gun owners do, but not the guns. Contrary to what many owners feel, the guns they own are not who they are. They are just something the owners own.

Wags
February 6, 2006, 02:13 AM
This Colt story being bought and sold is pure baloney and poppycock! Rumors always find blind believers.......

http://forums.1911forum.com/showthread.php?t=134657

This news is old folks, real old..........

JohnBT
February 6, 2006, 10:09 AM
And that's your evidence that the 'rumors' are untrue? HA!

Here's a more reliable source...scroll down to BUYING-SELLING-SUING...

www.theoutdoorwire.com/tow_final.php?date=2006-2-2

John

Camp David
February 6, 2006, 10:22 AM
Maybe I am the odd man out. I think that Colt made very fine weapons "back in the day" but now they are just over priced guns with a horsey stamp. What makes a Colt better than a Bushmaster or DPMS? Pull out a Mil spec 1911 Colt and put it next to your mil spec Springfield, and ask yourself why did I pay almost double for this? I think their pythons and whatnot are nice, just not worth what is bein asked of them.
This is just my $.02 that nobody asked for
Mot

Mot: my .02 is the opposite; I don't believe that there was a better Double Action made than the Colt Python and other DAs that Colt offered; i.e., Anaconda, are the very best made in my opinion! Are they worth the extra money? Well... do you buy the cheapest to stake your life on or the best? Numerous manufacturers have attempted to duplicate the color-case hardened finish on a SAA but none succeeded like Colt. The quality of the Colt Commander .45ACP seems superiour in many ways to anyting else offered in my opinion...

I would be very sad if Colt was no longer around... I've always attributed to Colt as being the best, as have many others. With me, it's either a Colt or a second rate competitor, and I always ponied up the extra to be sure it was the former not the latter.

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