News|Industry News
By Drew Bryant
July 3rd, 2024, theloadoutblog.com
On Monday, the C&H Precision Family of Companies announced the acquisition of Florida-based Paragon Weapon Light Cleaner. This process originally started back in August 2023, when C&H Companies acquired a majority stake in Paragon from its founding members, initiating a strategic partnership that would allow both companies continued growth. As of June 2024, C&H Companies has completed the acquisition and assumes full ownership of Paragon Weapon Light Cleaner. The entity that owns C&H Precision Family of Companies is a prominent fixture within the firearms community and will continue to seek strategic acquisitions in adjacent or the same markets.
Below is the press release from C&H Companies on the acquisition of Paragon Weapon Light Cleaner.
Press Release
C&H Family of Companies is thrilled to announce the successful acquisition of Paragon, a highly regarded firearms cleaning solution company based in Florida. The entity also owns C&H Precision, a prominent player in the firearms industry, and will continue to look for strategic acquisitions in the same and adjacent markets.
In August 2023, C&H Companies acquired a majority stake in Paragon from its founding members, initiating a strategic partnership designed to enhance the capabilities and market presence of both companies. As of June 2024, C&H Companies has completed the acquisition and assumes full ownership of Paragon.
“This acquisition marks a significant milestone in our ongoing growth and expansion within the firearms sector,” said Buck Holly, Founder & CEO of C&H Precision Family of Companies. “We are eager to integrate Paragon’s innovative products and expertise into our operations, which will undoubtedly strengthen our market position and enhance our ability to serve our customers.”
The full acquisition of Paragon underscores C&H Companies’ commitment to broadening its product offerings and sharpening its competitive edge. Customers and partners can expect a continued commitment to excellence in both service and product quality.
C&H Companies broke ground on its new home in Bryan County, Ga in March of 2024. The facility in the city of Richmond Hill will span 50,000 square feet, create up to 60 jobs and become a place for the community to gather. All Paragon operations will operate out of the C&H Companies headquarters upon completion of the complex.
In plans released earlier, the C&H Companies campus will include state of the art manufacturing, indoor shooting ranges for the public and law enforcement, a retail store with Federal Firearms License, a sandwich and coffee shop and more. This multi-use facility will not only increase C&H Companies’ manufacturing and design capacity to support its growing business needs, but it will increase the company’s involvement and contributions to the local community.
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