Cerberus gobbles up Barnes Bullets

Steve Johnson
by Steve Johnson

Barnes Bullets have been bought by an unnamed subsidiary of the Freedom Group (itself a subsidiary of Cerberus Capital Management). Ammunition is one of the last areas of the firearms industry in which, until today, Cerberus was not represented (Remington manufactures ammunition, how did I forget that?!?). From the press release …

“We welcome Randy and his team to the Freedom Group family,” commented Ted Torbeck, CEO of the Freedom Group, Inc. “With the acquisition of Barnes; the Freedom Group continues to demonstrate our commitment to the ammunition business. Barnes offers a premium line of high performance bullets for the hunting and shooting communities; and for law enforcement, military and commercial consumers around the world. We are excited about their research and development capabilities and the breadth of the products they bring to our portfolio.”

Cerberus. A Watercolour by William Blake (and modified slightly by myself)

About Freedom Group, Inc.

Freedom Group is the world’s leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, NEF, LC Smith, Parker, EOTAC, AAC, Dakota and INTC. The Company distributes its products throughout the U.S. and in over 80 foreign countries. More information about the Company can be found at www.freedom-group.com.

Steve Johnson
Steve Johnson

I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!

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  • Heath Heath on Jan 06, 2010

    I'm not sure what to think of this. I wasn't happy with Barnes because I believe they sold us (California hunters) and helped push the agenda which introduced the lead free zone here in CA through their testimony to the DFG Commission.

    For those in the know, what does this mean for hunters and shooters?

  • Josey MacKennitt Josey MacKennitt on Feb 06, 2010

    I think Cerberus Capital Management is a bad idea. I don't mean a bad idea that they gobbled up Barnes, I mean they (Cerberus Capital Management and by extension Freedom Group Inc.) are a bad idea. This company is concentrating too much in one place. I worry that this company is going to suffer a Banking Industry style meltdown and I guarantee that the government WILL NOT bail them out. I also worry that some wingnut politician with half a brain will figure out how to take them down "legally". I honestly don't understand why people in our country can't see that gigantic corporations like this are unAmerican. Yes I said it. unAmerican. Small Independent companies have always been the back bone of our country. If you want a good example of a disaster, just look at the retail book industry. At the turn of the last century their were thousands of publishers and tens of thousands of book stores. Now their are a handfull of publishers and giant box stores pushing whats left of the little guys out. This has got to end in the gun industry before the Cerberus Capital Managements and Walmarts of the world start telling us what we can buy.