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.”
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.
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- Freedom Group Files for Public Offering This Year
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- NRA Debunks Claims that George Soros Controls Freedom Group
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Tags: Barnes, bullets, Cerberus, Freedom Group, Lead-Free
To be truthful, I was worried that something like this would happen. I can only hope all offers to purchase are rejected.
Semper Fi
As always follow the money. Maybe George wants to profit on patriot purchases when tyrants threaten firearms bans? Maybe he will shut off the flow of material to citizens in some future conflict? The possibilities are endless really.
Today George is buying up American resources committed to food production and distribution! He’s got a plan, do you?
How sad that most of the public have to treat stupidity
as if it were a virtue. Sure can’t say that we have not
been warned enough about him and his designs for us
Soros isn’t involved with either company.
They have the wrong “Freedom_Group.
Here is the correct company.
http://www.freedom-group.com/
As for Cerbeus. Check out Wiki and you’ll see that Dan Quayle is on the BOD as is Bush SR or Jr.
“As for Cerbeus. Check out Wiki and you’ll see that Dan Quayle is on the BOD as is Bush SR or Jr.”
Three RINOs is supposed to give me peace of mind? As we all know, on June 9, 2011 President Obama signed Executive Order 13575 that will make it possible to by-pass Senate Ratification of Agenda 21 should it be implemented during his term in office. Since UN Agenda 21 was introduced in 1992, similar orders were signed by three other Presidents and two of them are on the Cerberus BOD. Who can we really trust?
I know a lot of you will want to rake me over the coals over this, but I have come to one conclusion. The American Communist Party wanted to Socialize America. The Democrats want to Socialize America. The RINO Republicans want to Socialize America. The only difference is, that the Communists were up front about it. The American People need to be more vigilant if they want to keep the Republic that the Founding Fathers tried to create. I think that if voters did a little research, before Obama takes the internet away from all of us, they would be very surprised at how many RINOs there are in the Republican Party. WAKE UP AMERICA!
There is no credible evidence that George Soros is involved with Freedom Group.
It would be wise for everyone to check facts before responding to scary or warm-fuzzy rumors. Verifying those perpetually-forwarded emails really isn’t that hard for the paranoid and non-paranoid alike. A simple Google search for “soros+freedom+Group” provided this sample of truth:
http://www.nraila.org/Legislation/Federal/Read.aspx?id=7136
I urge everyone to sign up for free email alerts from the NRA at https://secure.nraila.org/EmailSignup.aspx. These alerts provide valid, verified news — not unsubstantiated rumors that are forever forwarded by email.
By the way, those who took the time to actually read the links at the bottom of this story would have learned that the Soros rumor is bunk!
I don’t know where all this is going. However any one company owning all thos gun makers makes me VERY afraid. When they take away our right to defend ourselves I become really nervious. Don’t know if George Sorros is responsible or not , but I do know he is an EVIL man.
RDF