Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Mystery company buying up U.S. gun manufacturers
New York Times via San Francisco Chronicle / sfgate.com ^ | Sunday, December 4, 2011 | Natasha Singer, New York Times

Posted on 12/04/2011 11:18:08 AM PST by thecodont

Scarborough, Maine --

[...]

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 U.S. 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.

From its headquarters in Manhattan, Cerberus has assembled a remarkable arsenal. It began with Bushmaster, which until recently was based here in Maine. Unlike military counterparts like automatic M-16s, rifles like those from Bushmaster don't spray bullets with one trigger pull. But, with gas-powered mechanisms, semiautomatics can fire rapid follow-up shots as fast as the trigger can be squeezed. They are often called "black guns" because of their color. The police tied a Bushmaster XM15 rifle to shootings in the Washington sniper case in 2002.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/03/BUJ91M4HL0.DTL#ixzz1favHTgT0

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Front Page News
KEYWORDS: 2ndammendment; banglist; bushmaster; cerberus; cerberuscapital; danquayle; dpms; freedomgroup; guns; hawaiianvacation; livefreeordie; makemyday; maybealittleblow; mymuslimfaith; nra; quayle; remington; semiautomatics; taqiyyaobama
Navigation: use the links below to view more comments.
first 1-2021-4041-47 next last

1 posted on 12/04/2011 11:18:09 AM PST by thecodont
[ Post Reply | Private Reply | View Replies]

To: thecodont
"Freedom Group."

It sounds like the same kind of name that the District of Criminals gives to legislation. The names of laws always are the exact opposite of what they actually do.

My bet is that the "Freedom Group" is owned by George Soros himself.

2 posted on 12/04/2011 11:23:43 AM PST by E. Pluribus Unum (Holding our flawed politicians to higher standards than the enemy’s politicians guarantees they win)
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

Not Soros, Dan Quayle is one of the principles.
http://www.cerberuscapital.com/Biographies.aspx


3 posted on 12/04/2011 11:29:48 AM PST by mnehring
[ Post Reply | Private Reply | To 2 | View Replies]

To: thecodont

I can hardly think of a better hedge against economic turmoil than guns guns guns.


4 posted on 12/04/2011 11:30:11 AM PST by Lancey Howard
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lancey Howard

You’re sure right about that! Brilliant move.

And if Cerebrus ever takes this company public, the IPO will make Googles look cheap.


5 posted on 12/04/2011 11:31:33 AM PST by bigbob
[ Post Reply | Private Reply | To 4 | View Replies]

To: E. Pluribus Unum

You would be wrong about that ownership. Freedom Group has been good for the gun industry. Remington was an aging tired worn out company, filled with hanger ons and people that should have been let go a decade prior. Freedom Group has turned it and the others around. The gun industry is thriving today. Sales are up 25 to 50% for wholesalers and retailers.


6 posted on 12/04/2011 11:34:00 AM PST by macquire
[ Post Reply | Private Reply | To 2 | View Replies]

To: macquire
The gun industry is thriving today. Sales are up 25 to 50% for wholesalers and retailers.

Ubama has more to do with that than anybody.

7 posted on 12/04/2011 11:35:06 AM PST by E. Pluribus Unum (Holding our flawed politicians to higher standards than the enemy’s politicians guarantees they win)
[ Post Reply | Private Reply | To 6 | View Replies]

To: thecodont

Not owend by Soros...that’s an urban legend. Its owned by conseravatives. I believe Dan Qualte sits on the board.


8 posted on 12/04/2011 11:39:24 AM PST by Jeff Head (Liberty is not free. Never has been, never will be. (www.dragonsfuryseries.com))
[ Post Reply | Private Reply | To 1 | View Replies]

To: thecodont
(Chrysler later had to be rescued by taxpayers)

I wonder why Natasha threw that in there. It is irrelevant to this article. General Motors "also had to be rescued by the taxpayers" and I don't think that they are out there buying up firearms manufacturers. Baseball bat companies maybe, but not firearms.

9 posted on 12/04/2011 11:48:11 AM PST by FlingWingFlyer (Stop BIG Government Greed Now!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jeff Head

IMHO I don’t like all guns and ammo sold by one corporation. First they will outprice and put out of business the small main street dealers. Then the CEO will be pestered by his associates in an elite cocktail party about the evils of guns and all we need is one major massacre by a lone gunman the CEO might eliminate certain guns from the production list. Happened with Sports Authority in my area. They had the best prices for guns. Then during the Clinton years, the CEO decided not to sell handguns, then not to sell ammo and then got rid of all the guns altogether. Talked to the clerk at the store who had the FFL to conduct the sales. She told me that the gun sales were brisk and brought substantial profits to the store. All those years they caused many small gun stores to close, only to stop selling guns after most of the small dealers quit.
Lesson learned. Have multiple sources for gun sales. If one decides to not sell guns, the rest will swoop in and take over the market. Never concentrate the decision to sell guns on one person (CEO) who controls thousands of stores.


10 posted on 12/04/2011 11:48:59 AM PST by Fee
[ Post Reply | Private Reply | To 8 | View Replies]

To: E. Pluribus Unum; Jeff Head; mnehring

No, not Soros. And
Cerebrus is no more mysterious than any private company. I think we’re for private capital on the right, Occupiers, the 0.1% of the population who claim to represent 99% won’t do it. Not political that I know of, but along with Quayle, John Snow, Treasury Secutary under GWB.


11 posted on 12/04/2011 11:51:09 AM PST by SJackson (Haven't changed the environment, just take a bath. Eat a piece of chocolate. You need one. Michelle)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Fee
IMHO I don’t like all guns and ammo sold by one corporation.

I don't either, that's why we have anti-trust laws, but Bushmaster, Remington (Marlin) is probably a ways off from a firearms monopoly. It's good someone is investing in the industry.

12 posted on 12/04/2011 11:54:40 AM PST by SJackson (Haven't changed the environment, just take a bath. Eat a piece of chocolate. You need one. Michelle)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Fee
IMHO I don’t like all guns and ammo sold by one corporation.

I don't either, that's why we have anti-trust laws, but Bushmaster, Remington (Marlin) is probably a ways off from a firearms monopoly. It's good someone is investing in the industry.

13 posted on 12/04/2011 11:54:46 AM PST by SJackson (Haven't changed the environment, just take a bath. Eat a piece of chocolate. You need one. Michelle)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Fee

Left out Panther, still short of a monopoly.


14 posted on 12/04/2011 11:55:30 AM PST by SJackson (Haven't changed the environment, just take a bath. Eat a piece of chocolate. You need one. Michelle)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Fee
IMHO I don’t like all guns and ammo sold by one corporation.

I don't either, that's why we have anti-trust laws, but Bushmaster, Remington (Marlin) is probably a ways off from a firearms monopoly. It's good someone is investing in the industry.

15 posted on 12/04/2011 11:55:41 AM PST by SJackson (Haven't changed the environment, just take a bath. Eat a piece of chocolate. You need one. Michelle)
[ Post Reply | Private Reply | To 10 | View Replies]

To: SJackson

This is all good.

Good to maintain multiple companies that might otherwise struggle under Obamanism, good that Freedom Group will find cost synergies that will help hold prices down, and good for America that they are investing during a horrible economic period. This is how capitalism works, folks.

A part of every acquisition is Dept. of Justice signoff that it doesn’t violate anti-trust laws. That’s big gummint at work “for us”.

Don’t like it? Go start your own gun or ammo company. It’s still (mostly) a free country. But don’t bitch when capitalism does what it’s supposed to do, at least not around here.


16 posted on 12/04/2011 12:00:57 PM PST by bigbob
[ Post Reply | Private Reply | To 13 | View Replies]

To: E. Pluribus Unum

Not true. We saw a run up of 25% to 35% starting November 2008 (virtually the day after the election) and through 2009 because of Obama and rumors he would attempt legislation that would harm the industry. That belief died down in 2010 as it appeared the GOP would take the House but sales kept near pace with 2009 largely due to handgun sales. Now in 2011 laregly handgun sales are pushing the level of sales up 25 to 35% over 2010. The gun industry is on a banner year again.


17 posted on 12/04/2011 12:12:43 PM PST by macquire
[ Post Reply | Private Reply | To 7 | View Replies]

To: E. Pluribus Unum

Not true. We saw a run up of 25% to 35% starting November 2008 (virtually the day after the election) and through 2009 because of Obama and rumors he would attempt legislation that would harm the industry. That belief died down in 2010 as it appeared the GOP would take the House but sales kept near pace with 2009 largely due to handgun sales. Now in 2011 laregly handgun sales are pushing the level of sales up 25 to 35% over 2010. The gun industry is on a banner year again.


18 posted on 12/04/2011 12:12:57 PM PST by macquire
[ Post Reply | Private Reply | To 7 | View Replies]

To: Fee

IMHO I don’t like all guns and ammo sold by one corporation. First they will outprice and put out of business the small main street dealers.


There are dozens of other companies making competing products. And Cerberus is not in the retail business. If it were, there are thousands of competing companies.

They’re big, but they have ample competition.


19 posted on 12/04/2011 12:41:25 PM PST by Atlas Sneezed (Author of BullionBible.com - Makes You a Precious Metal Expert, Guaranteed.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: E. Pluribus Unum

Leftists or even a government front buying them all so they can shut them all down, is my bet.


20 posted on 12/04/2011 12:44:28 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-47 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson