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DPMS doubled its revenue between 2004–2007 and employed 65 people in 2008. [1] Freedom Group purchased DPMS Panther Arms on December 14, 2007, the same year it purchased Marlin Firearms. Freedom Group was a consortium of firearms manufacturers and was part of Cerberus Capital Management, a New York private
Now, USA TODAY and Fox News report that the manufacturer of the popular semi-automatic rifle, valued for its customizability and low cost, was DPMS “Panther Arms,” which is currently based in ...
Palmetto State Armory also produces a line of 1911 handguns, [5] AR-10 rifles, 9mm AR-style pistols [6] and various AR style rifled-uppers ranging in caliber and cartridge dimensions from .22 Long Rifle to .308 Win/7.62x51 NATO. Their latest offering, is the PSA Dagger pistol chambered in 9mm, which is based on the 3rd generation Glock G19. [7]
The Type CQ is an unlicensed Chinese variant of the M16 rifle manufactured by Norinco. [3] According to the Norinco website, the rifle is officially known as CQ 5.56. [4]It can be distinguished from other AR-15 and M16 pattern rifles by its long, revolver-like pistol grip, somewhat rounded handguards, and the unique shape of its stock.
Under Cerberus's direction, Bushmaster Firearms acquired Cobb Manufacturing, a manufacturer of large-caliber tactical rifles, in August 2007. Cerberus also acquired DPMS Panther Arms on December 14, 2007. [83] [84] Remington Arms acquired Marlin Firearms in January 2008.
Owner. Cerberus Capital Management. Number of employees. >3,000. Website. www.remingtonoutdoorcompany.com. Remington Outdoor Company (ROC), formerly known as the Freedom Group, was an American firearms manufacturer and holding company. The company had notable brands under its umbrella, such as Bushmaster, DPMS, Remington and Marlin.