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Bushmaster Firearms International, LLC, is an American firearm manufacturer and distributor. The company's product line revolves around semi-automatic pistol and rifle variants of the M4/AR-15 design. It is currently in full operation and is based in Carson City, Nevada.
Cerberus acquired Bushmaster Firearms International, from Windham, Maine native Dick Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus's direction, Bushmaster Firearms acquired Cobb Manufacturing, a manufacturer of large-caliber tactical rifles, in August 2007.
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 .
Dyke created Bushmaster Firearms after buying a gunmaker that was in bankruptcy in 1976. The company became known for high-end rifles, many of them based on the AR-15 semi-automatic rifle used by ...
Cerberus Capital Management purchased Remington Arms in 2007, placing it in the same corporate family as Bushmaster Firearms and other gun companies. Bushmaster Firearms moved manufacturing ...
In 2007, the company was purchased by the Cerebus Group, a New York-based private equity firm, which combined the company with two other gun manufacturers, Remington and Bushmaster, to form the ...
Cerberus combined DPMS with Bushmaster Firearms International, Remington Arms and Cobb Manufacturing to form the Freedom Group. [2] Remington was the company's immediate corporate parent. On December 20, 2012, Cerberus announced they were selling their Freedom Group brands, including DPMS, based on pressure from a California pension board.
On Tuesday, private equity firm Cerberus Capital Management announced that in response to the shootings at Sandy Hook Elementary School in Newtown, Conn., it intends to divest itself from its ...