Diemaco

Diemaco (1984) Inc.
Company typePrivate (division of Héroux-Devtek Inc.)
IndustryDefence
Founded1974 (1974)
FateAcquired
SuccessorColt Canada Corporation May 24, 2005 (2005-05-24)
Headquarters,
ProductsFirearms, weapons

Diemaco was a Canadian defence company based in Kitchener, Ontario, that manufactured the C7 family of rifles under a licence from Colt.

History

[edit]

The company was formed in 1974 under Devtek Corporation,[1] effectively replacing the arms supply from government owned Canadian Arsenal Limited.

In 2000, it was acquired by Héroux-Devtek Inc.[2][3]

On May 20, 2005, it was acquired by Colt Defense for $18.2 million.[4] As a result, Héroux-Devtek revamped the Aerospace and Defense division to the Aerospace division.[5]

Colt Canada relaunched the brand in 2014.[6][7]

References

[edit]
  1. ^ https://www.all4shooters.com/en/shooting/rifles/colt-canada-diemaco-sa15-7-sa20-semi-automatic-rifles/
  2. ^ "Corporations Canada Online Filing Centre". Industry Canada. Retrieved 7 April 2011.
  3. ^ "Héroux-Devtek Completes the Sale of its Logistics & Defence Division, Diemaco" (PDF). Héroux-Devtek Inc. 20 May 2005. Retrieved 7 April 2011.
  4. ^ https://www.sec.gov/Archives/edgar/data/1328644/000095012305007051/y09554sv1.htm
  5. ^ https://www.annualreports.com/HostedData/AnnualReportArchive/h/TSX_HRX_2006.pdf [bare URL PDF]
  6. ^ https://www.thegunmag.com/colt-cana-brings-back-diemaco-brand-for-canadian-rifle-buyers/
  7. ^ https://web.archive.org/web/20210228185410/https://www.all4shooters.com/en/shooting/rifles/colt-canada-diemaco-sa15-7-sa20-semi-automatic-rifles/