Largest Private Manufacturer of Firearms to be Sold

Cerberus Capitol Management is selling its stake in firearms conglomerate The Freedom Group. The Freedom Group is the largest private manufacturer of civilian firearms and ammunition in the U.S.

Brands under The Freedom Group umbrella include Remington, Marlin, H & R, Dakota Arms, TAPCO, DPMS/Panther Arms. Parker Gunmakers, Barnes Bullets, Advanced Armament, Para USA, Mountain Khakis and Bushmaster Firearms.

A Bushmaster rifle was used in the Dec, 14 Sandy Hook School shooting in Newtown, Connecticut.

A statement from Cerberus lamented the Sandy Hook incident, saying the company’s leaders were ”shocked and deeply saddened by the events.”

“We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day,” it continued. “No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.”

Read more from this story HERE.