Beretta Holding
{{Short description|Italian defence company}}
{{Primary sources|date=January 2023}}
{{Infobox company
| name =
| logo = Beretta_Holding_Logo.png
| logo_size = 238px
| type = Private
| genre =
| fate =
| predecessor =
| successor =
| foundation = 2018
| founder =
| defunct =
| location = Luxembourg
| locations =
| area_served =
| key_people = {{ublist|class=nowrap |Pietro Gussalli Beretta CEO |Franco Gussalli Beretta Exec VP}}
| industry =
| products = {{ublist|class=nowrap |Small arms |Sporting goods |
Clothing & accessories |Optoelectronics}}
| brands = {{hlist |Beretta |Benelli |Franchi |A. Uberti |Stoeger |Sako |Tikka |Chapuis Armes |Steiner |Burris}}
| services =
| market cap =
| revenue = {{increase}} €1.4 billion (2022){{cite|title=Beretta Holding: Strategic Investments Boost Financial Results|url=https://berettaholding.com/beretta-holding-strategic-investments-boost-impressive-financial-results/|website=berettaholding.com}}
| operating_income = {{increase}} €216.60 million (2021)
| net_income = {{increase}} €145.90 million (2021)
| aum =
| assets =
| equity = {{increase}} €901.50 million (2021)
| owner =
| num_employees = {{increase}} 3,388 (2021)
| parent =
| divisions =
| subsid =
| homepage = [http://www.berettaholding.com/en/ www.berettaholding.com]
| footnotes = {{cite web|title=Press Release|url=http://www.berettaholding.com/en/press/13|website=Beretta Holding|access-date=20 July 2015|date=10 June 2015|quote=A major influence on the sales results in year 2014 was a United States demand shortfall for civilian products, which was extraordinarily strong in FY 2013.}}{{cite web|title=Financial Highlights|url=https://www.berettaholding.com/en/financial-highlights|website=Beretta Holding|access-date=24 March 2023}}{{cite web|title=Biography|url=http://www.pietrogussalliberetta.it/en/biography/|publisher=Pietro Gussalli Beretta|access-date=20 July 2015|date=2014}}
| intl =
}}
Beretta Holding is headquartered in Luxembourg. It is an holding company for the Italian industrial group and holds direct or indirect participation in 26 companies.{{cite web|title=Group Profile - Beretta Holding S.p.A.|url=http://www.berettaholding.com/en/group-profile|publisher=Beretta Holding S.p.A.|access-date=23 June 2015}}{{cite web|title=Beretta Holding S.p.A.: Private Company Information|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=7900861|website=Businessweek|publisher=Bloomberg|access-date=21 July 2015}} The eponymous company is managed by fifteenth-generation descendants of Maestro Bartolomeo Beretta, progenitor of a firearms manufacturing dynasty.{{cite journal|last1=Martin|first1=Guy|title=La Vita Beretta: At Home in Italy with the First Family of Firearms|journal=Forbes Life|date=29 September 2014|url=https://www.forbes.com/sites/forbeslifestyle/2014/09/10/inside-the-beretta-empire-a-fashion-line-hunting-lodges-and-an-italian-villa/|access-date=23 July 2015|quote=To the best of the company's knowledge, Beretta was up and running as a concern for roughly 80 years by the time Bartolomeo Beretta got the big order for 185 harquebus barrels from the doge of Venice in 1526, which is the listed 'official' birth of the company.}}
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.{{cite web|title=Global Presence - Beretta Holding S.p.A.|url=http://www.berettaholding.com/en/global-presence|publisher=Beretta Holding S.p.A.|access-date=23 June 2015}}{{cite web|title=History|url=http://www.benelli.it/en/content/benelli-history|publisher=Benelli Armi S.p.A.|access-date=24 March 2015|quote=Benelli was acquired by Beretta in 1983.}}
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.{{cite web|title=Gallery Paris|url=http://en.paris.berettagallery.com/|publisher=Fabbrica d'Armi Pietro Beretta S.p.A.|access-date=24 March 2015|quote=Following the opening of the New York, Buenos Aires and Dallas Galleries, Beretta opened its first Gallery in Europe, coinciding with the 476th anniversary of the company in 2002.}} 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.{{cite web|title=Company Profile|url=http://www.steiner.de/en/history.php|publisher=Steiner-Optik GmbH|access-date=24 March 2015|quote=Steiner-Optik was recently acquired by the Beretta Group.}} In northern Europe, Beretta has the Finnish firearms manufacturer SAKO as well as UK distributor GMK Ltd, which owns the Beretta Gallery in London.{{cite web|title=OUR STORY|url=http://www.sako.fi/our-story|publisher=Sako Ltd.|access-date=24 March 2015|quote=At the turn of the millennium, Sako was honored to become a member of the Beretta Group, which gave access to new and advanced production methods enabling us to continuously refine our product development.}}{{cite web|title=About Us|url=http://www.gmk.co.uk/index.php?p=about|publisher=GMK Limited|access-date=24 March 2015|quote=In 2006 Beretta, the major supplier to GMK bought 20% of the company. In March 2013, Beretta increased their share of the business to 60%.}}
=North America=
Beretta USA was founded in 1972 and based in Accokeek, Maryland.{{cite web |author1= |title=Beretta USA Corp. |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4278239 |website=Bloomberg |publisher=Bloomberg L.P. |access-date=6 June 2018}} It manufactures military, police, and civilian pistols.{{cite web|last=Noble|first=Andrea|title=Beretta building firearms plant in Tennessee worries Maryland|url=http://www.washingtontimes.com/news/2014/jan/29/beretta-announces-tennessee-plant-says-its-not-lea/|work= Washington Times |access-date=26 March 2014}} United States sales produce over half of Beretta's revenue.{{cite news |author1= |title=Europe's flourishing gunmakers - Trigger happy |url=https://www.economist.com/business/2018/02/24/europes-flourishing-gunmakers |access-date=6 June 2018 |work=The Economist |date=24 February 2018 |location=Paris |quote=The NRA has acknowledged the Beretta family as a high-ranking donor for giving more than $1m over the years, granting them the title of 'ring of freedom'.}} 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.{{cite web |url=http://www.baltimoresun.com/business/bs-bz-beretta-to-stay-20130524,0,2293801.story |title=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.|publisher=Baltimoresun.com |date=May 24, 2013 |access-date=May 24, 2013}} As of 2014, the facility employed around 400 workers.
In January 2014 Beretta announced the construction of a design and production facility in Gallatin, Tennessee to expand its US operations.{{cite news|last1=Harrison|first1=Scott|title=Project Clover: Inside the deal for Beretta|url=http://www.bizjournals.com/nashville/print-edition/2014/02/21/whiskey-guitars-and-guns.html|access-date=21 July 2015|work= Nashville Business Journal |date=21 February 2014|quote=… wooing Beretta to Gallatin took nearly a year of negotiations and site visits, a dinner in a northern Italy vineyard and lunch in Gallatin with grits and ribs.}} 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.{{cite news |last1=Ward |first1=Gehtan |title=Beretta USA to move all manufacturing to Gallatin |url=http://www.tennessean.com/story/money/2014/07/22/beretta-usa-move-manufacturing-gallatin/13009121/ |newspaper= Tennessean |access-date=July 22, 2014 |date=July 22, 2014}} The new US$45 million facility, on a {{convert|100|acre|abbr=off}} site in the Nashville area, was scheduled to be completed in early 2015 and ultimately employ 300 workers.{{cite news|author1=NRA Staff|title=Beretta USA Expanding Operations, Opening Facility in Tennessee|url=http://www.americanrifleman.org/articles/2014/1/29/beretta-usa-expanding-operations-opening-facility-in-tennessee/|access-date=23 March 2015|work= American Rifleman |date=29 January 2014|quote=Only states that had a consistent history of support for and a likelihood of future support for Second Amendment rights were considered.}}{{cite journal|last1=Smith|first1=Charlie|title=How Beretta USA Chose Gallatin|journal=ACEC Tennessee Newsletter|date=21 July 2015|issue=July–August 2015|url=http://acectn.com/wordpress/wp-content/uploads/ACEC-JulyAugust-Newsletter-Final1.pdf|access-date=20 August 2015|publisher=American Council of Engineering Companies of Tennessee|location=Nashville}} However, construction was delayed by weather.{{cite news|last1=Cross|first1=Josh|title=Construction of Gallatin Beretta plant slowed by weather|url=http://www.tennessean.com/story/news/local/gallatin/2015/04/10/construction-gallatin-beretta-plant-slowed-weather/25585995/|access-date=21 July 2015|work= Tennessean |date=10 April 2015|quote=By the first quarter of 2016, Beretta expects to have close to 200 employees at the Gallatin facility…}}
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."{{cite news|last1=Beretta|first1=Ugo Gussalli|title=BERETTA: Maryland disrespects us and gun owners, so we expand in Tennessee|url=http://www.washingtontimes.com/news/2014/feb/4/beretta-seeking-the-respect-of-the-second-amendmen/|access-date=23 March 2015|work= Washington Times |date=4 February 2014}} 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.{{cite news|last1=Nelson|first1=Josh|title=Great plans for economic development in Gallatin's horizon|url=http://www.gallatinnews.com/great-plans-for-economic-development-in-gallatin-s-horizon-cms-15497|access-date=11 February 2016|work=The Gallatin News|date=8 January 2016}}{{cite news|title=Beretta moving towards completion|url=http://www.gallatinnews.com/beretta-moving-towards-completion-cms-15724|access-date=11 February 2016|work=The Gallatin News|date=5 February 2016|quote=Fenton said the goal is to have an official ribbon-cutting at the plant in the middle of April.}} 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.{{cite news|last1=Schelzig|first1=Erik|title=Gunmaker Beretta opening Tennessee plant|url=http://www.sltrib.com/home/3782532-155/gunmaker-beretta-opening-tennessee-plant|access-date=16 April 2016|work=Salt Lake Tribune|agency=AP|date=15 April 2016}}{{cite news|last1=Harrison|first1=Scott|title=Step inside Beretta's new Gallatin plant, which one day will pump out 500,000 guns per year|url=http://www.bizjournals.com/nashville/blog/2016/04/step-inside-beretta-s-new-gallatin-plantwhich-one.html|access-date=16 April 2016|work=Nashville Business Journal|date=15 April 2016}}{{cite news|last1=Cross|first1=Josh|title=Beretta opens gun plant in Gallatin|url=http://www.tennessean.com/story/news/local/sumner/gallatin/2016/04/15/beretta-opens-gun-plant-gallatin/82741710/|access-date=16 April 2016|work=Gallatin News Examiner|date=15 April 2016}}{{cite news|last1=Keefe|first1=Mark|title=Keefe Report: Beretta—Open for Business in Tennessee|url=http://www.americanrifleman.org/articles/2016/4/15/keefe-report-beretta-open-for-business-in-tennessee/|access-date=16 April 2016|work= American Rifleman |date=15 April 2016}}
The main office of Beretta USA remains in Accokeek, as well as unspecified gunsmithing and repair operations.{{cite news|last1=Keefe|first1=Mark|title=Anatomy of a Move: An In-Depth Look at Beretta's Decision to Leave Maryland for Tennessee|url=http://www.americanrifleman.org/articles/2014/9/2/anatomy-of-a-move-an-in-depth-look-at-berettas-decision-to-leave-maryland-for-tennessee/|access-date=22 March 2015|work= American Rifleman |date=2 September 2014|quote=When company leaders asked themselves, 'Where can we grow?' The obvious answer was 'not in Maryland.'}}{{cite news |last1=Hunnicutt |first1=Robert W. |title=The Other Shoe Drops: Beretta to End Maryland Production |url=http://www.firearmsnews.com/news/shoe-drops-beretta-end-maryland-production/ |access-date=6 June 2018 |work=Firearms News |publisher=Outdoor Sportsman Group |date=23 July 2014}} Beretta's I.T. support organization, 3 Arrows Services, remains in Accokeek, as does Stoeger Industries.{{cite web|url=http://www.3arrows.us/index.html|title=3 Arrows Services|access-date=24 March 2015|publisher=3 Arrows Services Inc|quote=3 Arrows Services, Inc. is a Company of the Beretta Holding Group|archive-url=https://web.archive.org/web/20150203185052/http://www.3arrows.us/index.html|archive-date=3 February 2015|url-status=dead}}{{cite web|title=About Stoeger Industries|url=http://www.stoegerindustries.com/about|website=Stoeger Industries|access-date=24 March 2015|quote=Stoeger Industries, established in 1924, is a member of the Benelli USA family of companies, located in Accokeek, Maryland.}} Stoeger Canada is situated in Whitby, Ontario.{{cite web|title=About Us|url=http://www.stoegercanada.ca/consumer/AboutUs|website=Consumer Site|publisher=Stoeger Canada|access-date=24 March 2015|quote=Stoeger Canada is owned and operated as a subsidiary of Beretta Holdings.|archive-url=https://web.archive.org/web/20150402134211/http://www.stoegercanada.ca/consumer/AboutUs|archive-date=2 April 2015|url-status=dead}}{{cite web|title=Defense About Us|url=http://www.stoegercanada.ca/consumer/AboutUs|website=Beretta Defense Technologies|publisher=Stoeger Canada|access-date=24 March 2015|quote=In April 2007, a contract to supply the pistol model Px4 Storm to the Canada Borders Services Agency was signed.|archive-url=https://web.archive.org/web/20150402134211/http://www.stoegercanada.ca/consumer/AboutUs|archive-date=2 April 2015|url-status=dead}} The offices of Benelli USA are located in Accokeek with a warehouse located in Pocomoke City, Maryland. Other North American companies include Cougar Corp., which operates the Beretta Gallery showcase store in New York City,{{cite news|last1=Kannapell|first1=Andrea|title=NEIGHBORHOOD REPORT: UPPER EAT SIDE; Hunting for the Perfect Weapon? Try Mad Ave.|url=https://www.nytimes.com/1995/06/11/nyregion/neighborhood-report-upper-eat-side-hunting-for-the-perfect-weapon-try-mad-ave.html|access-date=23 August 2015|work= New York Times |date=11 June 1995}} and two optics manufacturers, Burris Company in Greeley, Colorado and {{Proper name|Steiner eOptics}} (formerly Laser Devices Inc.) in Monterey, California{{cite web|title=Burris Optics|url=http://www.burrisoptics.com/|website=Burris Company|access-date=24 March 2015|quote=Burris Company is owned by Beretta Holding S.p.A.}}{{cite web|title=The History of Laser Devices|url=http://www.steiner-defense.com/history-laser-devices|website=Steiner Defense|publisher=Beretta, Inc|access-date=24 March 2015|quote=Laser Devices products are manufactured in our 34,000 square foot facility located along the scenic central coast of Monterey, California.|archive-url=https://web.archive.org/web/20150402102300/http://www.steiner-defense.com/history-laser-devices|archive-date=2 April 2015|url-status=dead}}
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.{{cite web|title=Beretta Holding acquires two companies in U.S., STS and Diffraction Ltd|url=http://www.berettaholding.com/uploads/news/ENG-Beretta-Holding-press-release-STS_1.pdf|publisher=Beretta Holding|access-date=13 April 2016|date=4 January 2016}}{{cite news|title=Italian optics firm Beretta acquires two U.S. companies|url=http://www.agi.it/economia/2016/01/04/news/italian_optics_firm_beretta_acquires_two_u_s_companies-370216/|access-date=13 April 2016|agency=Agenzia Giornalistica Italia|date=4 January 2016|language=English}}
=Others=
The Beretta Defense Technologies (BDT) international business unit was created in 2012{{cite web|title=Beretta Realigns Organization into Three Strategic Business Units|url=http://www.theoutdoorwire.com/story/1360055122xc4hggyw1au|website=The Outdoor Wire|publisher=Outdoor Wire Digital Network|access-date=20 August 2015|date=5 February 2013}} as an alliance of four companies owned by Beretta Holding (Beretta, Benelli, Sako and Steiner) to serve government, military and law enforcement customers.{{cite web|last1=Bush|first1=Sam J.|title=Unified for the vital task|url=http://www.janes.com/article/37445/unified-for-the-vital-task|website=Jane's 360|publisher=IHS Inc.|access-date=20 August 2015|date=6 May 2014}}{{cite web|title=Beretta Defense Technologies Launches New Website|url=http://www.policeone.com/police-products/press-releases/8692010-beretta-defense-technologies-launches-new-website|website=PoliceOne.com|access-date=20 August 2015|date=29 July 2015}}
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.{{cite web|title=Company Profile|url=http://www.stoeger.com.tr/eng//sayfam/1764/Firma.htm|website=Stoeger Silah Sanayi AS|access-date=24 March 2015|quote=Since the beginning of 2002, Stoeger is owned by Beretta Holding.}}
References
{{Reflist|30em}}
External links
{{Commons category}}
- {{Official website}}
{{Beretta Holding}}