Beretta Holding

Beretta Holding is headquartered in Luxembourg. It is a holding company for the Italian industrial group and holds direct or indirect participation in 26 companies, including Beretta.[5][6] The eponymous company is managed by fifteenth-generation descendants of Maestro Bartolomeo Beretta, progenitor of a firearms manufacturing dynasty.[4][7]

Subsidiaries

Europe

Luxembourg is Beretta Holding's headquarters. Beretta Holding holds the Fabbrica d’Armi Pietro Beretta company, as well as Italian replica firearms company A. Uberti. Beretta also holds two other Italian companies, Benelli Armi in Urbino and Meccanica Del Sarca in Pietramurata, Trentino.[8][9]

In addition to its operations in Italy, Beretta holds several European companies, including Beretta Hellas in Athens, Espingardaria Belga in Lisbon, Holland & Holland in London, and Beretta Benelli Iberica in Trespuentes, Spain. Beretta has three subsidiaries in France, Chapuis Armes in Saint-Bonnet-le-Château and Humbert CTTS in Veauche, along with Cougar France which operates the Beretta Gallery retail store in Paris.[10] Beretta has one Swiss subsidiary, Outdoor Enterprise in Muralto, and two in Germany, Manfred Alberts GmbH in Wiehl-Bielstein and Steiner-Optik GmbH in Bayreuth.[11] In northern Europe, Beretta has the Finnish firearms manufacturer SAKO as well as UK distributor GMK Ltd, which owns the Beretta Gallery in London.[8][12][13]

North America

Beretta USA was founded in 1972 and based in Accokeek, Maryland.[14] It manufactures military, police, and civilian pistols.[15] United States sales produce over half of Beretta's revenue.[16] In May 2013 the company announced that, despite disagreements with the State of Maryland over recently enacted changes to Maryland gun control laws, it would not relocate its Accokeek facility.[17] As of 2014, the facility employed around 400 workers.[15]

In January 2014 Beretta announced the construction of a design and production facility in Gallatin, Tennessee to expand its US operations.[15][18] On 22 July 2014, in a reversal of their 2013 decision to keep some production operations in Accokeek, Beretta announced that it would move all manufacturing from Maryland to the Gallatin facility, which was originally expected to manufacture machinery and new products only. Beretta stated that the decision was in response to further restrictions on firearms manufacturing being considered by the Maryland Legislature.[19] The new US$45 million facility, on a 100 acre site in the Nashville area, was scheduled to be completed in early 2015 and ultimately employ 300 workers.[20][21] However, construction was delayed by weather.[22]

Then-CEO Ugo Gussalli Beretta personally visited the Gallatin site and stated, regarding the new facility, "In return for our investment in jobs, facilities, and assistance to the local economy, we ask for respect and a supportive business climate. We deserve such respect. We make the standard sidearm for the U.S. armed forces. We also make firearms that police and consumers use to save their lives and the lives of others."[23] Beretta began moving equipment into the Gallatin plant once it received a certificate of occupancy in December 2015, and by January 2016 the plant was partially operational.[24][25] On 15 April, the company celebrated its factory opening with a ribbon-cutting ceremony officiated by Tennessee Gov. Bill Haslam, Ugo Gussalli Beretta and his sons, Pietro and Franco.[26][27][28][29]

The main office of Beretta USA remains in Accokeek,[14] as well as unspecified gunsmithing and repair operations.[30][31] Beretta's I.T. support organization, 3 Arrows Services, remains in Accokeek, as does Stoeger Industries.[32][33] Stoeger Canada is situated in Whitby, Ontario.[34][35] The offices of Benelli USA are located in Accokeek with a warehouse located in Pocomoke City, Maryland.[8] Other North American companies include Cougar Corp., which operates the Beretta Gallery showcase store in New York City,[36] and two optics manufacturers, Burris Company in Greeley, Colorado and (formerly Laser Devices Inc.) in Monterey, California[8][37][38]

Through its Steiner subsidiary, on 31 December 2015, Beretta Holding acquired two electro-optics companies: STS in Beavercreek, Ohio; and Diffraction Ltd in Burlington, Vermont.[39][40]

Others

The Beretta Defense Technologies (BDT) international business unit was created in 2012[41] as an alliance of four companies owned by Beretta Holding (Beretta, Benelli, Sako and Steiner) to serve government, military and law enforcement customers.[42][43]

Other International holdings include Turkish firearms manufacturer and distributor Stoeger Silah Sanayi in Istanbul, distributor Russian Eagle in Moscow, NightLaser Technologies in São Paulo and WanCai optical company in Chongqing.[8][44]

As of March 25, 2026, Beretta Holding S.A. owns 9.95% of Sturm, Ruger & Co., making it the largest shareholder. Beretta has proposed acquiring an additional 20.05% stake to bring its total ownership to approximately 30%, though the tender offer faces resistance from the Ruger Board.[45]

References

  1. Beretta Holding: Strategic Investments Boost Financial Results berettaholding.com^
  2. Press Release Beretta Holding, 10 June 2015, retrieved 20 July 2015^
  3. Financial Highlights Beretta Holding, retrieved 24 March 2023^
  4. Biography Pietro Gussalli Beretta, 2014, retrieved 20 July 2015^
  5. Group Profile - Beretta Holding S.p.A. Beretta Holding S.p.A., retrieved 23 June 2015^
  6. Beretta Holding S.p.A.: Private Company Information Businessweek, Bloomberg, retrieved 21 July 2015^
  7. Guy Martin. La Vita Beretta: At Home in Italy with the First Family of Firearms Forbes Life, 29 September 2014, retrieved 23 July 2015^
  8. Global Presence - Beretta Holding S.p.A. Beretta Holding S.p.A., retrieved 23 June 2015^
  9. History Benelli Armi S.p.A., retrieved 24 March 2015^
  10. Gallery Paris Fabbrica d'Armi Pietro Beretta S.p.A., retrieved 24 March 2015^
  11. Company Profile Steiner-Optik GmbH, retrieved 24 March 2015^
  12. OUR STORY Sako Ltd., retrieved 24 March 2015^
  13. About Us GMK Limited, retrieved 24 March 2015^
  14. Beretta USA Corp. Bloomberg, Bloomberg L.P., retrieved 6 June 2018^
  15. Andrea Noble. Beretta building firearms plant in Tennessee worries Maryland Washington Times, retrieved 26 March 2014^
  16. Europe's flourishing gunmakers - Trigger happy The Economist, 24 February 2018, retrieved 6 June 2018^
  17. Despite threats, Beretta plans to stay in Maryland for now. On 1/29/2014 Beretta announced it will build a manufacturing and R & D facility in the Nashville Tennessee area. Baltimoresun.com, May 24, 2013, retrieved May 24, 2013^
  18. Scott Harrison. Project Clover: Inside the deal for Beretta Nashville Business Journal, 21 February 2014, retrieved 21 July 2015^
  19. Gehtan Ward. Beretta USA to move all manufacturing to Gallatin Tennessean, July 22, 2014, retrieved July 22, 2014^
  20. Beretta USA Expanding Operations, Opening Facility in Tennessee American Rifleman, 29 January 2014, retrieved 23 March 2015^
  21. Charlie Smith. How Beretta USA Chose Gallatin ACEC Tennessee Newsletter, American Council of Engineering Companies of Tennessee, 21 July 2015, retrieved 20 August 2015^
  22. Josh Cross. Construction of Gallatin Beretta plant slowed by weather Tennessean, 10 April 2015, retrieved 21 July 2015^
  23. Ugo Gussalli Beretta. BERETTA: Maryland disrespects us and gun owners, so we expand in Tennessee Washington Times, 4 February 2014, retrieved 23 March 2015^
  24. Josh Nelson. Great plans for economic development in Gallatin's horizon The Gallatin News, 8 January 2016, retrieved 11 February 2016^
  25. Beretta moving towards completion The Gallatin News, 5 February 2016, retrieved 11 February 2016^
  26. Erik Schelzig. Gunmaker Beretta opening Tennessee plant Salt Lake Tribune, 15 April 2016, retrieved 16 April 2016^
  27. Scott Harrison. Step inside Beretta's new Gallatin plant, which one day will pump out 500,000 guns per year Nashville Business Journal, 15 April 2016, retrieved 16 April 2016^
  28. Josh Cross. Beretta opens gun plant in Gallatin Gallatin News Examiner, 15 April 2016, retrieved 16 April 2016^
  29. Mark Keefe. Keefe Report: Beretta—Open for Business in Tennessee American Rifleman, 15 April 2016, retrieved 16 April 2016^
  30. Mark Keefe. Anatomy of a Move: An In-Depth Look at Beretta's Decision to Leave Maryland for Tennessee American Rifleman, 2 September 2014, retrieved 22 March 2015^
  31. Robert W. Hunnicutt. The Other Shoe Drops: Beretta to End Maryland Production Firearms News, Outdoor Sportsman Group, 23 July 2014, retrieved 6 June 2018^
  32. 3 Arrows Services 3 Arrows Services Inc, retrieved 24 March 2015^
  33. About Stoeger Industries Stoeger Industries, retrieved 24 March 2015^
  34. About Us Consumer Site, Stoeger Canada, retrieved 24 March 2015^
  35. Defense About Us Beretta Defense Technologies, Stoeger Canada, retrieved 24 March 2015^
  36. Andrea Kannapell. NEIGHBORHOOD REPORT: UPPER EAT SIDE; Hunting for the Perfect Weapon? Try Mad Ave. New York Times, 11 June 1995, retrieved 23 August 2015^
  37. Burris Optics Burris Company, retrieved 24 March 2015^
  38. The History of Laser Devices Steiner Defense, Beretta, Inc, retrieved 24 March 2015^
  39. Beretta Holding acquires two companies in U.S., STS and Diffraction Ltd Beretta Holding, 4 January 2016, retrieved 13 April 2016^
  40. Italian optics firm Beretta acquires two U.S. companies 4 January 2016, retrieved 13 April 2016^
  41. Beretta Realigns Organization into Three Strategic Business Units The Outdoor Wire, Outdoor Wire Digital Network, 5 February 2013, retrieved 20 August 2015^
  42. Sam J. Bush. Unified for the vital task Jane's 360, IHS Inc., 6 May 2014, retrieved 20 August 2015^
  43. Beretta Defense Technologies Launches New Website PoliceOne.com, 29 July 2015, retrieved 20 August 2015^
  44. Company Profile Stoeger Silah Sanayi AS, retrieved 24 March 2015^
  45. https://www.businesswire.com/news/home/20260325982782/en/Beretta-Holding-Sends-Letter-to-the-Ruger-Board-of-Directors-Regarding-All-Cash-Premium-Partial-Tender-Offer^