News|Industry News By Drew BryantNovember 30th, 2022, theloadoutblog.com Recently Beretta Holdings S.A. acquired ammunition manufacturer Norma Precision and now will be investing up to $60 million in a brand new […]
By Drew Bryant
November 30th, 2022, theloadoutblog.com
Recently Beretta Holdings S.A. acquired ammunition manufacturer Norma Precision and now will be investing up to $60 million in a brand new 300,000-square-foot manufacturing and distribution hub in Savannah, Georgia. Beretta Holdings currently owns and operates more than 15 manufacturing facilities worldwide and employs over 6,500 people internationally.
Below, is the press release from Beretta Holdings on the $60 million investment into Norma’s future.
Dott. Pietro Gussalli Beretta, President and CEO of Beretta Holding S.A., today announced the plans of Beretta Holding Group to further increase its strong presence in the US, through its recent acquisition of Norma Precision, investing $60 million in a state-of-the-art manufacturing and distribution facility for ammunition to be located in Savannah, Georgia.
Beretta Holding Group already employs close to 1,000 employees in the US through Beretta USA, Benelli USA, Burris, Steiner optics, and Norma Precision. The Group also operates famous flagship stores in Dallas and New York. This new facility offers a significant opportunity for the Group to further increase its already extensive footprint in the US adding ammunition to its US operations.
“I am delighted to announce our commitment to investing $60 million through our newly acquired US ammunition subsidiary, Norma Precision. Together with my Family and Beretta Holding, we are very proud to add ammunition manufacturing to our US presence. That is a very special moment as we can now provide our loyal and dedicated US customers with a full range of locally manufactured premium products spanning from firearms to ammunition and optics, all united under the same Group. We are also supporting the local economic network by creating hundreds of new jobs.” stated Dott. Pietro Gussalli Beretta, President, and CEO of Beretta Holding S.A.
Norma Precision, providing for 120 years of purpose-built premium ammunition, will construct a 300,000-square-foot state-of-the-art facility covering the entire ammunition value chain, from manufacturing, and assembly, up to distribution activities. This investment is a major step forward for Beretta Holding and confirms the commitment to always best serve its passionate US customers in the fields of hunting, sport shooting, outdoor, military, and law enforcement. Beretta Holding S.A. is the parent company of the famous industrial Group.
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