Barrett Firearms Acquired By NIOA Group of Australia

January 24, 2023 – Barrett Firearms is acquired by NIOA Group in Australia. NIOA, Australia’s defense contractor, has announced that Barrett Firearms, a world-leader in rifle design and manufacturing, has been 100% purchased by NIOA. The financial terms of the transaction are not known. American Barrett’s factory in Murfreesboro, Tennessee will continue to be operational. All workers will be retained. Ronnie Barrett and Chris Barrett will be NIOA Group’s executive advisors. Robert Nioa, CEO of NIOA Group, said that the two family-owned businesses came together because they shared a commitment to quality and innovation. We are inspired by Barrett’s story and admire the work of Chris, Ronnie and their family over the past four decades. We share the same mission. Combining our expertise and family business values will ensure Barrett continues to build the best products in the world. Nioa confirmed that the company would continue to operate as a separate division within NIOA Group, alongside NIOA Australia and NIOA New Zealand and the Australian Missile Corporation. He also mentioned the group’s investment into joint venture company Rheinmetall NIOA munitions. Jim Shephard, Outdoor Wire Editor, interviewed Robert Nioa. Jim pointed out that Barrett’s production will continue in the USA. “There’s absolutely zero intention to move Barrett anywhere.” Nioa stated that he doesn’t want to move Barrett and that he wants to grow it beyond its current state. He also said that he loves Murfreesboro. We aren’t going anywhere. “All employees and management at the Murfreesboro manufacturing plant in Tennessee have been retained. Production will continue as usual. It is expected that Murfreesboro’s manufacturing activities will expand over time. Barrett President Sam Shallenberger was promoted to the position of Chief Executive Officer as part of the NIOA acquisition. Long-serving Barrett Chief Operative Officer Bryan James will become President. Ronnie Barrett, Chris Barrett, and the NIOA Group will continue to support Barrett and the NIOA Group as executive advisors. Barrett founder Ronnie Barrett stated that today marks the beginning of a new chapter. Rob and the NIOA team are proud of the legacy Barrett has left as the world’s leader in long-range precision rifles. It is comforting to know Barrett will be in the good hands of a family-owned business that is focused on producing and delivering world-class firearms to a global network. NIOANIOA is Australia’s largest supplier of firearms, ammunition, weapons, and weapons to the Australian and New Zealand military forces, law enforcement agencies, as well as commercial markets. It has long-standing relationships with American companies like Vista Outdoors, General Dynamics and Northrup Grumman. NIOA is also a major tenant at the Australian government’s contractor-operated (GOCO), munitions facility at Benalla, Victoria. There NIOA currently manufactures 120mm munitions for the Abrams tank along with 30mm and 35mm cannon ammunition.The company is contracted to deliver major weapons programs for the Australian and New Zealand militaries and has recently established an artillery shell forging factory in Maryborough, Queensland in a joint venture with Rheinmetall of Germany.About Barrett FirearmsBarrett has been a family-owned and operated company and the world leader in long-range, large-caliber, precision rifle design and manufacturing.Barrett products are used by civilians, sport shooters, law enforcement agencies, the United States military and more than 75 U.S. DOS-approved countries around the world.The Barrett Quality Management System (QMS) has earned the prestigious ISO 9001:2015 certification for the design and manufacture of firearms, ammunition, and accessories, and for sniper systems training. Similar Posts:Tags: Barret M22 Rifle, Barrett Firearms, John Nioa, NIOA, NIOA Australia, Tennessee Factory