Cerebrus/Freedom Group Acquires Another Gun Maker,... Para....

[twyacht]

Larger and larger conglomerates,......fewer and fewer Independent Gun Manufacturers....Whether it's the "bottom line" or the economy,  I like the idea of an ind. gun maker, free from a Board of Directors that own numerous brands, and can axe one, (or another one), or a given production line,...

Some how seems ironic called the "Freedom Group"....

http://onlygunsandmoney.blogspot.com/2012/01/rumor-confirmed-freedom-group-buys-para.html

Monday, January 30, 2012
Rumor Confirmed - Freedom Group Buys Para-USA

One of the rumors coming out of the SHOT Show was that Para-USA was in negotiations with Cerebrus's Freedom Group to be bought out. The release sent out today by the Freedom Group confirms that they are indeed buying Para-USA.

    Madison, NC -- Freedom Group, Inc., (FGI) through a wholly owned subsidiary has announced today that it has finalized an asset purchase agreement to acquire certain assets of Para USA, INC., (Para).

    Founded in 1985, Para has built a solid and enviable reputation for innovation, performance and reliability. Firearms enthusiasts, serious shooting competitors and law enforcement agencies choose with confidence from a wide and growing variety of Para pistols. Para's revolutionary high capacity frame and light double action (LDATM) trigger systems, are part of the innovation that Para has brought to the world famous 1911 design.

    "We welcome Para into the Freedom Group Family of Companies," stated. E. Scott Blackwell, Chief Sales and Marketing Officer of Freedom Group Inc. "Para USA is a leader in handgun technology and their fine products exemplify quality, innovation and performance. Para is a perfect complement to our industry-leading family of brands, and our success in 2011 with the Remington R1 - 1911. We look forward to deploying both human and financial resources to continue to develop and supply current and future handguns for consumers and our channel partners. We also wish to thank all its employees for their continued dedication that has made Para a success."

    Para will continue day-to-day operations at their Pineville, NC based facility.


Steve at The Firearms Blog speculates that it won't be too long before operations are moved from Pineville to either Ilion, NY or Mayfield, KY where Remington has their main plants. I think it might depend on whether the Para-USA facilities will allow greater production of 1911's than the Ilion plant and at a lower cost per unit.

****
Here's a tip,....get all the gun companies out of NY....

[tombogan03884]

Hard to believe that at one time you could not buy a mass produced US fire arm that was not made in either Mass, Ct or NY.

[santahog]

I've had a total of 7 new and used Para 1911 variants over the years. Three ran right. Four didn't.. Of the four, three were new when I bought them.
Think the quality will be well served by the takeover? I hope so..
I had a used LW Commander length that I kept for several years that had exactly one failure. I carried it till I got a Kimber. I had a Gun Rights 7-45 in stainless that I wish I still had. I sold most of what I had to raise money heading to South America.. Now I only have the Kimber left for 1911s.. 

[Ping]

Man, Cerberus owns more than the market share of firearms industries. Good for them but hope they never turn on the consumers..

[MikeBjerum]

I've had a total of 7 new and used Para 1911 variants over the years. Three ran right. Four didn't.. Of the four, three were new when I bought them.
Think the quality will be well served by the takeover? I hope so..
I had a used LW Commander length that I kept for several years that had exactly one failure. I carried it till I got a Kimber. I had a Gun Rights 7-45 in stainless that I wish I still had. I sold most of what I had to raise money heading to South America.. Now I only have the Kimber left for 1911s..  

Giants swallowing up the small seldom improves quality.  The best thing for quality is pride within the workforce, and the support of management to let them strive for excellence.  This type of takeover typically is followed by a bottom line focus to generate the dollars spent, and restructuring to benefit the other branches - See the Bushmaster and DPMS takeovers that supplied Remington with AR's.

Since this started I have had a fear that is not going away.  We are seeing far too much firearm manufacture under one roof.  What would it take to rid the United States of several of its favorite firearms today?  Call my new hat tinfoil if you like, but the difference between wise and paranoid is often not realized until it is too late.

[Sponsor]

[1Buckshot]

Just pulled this of a Friend Facebook page. I haven't checked it out yet, but it makes you wonder.

There is some truth to this, just check Wikipedia...

SOMETHING YOU MAY NOT KNOW THAT IS HAPPENING

Who is buying companies, manufacturing guns ??

For the last several years a company called The Freedom Group has been buying up gun and ammunition manufacturers. Some of the companies are Bushmaster, Marlin, Remington, DPMS, Dakota Arms and H&R. Some people worry that this Freedom Group is going to control most of the firearms companies in the United States. If you control the manufacturers you can decide to stop selling to civilians. What a perfect way to control guns.

Now if you do some digging you will see that The Freedom Group is owned by a company called Cerberus Capital Management.

Guess who controls Cerberus??? GEORGE SOROS !!!!!!!!! One of the most evil men on this planet who wants to restrict or ban all civilian guns. Please pass this on to all your freedom loving friends. This needs to come out. Why have we not heard about this in the "mainstream" media? I would think this would be BIG news. (Soros also owns Progressive Insurance)


If you don't know who George Soros is, you need to do some research. He backed Obama with millions of dollars and
Obama is a puppet on a string controlled by Soros .



Send this to every gun owner in America

[JLawson]

... Guess who controls Cerberus??? GEORGE SOROS !!!!!!!!! ...

This point is reported to be false:

http://www.factcheck.org/2011/10/george-soros-gun-grab/

and

http://tinyurl.com/79239gu

[santahog]

Same Annenberg (foundation) that brings us CPB? I know it sounds a little jaundiced, but it is the same group...
Here is a Freeper article on it.. (There are others)
http://www.freerepublic.com/focus/news/2104053/posts
The end of the article is worth noting..

Interestingly, I tried to "Google" "factcheck.com instead of .org, and George Soros official website came up about half way down the page.. That is interesting...

(Finding peculure things on that site!..)

[tombogan03884]

Just pulled this of a Friend Facebook page. I haven't checked it out yet, but it makes you wonder.

There is some truth to this, just check Wikipedia...

SOMETHING YOU MAY NOT KNOW THAT IS HAPPENING

Who is buying companies, manufacturing guns ??

For the last several years a company called The Freedom Group has been buying up gun and ammunition manufacturers. Some of the companies are Bushmaster, Marlin, Remington, DPMS, Dakota Arms and H&R. Some people worry that this Freedom Group is going to control most of the firearms companies in the United States. If you control the manufacturers you can decide to stop selling to civilians. What a perfect way to control guns.

Now if you do some digging you will see that The Freedom Group is owned by a company called Cerberus Capital Management.

Guess who controls Cerberus??? GEORGE SOROS !!!!!!!!! One of the most evil men on this planet who wants to restrict or ban all civilian guns. Please pass this on to all your freedom loving friends. This needs to come out. Why have we not heard about this in the "mainstream" media? I would think this would be BIG news. (Soros also owns Progressive Insurance)

If you don't know who George Soros is, you need to do some research. He backed Obama with millions of dollars and
Obama is a puppet on a string controlled by Soros .

Send this to every gun owner in America

That BS has been around for a while and is not true.

http://www.cerberuscapital.com/Biographies.aspx

Executive Officers, Senior Managing Directors & other Senior Personnel

Stephen Feinberg - Co-Founder, Chief Executive Officer and Senior Managing Director

William L. Richter - Co-Founder and Senior Managing Director

John W. Snow - Chairman, Cerberus Capital Management, L.P.

J. Danforth Quayle - Chairman, Cerberus Global Investments, LLC

http://en.wikipedia.org/wiki/Steve_Feinberg

Stephen A. Feinberg (born March 29, 1960) is an American businessman active in the field of private equity. He is the founder and head of Cerberus Capital Management.

Personal

Feinberg has been noted to be a very private person. Despite his considerable personal wealth (Feinberg reportedly made $50 million in 2004), his lifestyle is notably less extravagant than his peers in private equity.[3] He lives on Manhattan's Upper East Side with his wife Gisela and their three daughters.

His hobbies include game hunting, chess, skiing, and riding his Harley-Davidson motorcycle. Steve and Gisela Feinberg are prolific donors to the Republican Party and related organizations. Former Republican Vice President of the United States Dan Quayle works for Cerberus as Chairman of Global Investments, and former United States Secretary of Defense Donald Rumsfeld was a client.

In fact the Cerberus management has more reason to hate BO than you do.
They were the ones who got robbed of their investment when BO nationalized GM and gave it to the Unions.