Global Ordnance Acquires Chemring Military Products Inc.
Apr 05, 2019, 13:26 ET
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 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
