Nordic ammunition group Nammo has acquired a majority ownership stake in US company MAC, a manufacturer of lightweight polymer cartridge cases for small and medium calibre ammunition.
Financial terms of the deal have not been disclosed.
Nammo noted that it has taken over the ownership position in MAC after the US Government reviewed and approved the transaction.
MAC will trade under the Nammo Small and Medium Caliber Ammunition division and will play a key role in Nammo’s US growth plan.
Nammo Small and Medium Caliber Ammunition executive vice-president Reijo Bragberg said: “Through this decision, we are now establishing Nammo and MAC as frontrunners in development of lightweight technologies, which are of great importance for our defence customers.”
MAC president Nick Malkovich added: “We are extremely satisfied to have Nammo become a majority owner. The experience from our first year working together has been very positive, and we look forward to strengthening our cooperation going forward.”
Based in Bay St Louis, Mississippi, US, MAC is involved in the development of technologies that support troops with lightweight ammunition solutions.
MAC’s lightweight, polymer-based solutions for military ammunition products are said to improve range and endurance for vehicles and aircraft while reducing soldier fatigue.
This technology is expected to build Nammo’s capabilities and strengthen the group’s position in the US and international ammunition markets.
Norway-based Nammo is a major supplier of specialty ammunition for military and commercial users.