Para-Ordnance
Overview
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
firearm
Firearm
A firearm is a weapon that launches one, or many, projectile at high velocity through confined burning of a propellant. This subsonic burning process is technically known as deflagration, as opposed to supersonic combustion known as a detonation. In older firearms, the propellant was typically...
s manufacturer founded in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
in 1985 by two childhood friends, Ted Szabo and Thanos Polyzos. Szabo was born in Hungary and his family fled the country when the Russians invaded during the Hungarian Revolution in 1956. Polyzos was born in Greece and later immigrated to Canada.
Para-ordance has a factory in Scarborough, Ontario, Canada. The company is estimated to have an annual revenue of over $10 million dollars and employs a staff of 60.
The company originally started out as manufacturing sub-machine gun paintball guns, but under the direction of CEO Ted Szabo the company soon transited to the manufacturing of handguns.
On March 28, 2007 Ted Szabo died at the age of 60.