Powell Max Limited Announces Strategy to Build a Defense and Security Group, Beginning with Proposed Remington Firearms Transaction
Key Highlights
- ➤PMAX announces a planned defense and security acquisition roll-up strategy
- ➤Blackrod transaction remains proposed; PMAX owns an initial 1.5% stake
- ➤PMAX has no agreements with drone, cybersecurity or other defense companies
- ➤PMAX has not secured funding for the roll-up strategy or Blackrod transaction
- ➤Strategy establishes no acquisition timetable, revenue target or assurance of results
Expert Statements
Geordan Pursglove, Chairman and Chief Executive Officer of Powell Max
“We intend to build a defense and security business that brings together the products, technology and manufacturing capabilities needed to protect people, critical assets and national interests.”
Geordan Pursglove, Chairman and Chief Executive Officer of Powell Max
“The proposed Remington transaction is the first step toward that goal.”
Geordan Pursglove, Chairman and Chief Executive Officer of Powell Max
“We plan to explore opportunities where we believe a well-capitalized group could help businesses develop and grow.”
Geordan Pursglove, Chairman and Chief Executive Officer of Powell Max
“We intend to pursue acquisitions only at sensible valuations and to focus on capabilities that customers can use.”
Company intends to explore future opportunities in interceptor drone and counter-drone systems, cybersecurity and critical infrastructure protection
BOCA RATON, Fla., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) ("Powell Max," "PMAX" or the "Company") today announced its intention to enter the defense and security sector. The Company plans to do so through a strategy of acquiring and consolidating complementary defense, technology, manufacturing and protection businesses.
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