Beretta Holding

Last updated
Beretta Holding
Company type Private
Founded2018
Headquarters Luxembourg
Key people
Products
Brands
  • Beretta
  • Benelli
  • Franchi
  • A. Uberti
  • Stoeger
  • Sako
  • Tikka
  • Chapuis Armes
  • Steiner
  • Burris
RevenueIncrease2.svg €958.00 million (2021)
Increase2.svg €216.60 million (2021)
Increase2.svg €145.90 million (2021)
Total equity Increase2.svg €901.50 million (2021)
Number of employees
Increase2.svg 3,388 (2021)
Website www.berettaholding.com
Footnotes /references
[1] [2] [3]

Beretta Holding is headquartered in Luxembourg. It is an holding company for the Italian industrial group and holds direct or indirect participation in 26 companies. [4] [5] The eponymous company is managed by fifteenth-generation descendants of Maestro Bartolomeo Beretta, progenitor of a firearms manufacturing dynasty. [3] [6]

Contents

Subsidiaries

Europe

Luxembourg is Beretta Holding's headquarters. Beretta Holding holds the Fabbrica d’Armi Pietro Beretta company, as well as Italian replica firearms company A. Uberti. Beretta also holds two other Italian companies, Benelli Armi in Urbino and Meccanica Del Sarca in Pietramurata, Trentino. [7] [8]

In addition to its operations in Italy, Beretta holds several European companies, including Beretta Hellas in Athens, Espingardaria Belga in Lisbon, Holland & Holland in London, and Beretta Benelli Iberica in Trespuentes, Spain. Beretta has three subsidiaries in France, Chapuis Armes in Saint-Bonnet-le-Château and Humbert CTTS in Veauche, along with Cougar France which operates the Beretta Gallery retail store in Paris. [9] Beretta has one Swiss subsidiary, Outdoor Enterprise in Muralto, and two in Germany, Manfred Alberts GmbH in Wiehl-Bielstein and Steiner-Optik GmbH in Bayreuth. [10] In northern Europe, Beretta has the Finnish firearms manufacturer SAKO as well as UK distributor GMK Ltd, which owns the Beretta Gallery in London. [7] [11] [12]

North America

Beretta USA was founded in 1972 and based in Accokeek, Maryland. [13] It manufactures military, police, and civilian pistols. [14] United States sales produce over half of Beretta's revenue. [15] In May 2013 the company announced that, despite disagreements with the State of Maryland over recently enacted changes to Maryland gun control laws, it would not relocate its Accokeek facility. [16] As of 2014, the facility employed around 400 workers. [14]

In January 2014 Beretta announced the construction of a design and production facility in Gallatin, Tennessee to expand its US operations. [14] [17] On 22 July 2014, in a reversal of their 2013 decision to keep some production operations in Accokeek, Beretta announced that it would move all manufacturing from Maryland to the Gallatin facility, which was originally expected to manufacture machinery and new products only. Beretta stated that the decision was in response to further restrictions on firearms manufacturing being considered by the Maryland Legislature. [18] The new US$45 million facility, on a 100 acres (40 hectares) site in the Nashville area, was scheduled to be completed in early 2015 and ultimately employ 300 workers. [19] [20] However, construction was delayed by weather. [21]

Then-CEO Ugo Gussalli Beretta personally visited the Gallatin site and stated, regarding the new facility, "In return for our investment in jobs, facilities, and assistance to the local economy, we ask for respect and a supportive business climate. We deserve such respect. We make the standard sidearm for the U.S. armed forces. We also make firearms that police and consumers use to save their lives and the lives of others." [22] Beretta began moving equipment into the Gallatin plant once it received a certificate of occupancy in December 2015, and by January 2016 the plant was partially operational. [23] [24] On 15 April, the company celebrated its factory opening with a ribbon-cutting ceremony officiated by Tennessee Gov. Bill Haslam, Ugo Gussalli Beretta and his sons, Pietro and Franco. [25] [26] [27] [28]

The main office of Beretta USA remains in Accokeek, [13] as well as unspecified gunsmithing and repair operations. [29] [30] Beretta's I.T. support organization, 3 Arrows Services, remains in Accokeek, as does Stoeger Industries. [31] [32] Stoeger Canada is situated in Whitby, Ontario. [33] [34] The offices of Benelli USA are located in Accokeek with a warehouse located in Pocomoke City, Maryland. [7] Other North American companies include Cougar Corp., which operates the Beretta Gallery showcase store in New York City, [35] and two optics manufacturers, Burris Company in Greeley, Colorado and Steiner eOptics (formerly Laser Devices Inc.) in Monterey, California [7] [36] [37]

Through its Steiner subsidiary, on 31 December 2015, Beretta Holding acquired two electro-optics companies: STS in Beavercreek, Ohio; and Diffraction Ltd in Burlington, Vermont. [38] [39]

Others

The Beretta Defense Technologies (BDT) international business unit was created in 2012 [40] as an alliance of four companies owned by Beretta Holding (Beretta, Benelli, Sako and Steiner) to serve government, military and law enforcement customers. [41] [42]

Other International holdings include Turkish firearms manufacturer and distributor Stoeger Silah Sanayi in Istanbul, distributor Russian Eagle in Moscow, NightLaser Technologies in São Paulo and WanCai optical company in Chongqing. [7] [43]

Related Research Articles

<span class="mw-page-title-main">Accokeek, Maryland</span> Census-designated place in Maryland, United States

Accokeek, "at the edge of the hill" in Algonquin, is a census-designated place (CDP) located in Prince George's County, Maryland, United States. The CDP is located on the Potomac River, borders Charles County and is approximately 17 miles from Washington. It is a part of the Washington metropolitan area. The population of the CDP, as of the 2020 United States Census was 13,927.

<span class="mw-page-title-main">Beretta</span> Italian firearms manufacturer

Fabbrica d'Armi Pietro Beretta is a privately held Italian firearms manufacturing company operating in several countries. Its firearms are used worldwide for a variety of civilian, law enforcement, and military purposes. Sporting arms account for three-quarters of sales; Beretta is also known for marketing shooting clothes and accessories. Founded in 1526, Beretta is the oldest active firearm manufacturer as well as one of the oldest continuously operating companies in the World. Its inaugural product was the arquebus barrel; by all accounts Beretta-made barrels equipped the Venetian fleet at the Battle of Lepanto in 1571. Beretta has supplied weapons for every major European war since 1650.

<span class="mw-page-title-main">Table of handgun and rifle cartridges</span> Small arms cartridge data

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<span class="mw-page-title-main">Beretta 92</span> Type of semi-automatic pistol

The Beretta 92 is a series of semi-automatic pistols designed and manufactured by Beretta of Italy. The Beretta 92 was designed in 1975, and production began in 1976. Many variants in several calibers continue to be used to the present.

<span class="mw-page-title-main">Beretta 21A Bobcat</span> Semi-automatic pistol

The Beretta 21A Bobcat is a semi-automatic pocket pistol designed by Beretta in Italy. Production began in the late 1984, solely in the Beretta U.S.A. facility in Accokeek, Maryland. It is a further development of the Beretta Model 20, whose production ended in 1985.

The Benelli M4 is a semi-automatic shotgun produced by Italian firearm manufacturer Benelli Armi SpA, and the fourth and last model of the Benelli Super 90 line of semi-automatic shotguns. The M4 uses a proprietary action design called the "auto-regulating gas-operated" (ARGO) system, which was created specifically for the weapon. Designed in 1998, the M4 was adopted by the armed forces of Italy, the United States, and United Kingdom, among others, and has been used in a variety of conflicts.

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Sako Limited is a Finnish firearm and ammunition manufacturer located in Riihimäki, Tavastia Proper in southern Finland. It also has owned the Tikka brand of bolt-action rifles since 1983, and is now owned by the Italian firearm holding company Beretta Holding. The name Sako comes from the company's former name Suojeluskuntain Ase- ja Konepaja Oy.

A. Uberti, Srl., is an Italian manufacturer of high quality replicas of 19th century American percussion revolvers, carbines, and rifles as well as cartridge revolvers, single-shot rifles, and lever-action rifles. These replicas are commonly used by historical re-enactors, participants in action shooting sports such as cowboy action shooting, working ranchers and target shooters who prefer traditional-style firearms. Thanks to their quality, Uberti replicas are also sought after by collectors and historical firearm enthusiasts.

<span class="mw-page-title-main">Beretta U22 Neos</span> Pistol

The Beretta U22 Neos is a .22 Long Rifle semi-automatic, single-action pistol using a slide blow-back system, that has been manufactured in the United States since 2002 by Beretta USA. The pistol will accept interchangeable 4.5, 6 or 7.5 in barrels in blued or stainless steel finishes. Each barrel incorporates a built-in Weaver-style rail to accommodate optics or accessories. Beretta markets the Neos as a modern, reasonably priced pistol suitable for a beginner, yet is customizable to suit the experienced marksman.

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<span class="mw-page-title-main">Beretta ARX160</span> Assault rifle

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<span class="mw-page-title-main">Benelli MR1</span> Semi-automatic rifle

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<span class="mw-page-title-main">Beretta Nano</span> Italian compact semi-automatic pistol

The Beretta BU 9 Nano is a semi-automatic, striker fired, micro compact pistol line that was manufactured by Beretta USA in the United States at its Gallatin, Tennessee facility. Until 2016, it was manufactured at Beretta USA's main headquarters in Accokeek, Maryland. The Nano was introduced in October of 2011 and was chambered in 9mm Luger.

<span class="mw-page-title-main">Beretta APX</span> Semi-automatic pistol

The Beretta APX is a family of polymer-framed, modular, striker-fired semi-automatic pistols designed and produced by Beretta. The series began in 2016, starting with the full-size standard model. The line includes compact, concealed carry, and competition models. The improved APX A1 series was introduced in 2022.

Steiner-Optik is a manufacturer of optical equipment for the military, hunting and marine sector. The company is headquartered in Bayreuth, northern Bavaria, and has been part of the Beretta Group since 2008. Steiner manufactures products for the civilian market as well as for the defense industry. Its product range includes binoculars for military and police use, rifle scope sights and spotting scopes for hunting, seafaring, outdoor and ornithology. Every year 200,000 to 250,000 binoculars are produced, of which 80% are exported.

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References

  1. ↑ "Press Release". Beretta Holding. 10 June 2015. Retrieved 20 July 2015. A major influence on the sales results in year 2014 was a United States demand shortfall for civilian products, which was extraordinarily strong in FY 2013.
  2. ↑ "Financial Highlights". Beretta Holding. Retrieved 24 March 2023.
  3. 1 2 "Biography". Pietro Gussalli Beretta. 2014. Retrieved 20 July 2015.
  4. ↑ "Group Profile - Beretta Holding S.p.A." Beretta Holding S.p.A. Retrieved 23 June 2015.
  5. ↑ "Beretta Holding S.p.A.: Private Company Information". Businessweek. Bloomberg. Retrieved 21 July 2015.
  6. ↑ Martin, Guy (29 September 2014). "La Vita Beretta: At Home in Italy with the First Family of Firearms". Forbes Life. Retrieved 23 July 2015. To the best of the company's knowledge, Beretta was up and running as a concern for roughly 80 years by the time Bartolomeo Beretta got the big order for 185 harquebus barrels from the doge of Venice in 1526, which is the listed 'official' birth of the company.
  7. 1 2 3 4 5 "Global Presence - Beretta Holding S.p.A." Beretta Holding S.p.A. Retrieved 23 June 2015.
  8. ↑ "History". Benelli Armi S.p.A. Retrieved 24 March 2015. Benelli was acquired by Beretta in 1983.
  9. ↑ "Gallery Paris". Fabbrica d'Armi Pietro Beretta S.p.A. Retrieved 24 March 2015. Following the opening of the New York, Buenos Aires and Dallas Galleries, Beretta opened its first Gallery in Europe, coinciding with the 476th anniversary of the company in 2002.
  10. ↑ "Company Profile". Steiner-Optik GmbH. Retrieved 24 March 2015. Steiner-Optik was recently acquired by the Beretta Group.
  11. ↑ "OUR STORY". Sako Ltd. Retrieved 24 March 2015. At the turn of the millennium, Sako was honored to become a member of the Beretta Group, which gave access to new and advanced production methods enabling us to continuously refine our product development.
  12. ↑ "About Us". GMK Limited. Retrieved 24 March 2015. In 2006 Beretta, the major supplier to GMK bought 20% of the company. In March 2013, Beretta increased their share of the business to 60%.
  13. 1 2 "Beretta USA Corp". Bloomberg. Bloomberg L.P. Retrieved 6 June 2018.
  14. 1 2 3 Noble, Andrea. "Beretta building firearms plant in Tennessee worries Maryland". Washington Times . Retrieved 26 March 2014.
  15. ↑ "Europe's flourishing gunmakers - Trigger happy". The Economist . Paris. 24 February 2018. Retrieved 6 June 2018. The NRA has acknowledged the Beretta family as a high-ranking donor for giving more than $1m over the years, granting them the title of 'ring of freedom'.
  16. ↑ "Despite threats, Beretta plans to stay in Maryland for now. On 1/29/2014 Beretta announced it will build a manufacturing and R & D facility in the Nashville Tennessee area". Baltimoresun.com. May 24, 2013. Retrieved May 24, 2013.
  17. ↑ Harrison, Scott (21 February 2014). "Project Clover: Inside the deal for Beretta". Nashville Business Journal . Retrieved 21 July 2015. … wooing Beretta to Gallatin took nearly a year of negotiations and site visits, a dinner in a northern Italy vineyard and lunch in Gallatin with grits and ribs.
  18. ↑ Ward, Gehtan (July 22, 2014). "Beretta USA to move all manufacturing to Gallatin". Tennessean . Retrieved July 22, 2014.
  19. ↑ NRA Staff (29 January 2014). "Beretta USA Expanding Operations, Opening Facility in Tennessee". American Rifleman . Retrieved 23 March 2015. Only states that had a consistent history of support for and a likelihood of future support for Second Amendment rights were considered.
  20. ↑ Smith, Charlie (21 July 2015). "How Beretta USA Chose Gallatin" (PDF). ACEC Tennessee Newsletter (July–August 2015). Nashville: American Council of Engineering Companies of Tennessee. Retrieved 20 August 2015.
  21. ↑ Cross, Josh (10 April 2015). "Construction of Gallatin Beretta plant slowed by weather". Tennessean . Retrieved 21 July 2015. By the first quarter of 2016, Beretta expects to have close to 200 employees at the Gallatin facility…
  22. ↑ Beretta, Ugo Gussalli (4 February 2014). "BERETTA: Maryland disrespects us and gun owners, so we expand in Tennessee". Washington Times . Retrieved 23 March 2015.
  23. ↑ Nelson, Josh (8 January 2016). "Great plans for economic development in Gallatin's horizon". The Gallatin News. Retrieved 11 February 2016.
  24. ↑ "Beretta moving towards completion". The Gallatin News. 5 February 2016. Retrieved 11 February 2016. Fenton said the goal is to have an official ribbon-cutting at the plant in the middle of April.
  25. ↑ Schelzig, Erik (15 April 2016). "Gunmaker Beretta opening Tennessee plant". Salt Lake Tribune . AP . Retrieved 16 April 2016.
  26. ↑ Harrison, Scott (15 April 2016). "Step inside Beretta's new Gallatin plant, which one day will pump out 500,000 guns per year". Nashville Business Journal . Retrieved 16 April 2016.
  27. ↑ Cross, Josh (15 April 2016). "Beretta opens gun plant in Gallatin". Gallatin News Examiner . Retrieved 16 April 2016.
  28. ↑ Keefe, Mark (15 April 2016). "Keefe Report: Beretta—Open for Business in Tennessee". American Rifleman . Retrieved 16 April 2016.
  29. ↑ Keefe, Mark (2 September 2014). "Anatomy of a Move: An In-Depth Look at Beretta's Decision to Leave Maryland for Tennessee". American Rifleman . Retrieved 22 March 2015. When company leaders asked themselves, 'Where can we grow?' The obvious answer was 'not in Maryland.'
  30. ↑ Hunnicutt, Robert W. (23 July 2014). "The Other Shoe Drops: Beretta to End Maryland Production". Firearms News. Outdoor Sportsman Group . Retrieved 6 June 2018.
  31. ↑ "3 Arrows Services". 3 Arrows Services Inc. Archived from the original on 3 February 2015. Retrieved 24 March 2015. 3 Arrows Services, Inc. is a Company of the Beretta Holding Group
  32. ↑ "About Stoeger Industries". Stoeger Industries. Retrieved 24 March 2015. Stoeger Industries, established in 1924, is a member of the Benelli USA family of companies, located in Accokeek, Maryland.
  33. ↑ "About Us". Consumer Site. Stoeger Canada. Archived from the original on 2 April 2015. Retrieved 24 March 2015. Stoeger Canada is owned and operated as a subsidiary of Beretta Holdings.
  34. ↑ "Defense About Us". Beretta Defense Technologies. Stoeger Canada. Archived from the original on 2 April 2015. Retrieved 24 March 2015. In April 2007, a contract to supply the pistol model Px4 Storm to the Canada Borders Services Agency was signed.
  35. ↑ Kannapell, Andrea (11 June 1995). "NEIGHBORHOOD REPORT: UPPER EAT SIDE; Hunting for the Perfect Weapon? Try Mad Ave". New York Times . Retrieved 23 August 2015.
  36. ↑ "Burris Optics". Burris Company. Retrieved 24 March 2015. Burris Company is owned by Beretta Holding S.p.A.
  37. ↑ "The History of Laser Devices". Steiner Defense. Beretta, Inc. Archived from the original on 2 April 2015. Retrieved 24 March 2015. Laser Devices products are manufactured in our 34,000 square foot facility located along the scenic central coast of Monterey, California.
  38. ↑ "Beretta Holding acquires two companies in U.S., STS and Diffraction Ltd" (PDF). Beretta Holding. 4 January 2016. Retrieved 13 April 2016.
  39. ↑ "Italian optics firm Beretta acquires two U.S. companies". Agenzia Giornalistica Italia. 4 January 2016. Retrieved 13 April 2016.
  40. ↑ "Beretta Realigns Organization into Three Strategic Business Units". The Outdoor Wire. Outdoor Wire Digital Network. 5 February 2013. Retrieved 20 August 2015.
  41. ↑ Bush, Sam J. (6 May 2014). "Unified for the vital task". Jane's 360. IHS Inc. Retrieved 20 August 2015.
  42. ↑ "Beretta Defense Technologies Launches New Website". PoliceOne.com. 29 July 2015. Retrieved 20 August 2015.
  43. ↑ "Company Profile". Stoeger Silah Sanayi AS. Retrieved 24 March 2015. Since the beginning of 2002, Stoeger is owned by Beretta Holding.
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