Para USA

Para USA, LLC
Formerly called
 Para-Ordnance
Private
Industry Arms industry
Founded 1985
Founders Ted Szabo and Thanos Polyzos
Headquarters Charlotte, North Carolina, United States
Products Firearms
Owner Cerberus Capital Management
Number of employees
 approx. 65
Parent Freedom Group
Website www.para-usa.com
Custom P14-45

Para USA (Para) is an American-owned firearms manufacturer. It is the successor to Para-Ordnance, founded in Canada in 1985. It specializes in making M1911-style semi-automatic pistols and components.

History

Para-Ordnance was founded in Canada in 1985 by two childhood friends, Ted Szabo and Thanos Polyzos. Szabo was born in Hungary and his family fled the country when the Soviets invaded during the Hungarian Revolution in 1956.[1] Polyzos was born in Greece and later emigrated to Canada.[2] On March 28, 2007, Ted Szabo died at the age of 60. The company's first product was a plastic paintball gun, the Model 85 "Dye Marking Tactical Machine Pistol", designed for police and military training purposes.[3]

Para-Ordnance Mfg Inc. had a factory in Markham, Ontario, Canada. When last reported, the company was estimated to have an annual revenue of over 9 million dollars and employ a staff of 60.[4] In January 2009, it was announced that the U.S. headquarters for Para-Ordnance's U.S. subsidiary (Para USA) would be set up in Pineville, North Carolina. Eventually, Para Ordnance moved to North Carolina and became a totally U.S. company, Para USA.[5]

In January 2012, Para USA was acquired to become a part of the Freedom Group, a consortium of firearms manufacturers owned by Cerberus Capital Management, a New York private equity investment firm.[5] Remington is Para USA's immediate corporate parent.

Since 2007, Remington Arms had been part of the Remington Outdoor Company (ROC NYSE),[6] which is owned by Cerberus Capital Management. Freedom Group had previously purchased Marlin Firearms and DPMS Panther Arms in 2007. Cerberus combined DPMS and other firearm companies with Remington Arms, Bushmaster Firearms International, and Cobb Manufacturing to form the Freedom Group.[7]

In 2014, the six subsidiary companies that would relocate and consolidate into Remington Arms's new state-of-the-art non-union production facility in Huntsville, Alabama were: Advanced Armament Corp, Lawrenceville, Georgia; Montana Rifleman, Kalispell, Montana; TAPCO, Kennesaw, Georgia; LAR Manufacturing, West Jordan, Utah; DPMS Panther Arms, St. Cloud, Minnesota; and Para USA (Para-Ordnance), Pineville, North Carolina.[8] Remington stated that it would consolidate its production from those six locations into Huntsville in order to increase efficiency, and reduce production and labor costs.[9][10][11][12]

In February 2015, Remington Outdoor Company announced that the "integration" of Para USA into Remington would occur with the move of Para USA to Remington's Huntville, Alabama facility in March 2015.[13]

Products

Para offers a wide range of products for the law enforcement, military, and civilian markets.

Para-Ordnance was the originator of a high magazine capacity M1911-style pistol. Para-Ordnance was also the manufacturer of the first double-action-only 1911-style pistol. The company has created a true double-stack 1911 pistol, in addition to single- and double-stack pistols in .45 ACP, .40 S&W, 9 mm Parabellum, and .38 Super calibers. Para pistols have found a variety of uses, including competition, law enforcement, concealed carry, and general shooting. The introduction of the LDA (Light Double Action) allowed law enforcement agencies to use 1911-style pistols while still addressing the perceived liability issues of a single-action pistol.

In 2009, Para-Ordnance announced the TTR "Tactical Target Rifle", which featured an over-the-barrel delayed gas blowback system, dubbed DIGS, which lessens recoil when compared with a traditional gas system. The TTR also relocated the recoil spring assembly over the barrel and under the handguard, allowing it to have a true folding stock.[14] Production ceased in 2011 when Para USA exited the rifle market.[15]

References

  1. ↑ http://findarticles.com/p/articles/mi_m0BQY/is_8_53/ai_n19313650/[]
  2. ↑ Phil W. Johnston (2002). "Para-Ordnance 7.45 Companion Takes Browning Design to DAO". Gunweek.com. Retrieved 2015-01-22.
  3. ↑ "Handguns". Gun Digest. July 2, 2012. p. 76.
  4. ↑ "Para-Ordnance Manufacturing Scarborough ON, M1X 1C3 –". Manta.com. Retrieved 2015-01-22.
  5. 1 2 "Breaking News: Freedom Group Acquires Para USA - Handguns". Handgunsmag.com. January 30, 2012. Retrieved 2015-01-22.
  6. ↑ Miniter, Frank. "Americas Oldest Gun Maker Thumbs its Nose at a Two Faced Senator Charles Schumer". Forbes.
  7. ↑ "DPMS Acquired By Cerberus. Joins Bushmaster and Remington.". AccurateShooter.com.
  8. ↑ "Remington Arms moving two assembly lines from Ilion to Alabama because of NY Safe Act, senator says". Syracuse.com. May 16, 2014.
  9. ↑ Remington to move production of two gun lines from New York to Alabama
  10. ↑ Remington Arms moving 1200 jobs from NY to Alabama/
  11. ↑ Minnesota St. Cloud based gun maker moving to Alabama
  12. ↑ St. Cloud gunmaker moving to Alabama
  13. ↑ "Remington Announces Para Integration". February 9, 2015. Retrieved June 24, 2015.
  14. ↑ Mike Detty (February 1, 2009). "Para USA Tactical Target Rifle". POLICE Magazine. Retrieved January 1, 2015.
  15. ↑ Johnson, Steve (October 3, 2011). "PARA USA Exits Rifle Market". The Firearm Blog. Retrieved January 23, 2012.
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