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. Polyzos was born in Greece and later emigrated to Canada. 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 law enforcement and military training purposes. 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. 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. 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. 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. 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. 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. 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 Huntsville, Alabama facility in March 2015. This also included the cessation of the Para name as a separate brand in the Freedom Group. ==Products==