Newsflash Cerebus aquires DPMS

[Sharpshooter]

Damn these people have become major players in nothing flat. Bushmaster, Remington , Cobb and now DPMS. Without the largest black rifle maker bar none.

Cerebus aquires DPMS (http://accurateshooter.wordpress.com/2007/12/15/cerberus-acquires-dpms/)

[Colorado Osprey]

And Marlin, H&R as well as NEF........United Rental, and is seeking actively to purhase a handgun company as well.
So, to recap, Remington, Bushmaster, H&R, NEF, Marlin, soon a hangun maker (Probably Springfield or Smith & Wesson). It seems the only American major gun manufacturers that will be left are Olympic Arms and Savage.
Sounds to me like a hostile take over of the gun industry....anyone agree?



Special Edition: The Outdoor & Shooting Wires
By Jim Shepherd
Wednesday, December 26, 2007


The Outdoor Wires has learned that Remington Arms of Madison, North Carolina has acquired another of America's longest-operating firearms companies, Marlin Firearms of North Haven, Connecticut.

With that acquisition, Remington acquires the manufacturer of two of the longest-manufactured firearms in the world. Marlin first produced their
models 1891 and 1893, as quality firearms for the period. They had no reason to imagine they would become the oldest shoulder arm designs in the world. Today, they live as the Models 39 and 336 in the Marlin line.

This acquisition also adds H&R 1871, Inc. the Gardner, Massachusetts based manufacturer of single-shot rifles and L.C. Smith shotguns to the Remington line. Their single shots, marketed as Harrington & Richardson and New England Firearms make H&R 1871 is the largest manufacturer of single shot rifles and shotguns in the world. That company was acquired by Marlin in November of 2000.

Tommy Millner Remington's CEO, says, "I am pleased to announce that Marlin's well known brands with a long heritage of providing quality rifles and shotguns to hunters and shooters around the world will join the Remington family. The opportunity to combine two historic U.S. based companies with such storied and proud histories, is both challenging and exhilarating."

"We look forward to working with Bob Behn, a well respected member of our industry. He will remain as president of Marlin, charting a course of
further growth and operational improvement," Millner continued.

With this acquisition, another long-time family-owned firearm company comes under a corporate umbrella. And that umbrella (Remington Arms) is part of a still larger umbrella, Cerberus Capital Partners. Today, Cerebus owns significant segments of the firearms market in every category except handguns.

Closing of the transaction is subject to certain customary conditions, including regulatory approvals. Credit Suisse acted as financial advisor to Remington with respect to this acquisition. Duff & Phelps Securities, LLC, a unit of Duff & Phelps Corporation (NYSE:DUF), initiated the transaction, assisted in the negotiations and acted as exclusive financial advisor to Marlin.

Frank Kenna III, Marlin's Chairman, said, "Marlin has been a family run business since 1924 and through a number of important steps, we have grown it into the company it is today. We knew it was time to find the right partner for Marlin to ensure our brands maintain their leadership positions
and move into the next century."

Mr. Kenna III continued, "We believe Remington's commitment to the industry, shooters and hunters alike, combined with their resources from a
manufacturing and sales and marketing position, will reinforce the confidence, hard work and dedication that our employees and management have put into our brands."