Industry Firearms, Defence Founded 2007 Type Privately held company | Area served worldwide Subsidiaries Remington Arms | |
Key people James Marcotuli (CEO)
l (President) Products Pistols, Rifles, Carbines, Shotguns, Ammunitions, Accessories, Clothing Brands Remington
Bushmaster
Advanced Armament
Marlin Firearms
H & R Firearms
Dakota Arms
Para USA
Parker Gun
Tapco
Barnes Bullets
Mountain Khakis Revenue US$ 848.7 million (2009) CEO Jim Marcotuli (9 Jun 2015–) Owner Cerberus Capital Management Headquarters North Carolina, United States | ||
Freedom Group is an American firearms manufacturer holding company which has acquired notable brands such as Bushmaster, DPMS, Remington and Marlin.
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History
In March 2012, Robert Nardelli stepped down as CEO of Freedom Group and as head of the operations and advisory business of Cerberus Capital Management LP and became adviser to Stephen Feinberg, the head and founder of Cerberus. He became CEO of Freedom Group in September 2010 as the North Carolina-based gun maker searched for a permanent CEO. The current chief executive officer is James Marcotuli].
In December 2012, citing the Sandy Hook Elementary School shooting as "a watershed event that has raised the national debate on gun control to an unprecedented level," Cerberus announced it would sell all of its investments in Freedom Group. The private equity firm said it would retain a financial adviser to sell its interests in Freedom Group, and would return the proceeds to investors. The decision was made after a California pension board, a Cerberus stakeholder, announced it would dispose of all stakes it held in firearms manufacturers that make weapons banned by state law. As of November 2015, Cerberus still owns the company.