A year after announcing its acquisition of a minority position in US company MAC LLC, Nammo is pleased to confirm that it has assumed a majority ownership position in the company. Based in Bay St. Louis MS, the company is a leader in the development and production of lightweight polymer cartridge cases for small and medium caliber ammunition.
Nammo, as a major supplier of specialty ammunition for military and commercial users, believes that this technology will strengthen its ability to provide a reliable advantage to its customers.
Reijo Bragberg, Executive Vice President of Nammo Small and Medium Caliber Ammuniton said: “Through this decision we are now establishing Nammo and MAC LLC as frontrunners in development of lightweight technologies, which are of great importance for our defense customers”.
Nick Malkovich, President of MAC LLC said, “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.”
MAC LLC will continue to operate as they have, providing a leadership role in lightweight ammunition solutions, and will be an important part of Nammo’s US growth plan going forward.
The acquisition has been reviewed and approved by the US government.
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Nammo is an international aerospace and defense company headquartered in Norway. With 2300 staff spread across more than 30 sites and offices in 14 countries, Nammo is one of the world's leading providers of ammunition, rocket motors and demilitarization services for both military and civilian customers.