Tags: freedom | group | gun | makers

Freedom Group Gun Maker Attracting Interest From Weapons Companies

Thursday, 18 Apr 2013 02:19 PM

By Lisa Barron

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A number of weapons firms are interested in purchasing Freedom Group, the gun maker that manufactured a rifle used in last year’s shooting massacre at Sandy Hook Elementary School in Newtown, Conn.

Freedom Group’s owner, private equity firm Cerberus Capital Management, decided to sell the company immediately after the December tragedy.

Among those expressing interest in Freedom Group are Smith & Wesson Holding and Sturm, Ruger, both of whom have requested detailed information on the gun manufacturer, reports the Wall Street Journal.

Alliant Techsystems, an aerospace and defense company that makes ammunition and firearms accessories, has also indicated an interest, the newspaper reported.

It is not clear whether any of the potential buyers will bid on Freedom Group when it goes to auction; Cerberus Capital reportedly hopes to complete a sale this summer and wants to get around $1 billion for the company.

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