got this e-mail from GSI today.....
Translated Article from the Upper Austrian News.
Steyr Austria: The gun company Steyr Mannlicher has a new owner, and now belongs to Cura Investment holdings, based in Wiener Neustadt, Austria. The contracts have been signed between Creditenstaldt Bank (the past owner) and Mr. Wolfgang Furhlinger of Cura Investments.
The complete company will go to Cura (Land and Manufacturing facility). It was thought until the end, and had been previously reported, that BMW would purchase the Mannlicher acres for the expansion of their engine manufacturing facility, which lies adjacent to the Steyr Mannlicher property. Creditenstaldt Bank was ready to sell the property separate from the company (Steyr Mannlicher) but apparently BMW and the bank could not agree over the price.
The Upper Austrian born, Wolfgang Furhlinger, is an avid hunter and wants to rebuild Steyr Mannlicher and put them in a more prominent position in the firearms industry.
Even though this transitional phase will impact product deliveries this year, GSI and Steyr Mannlicher feel that this new ownership change will ultimately have a positive impact on the future of GSI and Steyr Mannlicher.
GSI feels very strong about Mr. Furhlingers capabilities to lead Steyr Mannlicher in a positive direction. We are looking forward to our future relationship with Steyr Mannlicher.
Best regards,
Pete Yates
Sales Manager
GSI,Inc.