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Big Green & Co. acquires Barnes Bullets

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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:05
tahqua View Drop Down
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http://www.remington.com/pages/news-and-resources/press-releases/2010/corporate/freedom-group-inc-acquires-barnes-bullet.aspx

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.


Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:08
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Interesting news, Remington has been very busy in the last year or so.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:13
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well cerebus has anyway
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:23
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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:40
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Very interesting.  Don't know if that's a good thing or a bad thing, but interesting nevertheless.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:44
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Remington has a lot of R&D money right now. I think the writing is on the wall as far as lead core bullets go thanks to the greenies. This would save them some development costs and hopefully bring the cost of all copper pills down.

Doug
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 15:48
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Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/07/2010 at 16:09
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Originally posted by tahqua tahqua wrote:

Remington has a lot of R&D money right now. I think the writing is on the wall as far as lead core bullets go thanks to the greenies. This would save them some development costs and hopefully bring the cost of all copper pills down.

Doug
 
+1  all for that


Edited by SVT_Tactical - January/07/2010 at 16:09
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 10:17
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that would be really great if it did make there price go down?
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 10:17
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Originally posted by RifleDude RifleDude wrote:

Very interesting.  Don't know if that's a good thing or a bad thing, but interesting nevertheless.
I like to think that it's a good thing, proving that there's plenty of money in the firearms industry.
 
I am not realistically speaking happy about this news though. As more companies begin to fly under one flag, the more diminutive the voices of "Freedom" become. And the more easily the Government can implement anti gun/ammo regulation at the source.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 10:30
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My concern is that sometimes when large corporations acquire a given company, the company's products get watered down, scaled back, and the innovation that once made the company great gets lost in the bottom line decisions made by bean counters.
 
I'm not saying that will happen here; I don't know.  It will be interesting to watch what other companies Cerberus acquires as well.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 10:39
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I can see Remingtons new line of Copper based bullets now!
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 11:33
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Originally posted by RifleDude RifleDude wrote:

My concern is that sometimes when large corporations acquire a given company, the company's products get watered down, scaled back, and the innovation that once made the company great gets lost in the bottom line decisions made by bean counters.
 
I'm not saying that will happen here; I don't know.  It will be interesting to watch what other companies Cerberus acquires as well.
I'm hoping by leaving the same people in charge, that this won't happen. They claim that the same guy will be running the show. Guess we'll see.
 
Barnes Bullets will continue day-to-day operations at their Mona, Utah-based location under the guidance of company founder, Randy Brooks.
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 13:06
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The Army is BIG on "green ammo" right now.  Major effort for all "green ammo".  
Post Options Post Options   Thanks (0) Thanks(0)     Back to Top Direct Link To This Post Posted: January/08/2010 at 16:18
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"Green Ammo" Kind of a catchy name for Remington.

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