Barrett bought by NIOA

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It looks like Barrett has been acquired by Australian conglomerate NIOA...

Here is a copy/paste of the email I was sent from Barrett:

Australian defense contractor NIOA has expanded its global reach with the 100 percent acquisition of the industry-leading rifle design and manufacturing company, Barrett Firearms.

In announcing the deal, NIOA Group CEO Robert Nioa said the two family-owned companies came together out of a shared commitment to quality, innovation, loyalty, and mission.

“NIOA’s association with Barrett dates back to 2008. We have been inspired by the story of Barrett and admire what Ronnie, Chris and the family have built over more than four decades,” Mr. Nioa said.

“It’s been a story of hard work, perseverance, and purpose culminating in the delivery of critical capability for the men and women of the US military and its allies around the world as well as exceptional products to law enforcement agencies and civilian markets.

“Together we share the same mission - combining our expertise and family business values will ensure Barrett carries on building the finest products in the world.’’

Mr. Nioa confirmed the company would continue to operate under the Barrett brand as a separate division within the NIOA Group alongside NIOA Australia, NIOA New Zealand, the Australian Missile Corporation and the group’s investment in joint venture company Rheinmetall NIOA Munitions.

All management and staff at the Murfreesboro manufacturing facility in Tennessee have been retained and production will continue as normal. Over time it is expected that manufacturing activities in Murfreesboro will be further expanded.

Financial terms of the transaction were not disclosed.

Mr. Nioa also announced two key leadership appointments – current Barrett President Sam Shallenberger has been promoted to the role of Chief Executive Officer while long-serving Barrett Chief Operating Officer Bryan James becomes President.

Ronnie Barrett and Chris Barrett will provide ongoing support as executive advisers to Barrett and the NIOA Group.

Barrett founder Ronnie Barrett said “Today marks the beginning of a new chapter in the Barrett story. Rob and the NIOA team have great respect for the legacy Barrett has created as the leader in long range precision rifles. It’s reassuring to know Barrett will be in good hands with a family-owned company that is focused on manufacturing and delivering world-class firearms and munitions to a global network.”

The Barrett acquisition marks an exciting next chapter for NIOA as the company’s entry to the US market where it has long-standing trusted relationships with American companies such as Vista Outdoors, Leupold, General Dynamics, Northrup Grumman, and the Winchester-operated Lake City ammunition plant.

[MUSTANG]

Danger Will Robinson Danger Will Robinson.

The ever expanding procurement/ownership/operational control of Firearm Industry companies by Wall Street and International Companies is disturbing to me. Name even one instance of these acquisitions and operations by Mega Corporations/International Interests where it has been beneficial to the firearm owners of the USofA or other firearms enthusiast in other countries?

I had a fantastic time in Australia during the 1970's on several visits there. Met some really great people and they were fantastic hosts. But; just as in the USofA Australia has changed dramatically. There is significant Government Control and Intrusion into the every day life of the individual Australians, and I foresee these philosophies migrating to the Barret company. I foresee the Barrett company focusing on International Country Government Sales and foregoing sales to the USofA individual citizenry; much like Colts Firearms did in the USofA for their "Black Rifles" in the 2019 to 2020 period.

[alfadan]

They'll probably start selling to Commiefornia again.:(

[fastdadio]

Danger Will Robinson Danger Will Robinson.

The ever expanding procurement/ownership/operational control of Firearm Industry companies by Wall Street and International Companies is disturbing to me. Name even one instance of these acquisitions and operations by Mega Corporations/International Interests where it has been beneficial to the firearm owners of the USofA or other firearms enthusiast in other countries?

I had a fantastic time in Australia during the 1970's on several visits there. Met some really great people and they were fantastic hosts. But; just as in the USofA Australia has changed dramatically. There is significant Government Control and Intrusion into the every day life of the individual Australians, and I foresee these philosophies migrating to the Barret company. I foresee the Barrett company focusing on International Country Government Sales and foregoing sales to the USofA individual citizenry; much like Colts Firearms did in the USofA for their "Black Rifles" in the 2019 to 2020 period.

^^^ This ^^^ Australia is a lost continent when the rights of the people are concerned. Allowing the control of this company to fall under the control of any commonwealth nation/corp. is a big mistake.

[john.k]

Australia is now run by wacko green billionaires and has a government of rich middle aged lesbians........the future of gun based business here is certainly not bright.....IMHO ,Nioa would have gone down the tubes from the problems of the last 3 years except for moving away from private gun owners to defence type sales...The only Australian powder maker has a US facebook and web presence ,but cant even be bothered answering questions from its Australian users.

[elmacgyver0]

Barrett, sold out to socialists, who would have thought?
Probably start selling to Commiefornia again.

[Winger Ed.]

I thought California banned .50s.
There was a story where the LA SWAT Team had a couple of theirs in for modifications or something when that hit.
Barret refused to ship them or give them back....... because they were banned there.