Nammo assumes majority ownership position in MAC
Nammo has assumed a majority ownership position in MAC, a US company based in Bay St Louis, Mississippi, the company announced on 3 January.
MAC develops and produces lightweight polymer cartridge cases for small and medium calibre ammunition. The company will continue to operate as usual and will be an important part of Nammo’s US growth plan.
Reijo Bragberg, executive vice president of Nammo small and medium caliber ammuniton, said: ‘Through this decision we are now establishing Nammo and MAC LLC as frontrunners in development of lightweight technologies, which are of great importance for our defence customers.’
The move comes a year after Nammo announced its acquisition of a minority position in MAC.
The acquisition has been reviewed and approved by the US government.
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