Founded in Lecco in 1876, Fiocchi Munizioni designs, manufactures and sells premium and super-premium small caliber ammunition for shooting sports, hunting and law enforcement, under the iconic Fiocchi, Baschieri & Pellagri and Lyalvale global brands.

It is expected to record consolidated revenues exceeding Euro 380 million in 2022 and employs more than 1,300 people worldwide.

The Prague-based CSG, owned and led by Michal Strnad, is one of the most relevant Czech Republic diversified industrial groups, active in aerospace, defense, automotive, railways and business projects strategic areas.

The deal represents the largest foreign investment in the history of the Czech defense industry.

CSG will support Fiocchi Munizioni’s growth over the next years, with a further international development supported by new investments in all the current factories.

The transaction was supported by Unicredit (also in the role of agent bank), BNL, Banco BPM, BPER Banca, Crédit Agricole and Komerční Banka.