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Wednesday, June 10, 2009

More Consolidation in Firearms Industry

This from today's Shooting Wire:

Remington Arms Company, Inc. through its fully owned subsidiary DA Acquisitions LLC has entered into a purchase agreement to acquire certain assets of Dakota Arms, LLC including the Dakota, Miller Arms, Dan Walter and Nesika Bay Precision brands. The transaction closed on June 5, 2009.

This adds to a number of acquisitions that have taken place over the last couple of years by Remington's parent company, Freedom Group. In addition to Remington, Freedom group owns some of the most recognized brands including Bushmaster, DPMS/Panther Arms, Marlin, Harrington & Richardson, New England Firearms, L.C. Smith, Parker, EOTAC, and INTC.

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