Freedom Group aquires Barnes

[quickdtoo]

http://www.remington.com/pages/news-and-resources/press-releases/2010/corporate/freedom-group-inc-acquires-barnes-bullet.aspx


Freedom Group, Inc. Acquires Barnes Bullets™

January 04, 2010

Madison, NC – Freedom Group, Inc. through a wholly owned subsidiary has entered into a purchase agreement to acquire certain assets of Barnes Bullets. The transaction closed on December 31, 2009.

Barnes Bullets, located in Mona, Utah, is the industry-leading supplier of copper bullets, including copper-tin composite core bullets. These products are used by hunters, shooters, military and law enforcement professionals around the world. With their innovative designs, advanced manufacturing techniques and core focus on the end-user, Barnes Bullets has been a leading choice of commercial consumers, law enforcement and military users since its inception in 1932.

Barnes Bullets will continue day-to-day operations at their Mona, Utah-based location under the guidance of company founder, Randy Brooks.

"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.

The Company assumes no obligation to update publicly such forward–looking statements, whether as a result of new information, future events or otherwise.

[rex6666]

If the co. was founded in 1932 and Randy Brooks is the founder
How old is Randy Brooks?

who wants to know?

[rockbilly]

A good product but a little pricey!!!!

[torpedoman]

In any but the firearms business they would be very close to a monopoly but i don't think the government will fool with them because the people behind the curtain are Cerberus capitol the same folks that bought Chrysler back  from the Europeans. They are international money people and bear careful watching.

[OR-E-Gun Bill]

What's left to gobble up?
Between Cerberus and ATK, they have just about got the whole bag of marbles!


Bill

[GatCat]

If the co. was founded in 1932 and Randy Brooks is the founder
How old is Randy Brooks?

who wants to know?

If I'm not mistaken, the originater of Barnes Bullets stopped production ( they were basiclly hand-made bullets ), and much later Randy Brooks bought the rights to the company, making both the "originals", and later, the "X", etc.
Mark

[Graybeard]

I have mixed feelings about all these buy outs of the various firearms and related companies. If someone buys them who is both pro gun and very well financed then I can see a lot of potential good coming of it.

BUT if they are either not well financed or not pro gun I can see where it could potentially fold the entire firearms manufacturing and support network in this country.

At the moment it appears both conglomerates are fairly solidly financed and on the surface both seem more or less pro gun but as we know our enemies often try to make themselves look like our friends at least initially. So it kinda bothers me more than comforts me that so many of "our eggs are being placed in so few baskets" so to speak. I fear this is a well planned and well financed move by the super rich cabal who are working toward a one world government to remove our guns and our ammo so we're not in a position to fight back to stop what they have planned for us.

I'd rather have had these companies stay independent and more privately owned by individuals known to be pro gun.

[skifastchad]

If this now means we can get green box ammo loaded with TSX bullets, I won't be disappointed.

[Sweetwater]

GB +1

I don't see that a lot of good can come from these mergers...

Regards,
Sweetwater

[Brett]

Another +1 to what GB said.   All these buy outs could just be part of a bigger plot to gain control of the gun and ammo industry.   Once they have all the big players in there grasp they may make the announcement that they will sell to military and law enforcement agencies only (i.e.: government) there will be no more sales to private individuals.   

Just because I'm paranoid does not mean my government is not out to get me. 

[MGMorden]

Another +1 to what GB said.   All these buy outs could just be part of a bigger plot to gain control of the gun and ammo industry.   Once they have all the big players in there grasp they may make the announcement that they will sell to military and law enforcement agencies only (i.e.: government) there will be no more sales to private individuals.   

Just because I'm paranoid does not mean my government is not out to get me. 

That's the beauty of the free market though.  If they do that, an opportunity opens for someone who will sell to private individuals, and if there's a market for that (which there obviously is) then they'll make plenty of money.

You basically only have to fear legislation in this regard.  Capitalism itself will solve any "we don't wanna sell to you" situations that arise. 

[Sweetwater]

Another +1 to what GB said.   All these buy outs could just be part of a bigger plot to gain control of the gun and ammo industry.   Once they have all the big players in there grasp they may make the announcement that they will sell to military and law enforcement agencies only (i.e.: government) there will be no more sales to private individuals.   

Just because I'm paranoid does not mean my government is not out to get me. 

That's the beauty of the free market though.  If they do that, an opportunity opens for someone who will sell to private individuals, and if there's a market for that (which there obviously is) then they'll make plenty of money.

You basically only have to fear legislation in this regard.  Capitalism itself will solve any "we don't wanna sell to you" situations that arise. 

As you posted, if and only if private sale is still allowed....there's the rub.

Regards,
Sweetwater

[squirrellluck]

And if they can get the manufacturing license and all the permits and such

[blind ear]

I wish they would move facilities west of the river. eddiegjr