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For those who may not have heard...the following is an excerpt from a Shot Show announcement:
SHOT Show Roundup - A New Player Gets Behind The AR-15 Platform
The big news at this year's SHOT Show, Feb. 2-5, 2008, was the newfound prominence of Cerberus Capital Management as a major player in the firearms industry. Probably best known to the general public for its recent acquisition of controlling interests in Chrysler Corp. and GMAC Financial Services, since April 2006 Cerberus has acquired Bushmaster Firearms, Remington, and DPMS Panther Arms. In addition, since joining the Cerberus family, Bushmaster has acquired Cobb Manufacturing, while Remington purchased Marlin Firearms, which already owns H&R 1871 and New England Firearms, putting four more prominent industry names under the Cerberus umbrella.
A private investment firm with a reputation for buying under-valued companies and investing in their long-term growth, Cerberus appears genuinely committed to developing its firearm industry acquisitions. Under its direction, Bushmaster signed an agreement with Magpul Industries to produce Magpul's advanced, AR-derived Masada modular rifle as the Bushmaster ACR (Adaptive Combat Rifle). DPMS has received the go-ahead to continue developing its LR rifle platform to further expand its footprint in the AR-15/M16 market, while Remington has debuted its R-15, an AR-type geared specifically to the hunter.
Hey Charley Schumer....Who says an AR is not a "sporting" rifle...
Kerry
SHOT Show Roundup - A New Player Gets Behind The AR-15 Platform
The big news at this year's SHOT Show, Feb. 2-5, 2008, was the newfound prominence of Cerberus Capital Management as a major player in the firearms industry. Probably best known to the general public for its recent acquisition of controlling interests in Chrysler Corp. and GMAC Financial Services, since April 2006 Cerberus has acquired Bushmaster Firearms, Remington, and DPMS Panther Arms. In addition, since joining the Cerberus family, Bushmaster has acquired Cobb Manufacturing, while Remington purchased Marlin Firearms, which already owns H&R 1871 and New England Firearms, putting four more prominent industry names under the Cerberus umbrella.
A private investment firm with a reputation for buying under-valued companies and investing in their long-term growth, Cerberus appears genuinely committed to developing its firearm industry acquisitions. Under its direction, Bushmaster signed an agreement with Magpul Industries to produce Magpul's advanced, AR-derived Masada modular rifle as the Bushmaster ACR (Adaptive Combat Rifle). DPMS has received the go-ahead to continue developing its LR rifle platform to further expand its footprint in the AR-15/M16 market, while Remington has debuted its R-15, an AR-type geared specifically to the hunter.
Hey Charley Schumer....Who says an AR is not a "sporting" rifle...
Kerry