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Apparently, Diemaco has been bought by Colt Defence. Another company is losing its Canadian owned and operated status... However, this purchase might help Diemaco fiancially as its previous owner, Héroux-Devtek Inc (an aerospace company), seemed to have been losing money.

Sources:

http://biz.yahoo.com/cnw/050210/e_herouxdevtek_result_1.html http://army.ca/forums/index.php/topic,26637.0.html http://army.ca/forums/index.php/topic,26639.0.html

Feb. 16 2005

Since being bought, Diemaco has become Colt Canada. -- MCG| ^(talk) 30 Aug 06

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