Super Lawyers
The top Attorneys in Virginia and
the Washington, D.C. metropolitan
area, only 5% of the attorneys
in the state are named in SuperLawyers
ATA NBTA | The National Board of Trial Advocacy Association of Trial Lawyers of America Virginia Trial Lawyers Association National Asociation of Distinguished Counsel | Nation's Top One Percent | NADC

FN Manufacturing and FNH USA to merge

FNH USA, a Virginia company, will be merging with FN Manufacturing to create a new entity known as FN America. This should end some of the confusion that has existed about the two separate companies and their names. The planned merger was announced May 6 by the chief executive officer of Herstal Group, the Belgium company that owns the American side of Fabrique Nationale. Although the two companies will now be merged into one, their production side will remain in Columbia, South Carolina, and their business and management side will remain in McLean, Virginia.

Mark Cherpes, president of FNH USA, will serve as president of the new company. The president of FN Manufacturing will stay on in an advisory role. Cherpes says that the merger is designed to build a stronger, more agile company that is poised to meet the present and future needs of the U.S. market. Company officials also believe the merger will be beneficial in managing the production needs of its military and law enforcement product lines.

The Herstal Group has been in business 125 years. Its FN America companies manufacture firearms, including rifles and pistols. It is unknown as to whether the Winchester Arms Company and the Browning Arms Company, which are also owned by the Herstal Group, will be affected by the merger.

During a new business formation, it is critical to choose the business structure that will best facilitate company growth and minimize taxes. Whether a company is structured as a corporation, a limited liability company or another type of entity requires detailed knowledge of the company's goals as well as a thorough understanding of state business law.

Source: Guns.com, "FN and FNH to consolidate U.S. operations into FN America", Daniel Terrill , June 09, 2014

No Comments

Leave a comment
Comment Information

DISCLAIMER: This website is designed to provide only general information; nothing contained herein constitutes legal advice nor is it an offer of legal representation. Use of this website is not intended in any way to create or convey the impression that such use of the website by any person, organization, or entity of any nature and/or kind constitutes any attorney-client relationship whatsoever and any information provided in this website shall not constitute legal advice. The use of any electronic communication available through this website with the Law Office of Richard L. Downey or any person associated with this website shall not constitute attorney-client relationship nor will any communication received by the Law Office of Richard L. Downey constitute an attorney-client communication. The Law Office of Richard L. Downey cannot make any guarantees as to the accuracy or currency of any information contained in or created in this website or the use of any link to another website contained in this website. The information that you obtain at this website is not, nor is it intended to be legal advice. You should consult a lawyer for individual advice concerning your own particular situation.

*The National Board of Trial Advocacy is accredited by the American Bar Association. Currently there is no procedure in the Commonwealth of Virginia for approving certifying organizations.