Someone is buying up US gun manufacturing companies - U2 Feedback

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Old 12-04-2011, 05:59 PM   #1
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Someone is buying up US gun manufacturing companies

A stock market play on expectations around consumer choices, or something more sinister?

In recent years, many top-selling brands — including the 195-year-old Remington Arms, as well as Bushmaster Firearms and DPMS, leading makers of military-style semiautomatics — have quietly passed into the hands of a single private company. It is called the Freedom Group — and it is the most powerful and mysterious force in the American commercial gun industry today.

Never heard of it?

You’re not alone. Even within gun circles, the Freedom Group is something of an enigma. Its rise has been so swift that it has become the subject of wild speculation and grassy-knoll conspiracy theories. In the realm of consumer rifles and shotguns — long guns, in the trade — it is unrivaled in its size and reach. By its own count, the Freedom Group sold 1.2 million long guns and 2.6 billion rounds of ammunition in the 12 months ended March 2010, the most recent year for which figures are publicly available.

Behind this giant is Cerberus Capital Management, the private investment company that first came to widespread attention when it acquired Chrysler in 2007. (Chrysler later had to be rescued by taxpayers). With far less fanfare, Cerberus, through the Freedom Group, has been buying big names in guns and ammo.

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Old 12-05-2011, 09:24 AM   #2
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This is right in the FNC commentator wheelhouse.

So large, in fact, that rumors about the Freedom Group — what it is, and who is behind it — have been circulating in the blogosphere. Some gun enthusiasts have claimed that the power behind the company is actually George Soros, the hedge-fund billionaire and liberal activist. Mr. Soros, these people have warned, is buying American gun companies so he can dismantle the industry, Second Amendment be damned.

The chatter grew so loud that the National Rifle Association issued a statement in October denying the rumors.

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Old 12-06-2011, 06:16 AM   #3
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I don't think Cerberus has any other interest in the world than making money, and apparently they now see a lot of potential in the arms industry.
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Old 12-06-2011, 08:34 PM   #4
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Will Big Ammo be the next domino to fall?
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