ordnance type private industry arms industry founded 1985 founders ted szabo and thanos polyzos headquarters charlotte north carolina united states products firearms owner cerberus capital management number of employees approx . 65 parent freedom group website www.para usa.com custom p14 45 para usa para is an american owned firearms manufacturer . it is the successor to para ordnance founded in canada in 1985 . it specializes in making m1911 style semi automatic pistols and components . contents 1 history 2 products 3 gallery 4 references 5 external links history edit para ordnance was founded in canada in 1985 by two childhood friends ted szabo and thanos polyzos . szabo was born in hungary and his family fled the country when the soviets invaded during the hungarian revolution in 1956 . 1 polyzos was born in greece and later emigrated to canada . 2 on march 28 2007 ted szabo died at the age of 60 . the company s first product was a plastic paintball gun the model 85 dye marking tactical machine pistol designed for police and military training purposes . 3 para ordnance mfg inc. had a factory in markham ontario canada . when last reported the company was estimated to have an annual revenue of over 9 million dollars and employ a staff of 60 . 4 in january 2009 it was announced that the u.s. headquarters for para ordnance s u.s. subsidiary para usa would be set up in pineville north carolina . eventually para ordnance moved to north carolina and became a totally u.s. company para usa . 5 in january 2012 para usa was acquired to become a part of the freedom group a consortium of firearms manufacturers owned by cerberus capital management a new york private equity investment firm . 5 remington is para usa s immediate corporate parent . since 2007 remington arms had been part of the remington outdoor company roc nyse 6 which is owned by cerberus capital management . freedom group had previously purchased marlin firearms and dpms panther arms in 2007 . cerberus combined dpms and other firearm companies with remington arms bushmaster firearms international and cobb manufacturing to form the freedom group . 7 in 2014 the six subsidiary companies that would relocate and consolidate into remington arms s new state of the art non union production facility in huntsville alabama were advanced armament corp lawrenceville georgia ; montana rifleman kalispell montana ; tapco kennesaw georgia ; lar manufacturing west jordan utah ; dpms panther arms st. cloud minnesota ; and para usa para ordnance pineville north carolina . 8 remington stated that it would consolidate its production from those six locations into huntsville in order to increase efficiency and reduce production and labor costs . 9 10 11 12 in february 2015 remington outdoor company announced that the integration of para usa into remington would occur with the move of para usa to remington s huntville alabama facility in march 2015 . 13 products edit para offers a wide range of products for the law enforcement military and civilian markets . para ordnance was the originator of a high magazine capacity m1911 style pistol . para ordnance was also the manufacturer of the first double action only 1911 style pistol . the company has created a true double stack 1911 pistol in addition to single and double stack pistols in .45 acp .40 s & w 9 mm parabellum and .38 super calibers . para pistols have found a variety of uses including competition law enforcement concealed carry and general shooting . the introduction of the lda light double action allowed law enforcement agencies to use 1911 style pistols while still addressing the perceived liability issues of a single action pistol . in 2009 para ordnance announced the ttr tactical target rifle which featured an over the barrel delayed gas blowback system dubbed digs which lessens recoil when compared with a traditional gas system . the ttr also relocated the recoil spring assembly over the barrel and under the handguard allowing it to have a true folding stock . 14 production ceased in 2011 when para usa exited the rifle market . 15 gallery edit a p14 45 magazine . a para usa recon commander high capacity ion bond finish para usa elite commander alloy frame ion bond finish references edit http findarticles.com p articles mi m0bqy is 8 53 ai n19313650 dead link phil w. johnston 2002 . para ordnance 7.45 companion takes browning design to dao . gunweek.com . retrieved 2015 01 22 . handguns . gun digest . july 2 2012 . p. 76 . para ordnance manufacturing scarborough on m1x 1c3 . manta.com . retrieved 2015 01 22 . a b breaking news freedom group acquires para usa handguns . handgunsmag.com . january 30 2012 . retrieved 2015 01 22 . miniter frank . americas oldest gun maker thumbs its nose at a two faced senator charles schumer . forbes . dpms acquired by cerberus . joins bushmaster and remington . . accurateshooter.com . remington arms moving two assembly lines from ilion to alabama because of ny safe act senator says . syracuse.com . may 16 2014 . remington to move production of two gun lines from new york to alabama remington arms moving 1200 jobs from ny to alabama minnesota st. cloud based gun maker moving to alabama st. cloud gunmaker moving to alabama remington announces para integration . february 9 2015 . retrieved june 24 2015 . mike detty february 1 2009 . para usa tactical target rifle . police magazine . retrieved january 1 2015 . johnson steve october 3 2011 . para usa exits rifle market . the firearm blog . retrieved january 23 2012 . external links edit official para usa homepage v t e freedom group subsidiaries advanced armament corporation bushmaster firearms international h & r firearms para usa remington arms dpms panther arms marlin firearms advanced armament corporation 300 aac blackout h & r firearms h & r handy gun m50 reising v t e cerberus capital management banks bawag p.s.k. albertsons acme markets albertsons amigos carrs haggen jewel osco lucky market street pavilions randalls safeway shaw s and star market super saver tom thumb united supermarkets vons freedom group advanced armament corporation barnes bullets bushmaster firearms international dakota arms dpms panther arms h & r firearms marlin mountain khakis para usa parker gunmakers remington arms tapco yp holdings yp connecticut information services yp midwest publishing yp southeast advertising & publishing yp texas region yellow pages yp western directory yellowpages.com other blue bird corporation bluelinx holdings dyncorp hawaiian telcom silverleaf resorts spyglass entertainment steward health care system tower international retrieved from https en.wikipedia.org w index.php title para usa & oldid 723063891 categories cerberus capital management companiesfirearm manufacturers of canadahidden categories all articles with dead external linksarticles with dead external links from january 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces 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