The story
The company was formed in 1974 under Devtek Corporation, effectively replacing the arms supply from government owned Canadian Arsenal Limited.
In 2000, it was acquired by Héroux-Devtek Inc.
On May 20, 2005, it was acquired by Colt Defense for $18.2 million. As a result, Héroux-Devtek revamped the Aerospace and Defense division to the Aerospace division.
Colt Canada relaunched the brand in 2014.
From Wikipedia’s article on Diemaco, shared under CC BY-SA 4.0.3