With immediate effect, RUAG holds 100% of the shares in Turfer di Turelli Luca & C. SRL, a company founded in 1990. The two companies have maintained a close partnership for some years. In addition to the existing SWISS P ammunition line, the well-known brands RWS, GECO, Norma and Rottweil plus various other brands will in future be available through the Brescia-based wholesaler. The acquisition will make it easier in the medium term to exploit the potential of the Italian market with an extended product range.
“This acquisition is a logical step forward, and precisely fits RUAG Ammotec's strategy of strengthening and expanding the hunting and sports business in Europe through our own wholesaling activities”, says Matthias Vogel, Senior Vice President Marketing, Hunting & Sports.
RUAG Ammotec already owns or has investments in sales companies in Germany, Austria, Belgium, France, the UK, Sweden, Finland, Switzerland and the USA.