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December 18th, 2012

Cerberus Will Sell Off Freedom Group Companies

Freedom Group CerberusCerberus Capital Management, LP (Cerberus), announced today that it would sell its stake in Freedom Group, Inc. (Freedom Group), a holding company that owns numerous firearms-industry businesses. The Freedom Group Family of Companies includes Remington, Bushmaster, Marlin, H&R, DPMS, Barnes Bullets, Eotac, and Dakota Arms. A Bushmaster AR15-type rifle was one of the weapons found at the scene of the Newtown, Connecticut shootings. Adam Lanza, the 20-year-old shooter, also carried Glock and Sig Sauer pistols.

Freedom Group Family of companies

In deciding to sell the Freedom Group, Cerberus was influenced by its large institutional investors. The California State Teachers’ Retirement System, which has over $700 million invested in Cerberus, stated that it was re-examining its Cerberus investment in light of recent events. Translation: After Newtown, this big pension fund was very uncomfortable with the fact that Cerberus was so heavily involved in the gun business (through its ownership of the Freedom Group and specifically Bushmaster).

Here is the text of the Press Release issued by Cerberus on December 18, 2012:

We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School in Newtown, CT on December 14, 2012. We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day. No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.

In 2006 affiliates of Cerberus Capital Management, L.P. made a financial investment in Freedom Group. Freedom Group does not sell weapons or ammunition directly to consumers, through gun shows or otherwise. Sales are made only to federally licensed firearms dealers and distributors in accordance with applicable laws and regulations. We do not believe that Freedom Group or any single company or individual can prevent senseless violence or the illegal use or procurement of firearms and ammunition.

It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. The debate essentially focuses on the balance between public safety and the scope of the Constitutional rights under the Second Amendment. As a Firm, we are investors, not statesmen or policy makers. Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals. It is not our role to take positions, or attempt to shape or influence the gun control policy debate. That is the job of our federal and state legislators.

There are, however, actions that we as a firm can take. Accordingly, we have determined to immediately engage in a formal process to sell our investment in Freedom Group. We will retain a financial advisor to design and execute a process to sell our interests in Freedom Group, and we will then return that capital to our investors. We believe that this decision allows us to meet our obligations to the investors whose interests we are entrusted to protect without being drawn into the national debate that is more properly pursued by those with the formal charter and public responsibility to do so.

Our thoughts and prayers are with the families and communities impacted by this tragic and devastating event.

Cerberus Capital Management, L.P.

About Cerberus Capital Management: A private equity firm established in 1992, Cerberus Capital Management, L.P. has more than US $20 billion under management invested in four primary strategies: distressed securities & assets; control and non-control private equity; commercial mid-market lending and real estate-related investments.

Read Related Chicago Tribune Article about Freedom Group Divestiture.

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December 17th, 2012

New 2013 Guns & Gear in December Shooting Industry Magazine

Shooting Industry Magazine DecemberIf you can’t wait for SHOT Show in January to see new-for-2013 shooting products, then check out the latest FREE digital edition of Shooting Industry Magazine. Shooting Industry’s jumbo, 156-page December issue is the first of two expanded editions that highlight new products for 2013.

In this month’s digital magazine, you’ll find Part I of the 2013 New Product Showcase. This has hundreds of new product offerings including new firearms, ammunition, optics and accessories.

The special December edition also has a comprehensive SHOT Show Planning Guide (pp. 44-50) which lists SHOT Show activities and seminars, and explains new technologies (such as smart-phone apps) that will help SHOT Show visitors. NOTE: The December Edition does NOT include SHOT Show Floor Layouts with exhibitor lists. You’ll have to wait ’til next month. The layouts and exhibitor directory will be published in the January digital edition of Shooting Industry Magazine.

Another handy resource in the December Edition is the Buyers’ Guide, a comprehensive industry-wide directory of manufacturers, distributors, and and retailers. The December Edition also includes 2012 firearms industry projections. In this section, representatives from Crimson Trace, Hornady, Mossberg and Taurus share their insights about the future trends.

“We have assembled a wealth of information in our December issue to help businesses throughout industry maximize the opportunities [for next year]. Forecasts for the new year, new products, SHOT Show planning, our highly regarded Buyer’s Guide and more are included in this valuable business edition,” said Russ Thurman, Shooting Industry’s publisher and editor.

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December 17th, 2012

New Book on California Gun Laws Released

The California Rifle & Pistol Association (CRPA) has released an important new book: California Gun Laws: A Guide to State and Federal Firearm Regulations. Written by CRPA/NRA attorney C.D. Michel, this new resource has just arrived from the printers and should start shipping this week. Price is $27.13.

California Gun Laws Attorney MichelGun owners who live or do business in California should strongly consider purchasing this 320-page book. California gun laws are complex and confusing. There are over 800 California state statutes regulating the manufacture, distribution, sale, possession, and use of firearms. There are thousands of overlapping federal laws regulating firearms that apply in California. And there are hundreds of administrative regulations, local ordinances, and California Department Justice Firearms Bureau written and unwritten policies that also apply.

On top of the already byzantine regulatory scheme, on January 1, 2012 California firearm laws were completely reorganized and re-numbered. Because of the complexity of the laws, and the recent statute number changes, inadvertent gun law violations by well-intentioned citizens are increasingly common. In the politicized legal environment of California “gun-control” laws, the consequences of even an inadvertent violation can be severe.

With all the overlapping regulations, it’s no wonder that confusion runs rampant among California gun owners, as well as among police, prosecutors, and judges. To protect yourself, you need to know the law. This book will help. California Gun Laws tells you how to legally buy, own, transport and possess firearms, and explains how you get your firearms or firearm rights back if they are taken away. The book warns about common legal “traps” that may ensnare California firearm owners.

CLICK to Order: California Gun Laws: A Guide to State and Federal Firearm Regulations.

California Gun Laws Attorney MichelAuthor Profile: C.D. (Chuck) Michel is an attorney with 20 years of experience representing the National Rifle Association (NRA) and California Rifle & Pistol Association (CRPA), as well as firearm manufacturers, wholesalers, retailers, and gun owners, Michel has been litigating civil and criminal firearm cases since 1991, many of which were high profile and attracted state and national media attention.

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December 16th, 2012

Eley Opens New Rimfire Test Facility in Texas

Rimfire-ammo maker ELEY Ltd. recently opened a new test facility in Winters, Texas. On hand for the opening ceremony were triple Olympic Medal Winner Matt Emmons and 2012 Gold medal Winner Jamie Gray. Other notable shooters at the opening included legendary Olympian Lones Wigger and husband and wife team Sandra and Eric Uptagrafft. Media and industry were represented by NRABlog editor Chip Lohman, Corrie West of USA Shooting, and staff from Shilen Barrels and Stiller’s Precision Firearms.

Eric Uptagrafft praised Eley’s new facility: “To see this come to fruition is very exciting. It shows the level of support and dedication that Eley has as a partner of USA Shooting. I expect this will create a huge advantage for our team and our abilities to diligently do the testing that is required being an elite-level shooter.” Jamie Gray concurred: “It’s good to have a test range of this caliber in the United States because it makes it easier for [American shooters] to get out and test-fire more often. It’s easier for us to bring our guns to Texas than take them overseas, especially in England.”

Eley has invested heavily in the new two-lane test facility which allows pistol, rifle, and benchrest rimfire shooters to test their firearms with ELEY rimfire ammunition. Eley’s new Texas facility allows lot-by-lot batch testing to be done in the USA for the first time. Batch testing used to be limited to the UK, at ELEY’s Head Office. Earlier this year ELEY opened their second range in Stuttgart, Germany and now the third Winters, Texas. The facility will have the ability to test both .22 Rifles and Pistols with electronic target systems and advanced group-measuring software. All three Eley Test Centers have two 50-meter lanes for testing .22 Rifles and Free Pistols. The USA and Germany ranges also allow testing of Free Pistols and Rapid Fire Pistols at 25m.

Meanwhile, Out in Arizona….
We’re pleased that Eley has opened a two-lane facility in the USA. That’s great for shooters. But the new Eley facility is limited to 50m (fifty meters) maximum. By contrast, the new state-of-the-art Lapua Rimfire Service Center in Mesa, Arizona has the ability to record results at 50m AND 100m simultaneously. As your shots pass through special sensor grids positioned at both 50m and 100m, Lapua plots your group size at both distances during on the same string of fire. We think that’s a huge advantage for Lapua’s Arizona Test Center compared to Eley’s Texas facility. Another difference is that at Eley you can only test Tenex ammunition while at Mesa, you can test all types of Lapua rimfire ammo from the top of the line to the more economical products. That’s another significant advantage for the Lapua operation. But it’s great that American shooters now have a choice of two rimfire testing facilities within our national borders.

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December 15th, 2012

SHOT Show 2013 is Just One Month Away

Shot Show 2013Believe it or not, the National Shooting Sports Foundation’s 2013 SHOT Show is only a month away. The SHOT Show, to be held January 15-18 in Las Vegas, is the biggest event of the year in the gun industry. There will be thousands of exhibitors in the Sands Expo & Convention Center. If you qualify to attend the show (SHOT Show is not open to the general public), you can register today at SHOTShow.org. While you’re on the SHOT Show website, you can sign up for optional offerings including retailer and law enforcement seminars, the State of the Industry Dinner, SHOT Show University and more (Some of these programs require significant additional costs). While getting reading for SHOT Show 2013, you can access current updates and SHOT Show news through the SHOT Show Blog and the SHOT Show Facebook Page.

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December 14th, 2012

Update on Nancy Tompkins Book: ETA is Early February

Nancy TompkinsNancy Tompkins has been working on a new Second Edition of her popular book: Prone and Long-Range Rifle Shooting. Nancy just announced that the final proof has been submitted to the printer (at last), and the book should be available in six weeks, i.e. early February, 2013. Nancy posted today: “Mid gave me roses last night after I sent the proof for book to the printer. Yay! After thousands of hours of work… I AM DONE! In six weeks it will be a book.”

The enhanced Second Edition will feature updates to the current chapters, more photos, plus an entirely new chapter on F-Class Shooting. The Second Edition will be issued with a hardback cover, for increased durability. Price isn’t set yet, but Nancy hopes to keep the price “under $40.00″. The book will be available from Sinclair Int’l and direct from Nancy via her website, RifleShootingbyNancy.com.

Author Profile: Nancy Tompkins has been shooting competitively for over 33 years. She has won the National Long Range Championship four times. Nancy was the first woman in history to win the National High Power Championship (a feat accomplished by only two ladies, the other being Nancy’s daughter Sherri Jo Gallagher). Nancy has also been the Wimbledon Cup winner, and a 5-time Leech Cup winner. She has won both team and individual medals in the World Palma Championships, and has been on 6 Palma Teams (as both a shooter and a coach).

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December 14th, 2012

Precision Rifleman eZine Covers NBRSA Events

Precision Rifleman NBRSAThe National Bench Rest Shooters Association (NBRSA) now has its own eZine, Precision Rifleman, which covers NBRSA events and provides notices to members. The editors do a good job providing follow-up reports on popular matches with profiles of notable NBRSA members.

Along with match reports, you’ll find a list of upcoming events plus a handy directory of NBRSA-affiliated clubs across the country, complete with full contact information.

While Precision Rifleman is funded in part through NBRSA member dues, you can read the digital version online for free — you do not have to be a paying NBRSA member. (A print version goes out to NBRSA members).

CLICK HERE to read latest December 2012 issue of Precision Rifleman

Precision Rifleman NBRSA

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December 12th, 2012

Legendary Exhibition Shooter Bob Munden Passes at Age 70

Bob Munden passes awayFamed exhibition shooter Bob Munden passed away December 10th, from a heart attack. Bob was 70 years old. Munden’s friends at Hodgdon Powder stated: “Bob was a legend, a showman and a gentleman above all else.” Born February 8, 1942 in Kansas City, MO, Bob began his professional shooting career at age 11 in California. While still in high school, Bob placed second in the noted LeatherSlap competition, and that launched his fabled career as a fast-draw specialist and trick shooter.

Over his long career, Munden traveled around the globe giving shooting exhibitions. Munden was famous both as a speed-draw specialist and a trick shooter with all types of firearms. He was recognized as “The Fastest Man with a Gun Who Ever Lived” in the Guinness Book of World Records. As a star of Shooting USA’s “Impossible Shots” TV show, Munden provided amazing demonstrations of shooting skills for a national television audience — such as splitting a playing card tossed in the air. Many of Munden’s famous trick shots were “first-ever” challenges, tricks that no other marksman had ever done before.

Bob Munden passes away

Over the years Bob, often with his wife Becky (who is also a skilled shooter), appeared on many television shows, most famously American Shooter, Ripley’s Believe it or Not, Stan Lee’s Superhumans, Shooting USA, and Shooting USA’s Impossible Shots. Munden is featured in DVDs including Bob Munden: Outrageous Shooting and Bob Munden: The Collector’s Edition.

Bob Munden passes away

Registered as members #118 and #119 respectively, Bob and Becky entertained at the Single Action Shooting Society (SASS) End of Trail World Championships of Cowboy Action Shooting 30 times with what Becky proudly said was the most complex presentation ever offered at an exhibition shooting show. She added that Bob was Cowboy Action Shooting’s first gunsmith. After her beloved Bob passed away this week, Becky said: “We had an incredible, memorable life together.”

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December 10th, 2012

NBRSA Announcements to Members for 2013

NBRSA logoAfter concluding its 2012 Board Meeting, the NBRSA has issued some announcements for its membership. The Fee structure has changed, and Match Directors are requested to submit info on upcoming 2013 Matches. In addition, the NBRSA noted that Long Range Rule Books are now on sale for $5.00. Call (307) 655-7415 to order these Rule Books.

NBRSA Fee Schedule for 2013
Dues and match fees will change beginning January 1, 2013. The new fee structure is designed “to be equitable to everyone”, with adjustments reflecting shipping costs. Normal match fees change to $3 per shooter per day. Annual Fees will be:

  • USA Domestic Annual Members & Clubs: $60
  • CANADIAN Annual Members: $60 + $25 shipping — Total US $85
  • INTERNATIONAL Annual Members: $60 + $60 shipping — Total US $120

2013 Match Schedules and Forms
The NBRSA requests that match directors send in their 2013 match schedules to Regional Directors as soon as possible. This will allow the NBRSA to post schedules online and in Precision Rifleman magazine. Match Directors who require Forms should click the links below.

Memorandums of Agreement (MOAs) | Match Vouchers Forms

News Tip from EdLongrange. We welcome reader submissions.
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December 7th, 2012

Berger Bullets Rolls Out Redesigned and Enhanced Website

Report by Jeff Williams, AccurateShooter Correspondent
If you’ve visited BergerBullets.com lately, you’ve noticed that Berger Bullets has completely over-hauled and updated its website. The new website has a very handsome, clean layout. It is also faster to load and much easier to navigate. We give Berger an “A” grade for the new website.

Berger bullets

Berger bulletsOn Berger’s home page you’ll find product descriptions, easy-to-use (smart-phone friendly) product buttons, pull-down menus for all four Berger bullet line-ups, recent news items, plus videos. Click “Links” to access a comprehensive list of reloading resources with a directory of shooting association websites. Click the Berger Bulletin tab to read current product status reports, technical articles, and shooting tips.

Redesigned Bullet Info Tables
The bullet product info pages are much easier to read now. Simple tables display all the bullets of a particular type (hunting, target, varmint, and tactical), organized by caliber and weight within calibers. You’ll find BOTH G1 model and G7 model Ballistics coefficients (BCs) for all the bullets in the tables, and recommended twist rates are listed.

Berger bullets

Berger Twist-Rate Stability Calculator
The new Berger website also offers a handy Twist-Rate Stability Calculator that predicts your gyroscopic stability factor (SG) based on mulitiple variables: velocity, bullet length, bullet weight, barrel twist rate, ambient temperature, and altitude. This very cool tool tells you if your chosen bullet will really stabilize in your barrel. LIVE DEMO BELOW — Just enter values in the data boxes and click “Calculate SG”.

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