February 16th, 2014

‘Sweet Home Alabama’ — Remington Heads to Huntsville

Remington Outdoor Company Huntsville, AlabamaRemington Outdoor Company (Remington) will open a big new factory in Alabama. Remington, formerly the Freedom Group, encompasses 18 brands in the gun-making and outdoor industry. According to the Military Times and Alabama news media, Remington will be opening a 500,000-square-foot production facility near Huntsville, Alabama. This could bring as many as 2,000 jobs to the Huntsville area. The new plant is not earmarked for a specific brand in the Remington family, so it could produce a variety of firearms products. (Remington also operates factories in Kentucky and New York, and an ammunition plant in Arkansas.) After necessary build-outs, the Huntsville plant is expected to start production in 2015.

Meanwhile, New York state officials are claiming that Remington’s plans to open a new plant in Alabama will not take jobs from Remington’s major factory in Ilion, New York. A spokesman for N.Y. Governor Cuomo posted: “Some are misinformed, others gleefully spreading misinformation, but to be clear, no Remington jobs are leaving NY.” Remington currently employs about 1,300 workers at the one million-square-foot Ilion manufacturing plant. Despite New York state officials’ reassurances, the long-term fate of the Ilion plant (and N.Y. jobs) is unclear. Eight months ago, Remington stated: “Remington will not run or abandon its loyal and hard working 1,300 employees without considerable thought and deliberation.” That doesn’t sound like an unequivocal commitment….

According to the Military Times:

“Before settling on Huntsville, the company was courted by no less than 24 states and various localities hoping to add hundreds of new jobs to their economies. The selection of the Huntsville area makes sense, with a skilled and technical workforce already in place. The area is home to the Army’s Redstone Arsenal, which has 35,000 military and civilian employees.

Other major technical employers in the area, such as NASA’s Marshall Space Flight Center, and Toyota, ensure ROC will have a large pool of talent to draw upon for its engineering, technical manufacturing and product development efforts. The fact that Alabama is regarded as a strong supporter of Second Amendment rights also played a role in the selection of the area.”

Remington Outdoor Company Huntsville, Alabama

READ Related Story in Forbes about Remington Outdoor Company (Freedom Group)

Permalink News 3 Comments »
November 5th, 2012

Remington Acquires TAPCO (The American Parts Company Inc.)

Remington Arms Acquires TAPCORemington Arms Company, LLC (Remington), part of the Freedom Group Family of Companies, has acquired The American Parts Company Inc. (TAPCO). In business for more than 25 years, Georgia-based TAPCO is a designer and marketer of American-made aftermarket accessories and replacement parts for handguns, rifles, shotguns, and tactical firearms. It is best known as the supplier of accessory products for AR15s, AK and SKS rifles and Remington 870 and Mossberg 500 shotguns. In recent years, TAPCO has modernized its production through computer-aided design, and rapid prototyping technologies.

“This acquisition will enhance our positioning in the accessories market and allow us to further our research and development capabilities” said George Kollitides, Chairman and CEO of Freedom Group. TAPCO will continue day-to-day operations at its Kennesaw, Georgia, facility.

“With the acquisition of TAPCO, Remington continues to demonstrate its commitment to the firearm parts and accessories business,” said Scott Blackwell, President of Freedom Group. “TAPCO is well-known as a leader in delivering innovative and dependable products[.] We are excited about the breadth of the products they bring to our portfolio, and we look forward to utilizing our resources to ensure our consumers and OEM partners benefit from this important acquisition. We welcome TAPCO and its employees into our family of companies.”

Permalink News 1 Comment »
March 14th, 2012

Freedom Group Appoints George Kollitides as New CEO

George K. Kollitides, IIGeorge Kollitides has been appointed acting Chief Executive Officer and Executive Chairman of the Board for Freedom Group, Inc. (FGI). Kollitides, a hunter, shooter and firearms enthusiast, sits on three NRA Committees, is a trustee of the NRA Foundation and is a director of the New York State Rifle & Pistol Association. He is a past director of the Safari Club International Connecticut Chapter. Kollitides was previously a managing director of Cerberus Capital Management, where he was the architect of FGI and its lead director. Kollitides stated, “I am ecstatic to join the FGI team, where we have the greatest employees and a 200-year history of 100% American-made [products].”

In an interview with John Zent, editorial director for NRA Publications, Kollitides was asked how the Freedom Group can support hunting, the shooting sports, and gun-owners’ rights. Kollitides answered: “Our job is to build the best products possible, provide good manufacturing jobs for Americans and represent our investors’ best interests. If our efforts succeed in growing our user groups, shooters, hunters, the military and law enforcement, they will have a much louder voice in public policy. The key for us is to strengthen our industry and strengthen our users, customers, and partners. Doing that by making relevant, quality product, along with education and access, we think, is the right way to go about it, and so we are working with state and local governments, not-for-profit hunting and shooting organizations, and, of course, the NRA.”

Freedom Group Companies

Permalink News 1 Comment »
October 17th, 2011

NRA Debunks Claims that George Soros Controls Freedom Group

The NRA Institute for Legislative Action (ILA) has issued a statement regarding the internet rumors that George Soros in some way controls Cerberus Capital Management, or the Freedom Group of companies. As we have stated in the Daily Bulletin, Soros has no connection to the Freedom Group or Cerberus Capital Management (a holding company that owns the Freedom Group). Claims that Soros is involved in Cerberus or the Freedom Group are 100% false. Here is the NRA ILA statement first issued on October 14, 2011:

From the NRA ILA:
Recently, an old rumor regarding Cerberus–the private equity firm that owns Freedom group, a holding company that in turn owns a number of firearms manufacturers, including Remington, Marlin, Bushmaster, and DPMS–was in some way tied to George Soros.

This rumor is completely false and baseless.

NRA has had contact with officials from Cerberus and Freedom Group for some time. The owners and investors involved are strong supporters of the Second Amendment and are avid hunters and shooters. In reality, at no time has George Soros ever been a part of the ownership group of Freedom Group or Cerberus, and as a privately-traded corporation, there is no possibility that he will be in the future.

This unsubstantiated rumor has caused a great deal of unnecessary concern for gun owners. NRA-ILA urges our members to take great care before repeating baseless rumors[.]

On July 12, 2012 the NRA-ILA posted a follow-up:

An old rumor has once again resurfaced alleging that Cerberus–the private equity firm that owns Freedom group, a holding company that in turn owns a number of firearms manufacturers, including Remington, Marlin, Bushmaster, and DPMS–is in some way tied to George Soros.

This rumor is completely false and baseless.

Following is a statement from Freedom Group, Inc., addressing the rumor:

Despite rumors to the contrary, Cerberus Capital Management, L.P., the firm which owns Freedom Group. Inc. (FGI), the holding company for such firearms manufacturers as Remington, Marlin, Bushmaster and DPMS, is in NO WAY affiliated with anti-gun activist George Soros.

George Soros has never been a part of Freedom Group or Cerberus. Further, as Cerberus is a privately owned corporation, run by sportsmen, shooters and firearms enthusiasts, we can say with great sincerity and certainty that George Soros will never be a part of the Freedom Group family of companies.

“If anyone should know whether George Soros is affiliated with either Freedom Group or Cerberus, it’s me,” said George Kollitides, Executive Chairman and Chief Executive Officer of FGI. “I spent the last eleven years of my career at Cerberus and just recently stepped down to become executive chairman and chief executive officer of FGI. I did this in order to devote 100 percent of my time, effort and passion to a company I spent years building. I can emphatically proclaim, without the slightest of doubt, that George Soros has never, does not and never will own or be affiliated with Cerberus or Freedom Group.”

Permalink News 1 Comment »
March 24th, 2011

Bushmaster Production Moved to New York

The Freedom Group, Inc. (FG) announced that Bushmaster Firearms Int’l production has been moved to the Freedom Group’s Ilion, New York facility, where Remington rifles (and other FG family brand firearms) are crafted. Bushmaster guns were previously built in Bushmaster’s Windham, Maine factory which is slated to close its doors at the end of this month, with a loss of 73 jobs. Freedom Group expects to create 40-50 new positions at the Ilion, New York facility as a result of the relocation.

The Freedom Group is one of the largest firearms manufacturers in the world. Among its product brands are: Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, Parker, EOTAC, Mountain Khakis, AAC, and Dakota. A Freedom Group press release states: “The Bushmaster brand and products remain key strategic assets within the Freedom Group portfolio. The manufacturing relocation will have no impact on customers or the existing supply base”. John Trull, the Freedom Group’s Firearms Marketing VP, added: “We are committed to the Bushmaster brand, its core product offerings and bringing innovative new Bushmaster firearms to our customers.”

Permalink News No Comments »
January 4th, 2011

Remington Seeks New PR Manager (and other Specialists)

Remington Arms logoDo you have the gift of gab, can you turn a phrase, and can you read a spreadsheet? Would you like to work with new guns, and get paid for attending gunshows? If so, this may be a ‘dream job’ for you. Remington Arms Co., the nation’s oldest firearms manufacturer, is looking for a new Public Relations Manager.

This is a high-profile job, with responsibility for both long-term media planning and managing the day-to-day Press Relations responsibilities for the Freedom Group companies. The PR Manager also represents Remington at trade shows, works with TV and radio broadcasters, and manages media tests of company products.

Among the required qualifications are: Bachelor’s degree from a four-year college or university; minimum of five years PR experience; journalist and writing skills; and knowledge of hunting and shooting. We know that many of our readers possess these qualifications. Who knows — perhaps you could become the new “voice of Remington” — the man (or woman) with primary responsibility for spreading the word about Remington firearms and products.

How To Apply
Visit the Remington Website to see the complete PR Manager Job Description. On the bottom of that page, you’ll find a link to Apply for the PR Position.

Other Remington Job Openings
In addition to the PR Manager job, Remington is looking to fill a number of other sales, contracts, and customer service positions. Current openings include:

  • Senior Key Account Manager, Cabella’s
  • Sr. Sales Support Operations Analyst
  • Law Enforcement Contracts Analyst
  • Domestic Customer Service Representative
  • Senior Law Enforcement/Military Customer Service Representative
  • Field Service Support Specialist
  • Technical Consumer Services Representative
  • Senior Consumer Services Rep
  • Internal Retail Sales Manager – Bushmaster
Permalink News No Comments »
December 12th, 2010

Bushmaster and Thompson/Center Arms Factories to Close

Two New England gun-making facilities will soon close their doors. The operations of both Bushmaster (Maine) and Thompson/Center Arms (New Hampshire) are being relocated to other facilities owned by their respective corporate parents.

Bushmaster Plant in Maine to Close
First, the Freedom Group, which owns Remington, Bushmaster, Marlin and other companies, announced that it will close Bushmaster’s Windham, ME facility, “effective March 31, 2011″. According to an official press release: “The Company will relocate manufacturing of all Bushmaster products currently produced at Windham to other, existing Freedom Group Facilities. The move will have no impact on customers or the existing supply base.” John B. Blystone, Chairman of the Freedom Group’s Board of Directors, commented: “We are continuing to adjust our operations in order to remain competitive…. Given increasing costs and pricing pressures affecting the entire firearms industry, this action is clearly necessary[.]”

T/C New Hampshire Facility To Be Phased Out
Smith & Wesson, parent of Thompson/Center Arms (T/C), is pulling the plug on T/C’s Rochester, New Hampshire operation. The Rochester factory will be phased out starting in January 2011, and finishing before the end of next year (2011). T/C production will be switched to Smith & Wesson’s Springfield, MA facility. Some workers may be relocated, but most will lose their jobs. According to S&W Mktg. Service Director Paul Pluff: “We needed to streamline in order to make our company more efficient and profitable.” S&W Human Resources VP Bill Lachenmeyer explained that the plant closure was due to a big decline in T/C sales over the last three years. S&W invested heavily in the new line of T/C Icon hunting rifles but the Icons didn’t sell well. Likewise sales of T/C’s signature Encore and Contender tilt-breech hunting pistols declined in the economic downturn.

Click Here for T/C Factory Closure Report by Foster Daily Democrat.

Permalink News 10 Comments »
May 28th, 2010

Bane Reports on Freedom Group IPO and Bushmaster ACR

In his latest Weekly Video Podcast (#22) Michael Bane, host of DownRange TV, tests the new Bushmaster ACR at the TiG Training Facility in Tennessee. While this new reifle may interest our readers, Bane also discusses the latest status of the Freedom Group’s efforts to “go public”. The Freedom Group is a Cerberus-owned consortium of firearms/security companies including AAC, Barnes Bullets, Bushmaster, Dakota Arms, DPMS, H&R, Marlin, and Remington. A public offering of Freedom Group shares is potentially a very big deal in the firearms industry. This week, Bane explains, the Freedom Group made a presentation to the SEC in support of its future Initial Public Offering (IPO). Click on the image below to watch Bane’s latest video report. (NOTE: you may want to turn down the volume on your speakers BEFORE clicking link, particularly if you are at work).

Michael Bane Downrange TV

Permalink - Videos, News No Comments »
January 5th, 2010

Freedom Group (Cerberus) Acquires Barnes Bullets

Cerberus Capital Managment, through its Freedom Group holding company, has acquired yet another well-known gun industry company: Barnes Bullets. On December 31, 2009, Freedom Group, Inc. entered into a purchase agreement to acquire certain assets of Barnes Bullets.

In recent years, Cerberus/Freedom Group has acquired Remington, Bushmaster, Marlin, H&R, DMPS and other smaller firearms-related companies. By acquiring Barnes, the Freedom Group gains entry into the ammunition component business at a time when brass, bullets, and powder remain in high demand. As the Freedom Group continues to build a vertically integrated firearms-related mega-corp, one wonders if Cerberus will look to acquire a powder-maker next. Freedom Group already sells Remington-brand factory-loaded ammunition.

Barnes Bullets, located in Mona, Utah, is the industry-leading supplier of copper bullets, including copper-tin composite core bullets. Barnes is a major player in the “lead-free” bullet market. This has become important as lead-core bullets have been banned in many hunting areas, and lead-free bullets are required in many indoor shooting facilities. Barnes Bullets will continue day-to-day operations at Utah facility under the guidance of company founder, Randy Brooks.

Ted Torbeck, CEO of the Freedom Group, Inc. stated: “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. We are excited about their R&D capabilities and the breadth of the products they bring to our portfolio.”

Cerberus Freedom Group

Freedom Group is now one of the world’s largest producers of guns and ammo. Freedom Group brands include 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. Learn more at www.freedom-group.com.

Permalink News 7 Comments »