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.”
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.