It took a little longer to close the previously reported deal, but I received word this morning that Para USA is now under the wings of Freedom Group, Inc. This rounds out FGI’s portfolio by adding the groups only pistol manufacturer.

In a release issued today, FGI gives up little but the basics. No word about the terms or cost of the acquisition. This

“We welcome Para into the Freedom Group Family of Companies,” stated. E. Scott Blackwell, Chief Sales and Marketing Officer of Freedom Group Inc. “Para USA is a leader in handgun technology and their fine products exemplify quality, innovation and performance. Para is a perfect complement to our industry-leading family of brands, and our success in 2011 with the Remington R1 – 1911. We look forward to deploying both human and financial resources to continue to develop and supply current and future handguns for consumers and our channel partners. We also wish to thank all its employees for their continued dedication that has made Para a success.”

Para will continue day-to-day operations at their Pineville, NC based facility.