Samuel Colt

Colt Entities Together Again: Company Reunites Military, Civilian Gun Manufacturing

Thetwo halves of the gun-making company Samuel Colt established in Hartford in the 1850s are coming back together, with plans that include keeping a combined 750 employees in West Hartford, a company executive said Monday.

Colt Defense LLC's $60.5 million acquisition of Colt Manufacturing Co. will reunite Colt's military and civilian handgun businesses, a decade after they were split apart. The merger is intended to usher in a new era of growth for the company, said Gerry Dinkel, chief executive of Colt Defense, as it faces the prospect of paying off $250 million in debt.

"Both businesses have been growing because of the demand for civilian firearms," Dinkel said....