Who owns bushmaster firearms company

The company cited mounting legal fees as the reason for settling. Cerberus Capital Management announced in a December press release that they would "retain a financial advisor to design and execute a process to sell [their] interests in Freedom Group" Freedom includes the former Bushmaster company.

According to the company: "It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level.

Bushmaster's firearms are typically offered in a 5. Most Bushmaster barrels are steel, offered in twist rate , and chrome-lined to increase durability. Some barrels are available with rifling, on special order. Stainless steel or chrome molybdenum barrels are available on certain models. Their name is not related to the Bushmaster autocannon. Bushmaster Firearms originally produced their 'First Generation' rifle using an aluminum lower receiver paired to a stamped steel upper receiver.

The First Generation rifles were chambered for the 5. Bushmaster First Generation rifles are very rare and are collectibles. In late January , it was announced that Bushmaster had signed a licensing deal with Magpul , granting Bushmaster the rights to produce and distribute Magpul's Masada rifle, renamed the Bushmaster ACR.

Carbon 15 is a lightweight AR15 available as rifles or pistols. It saves weight by using polymer instead of the traditional steel or aluminum in the upper and lower receivers. Important institutional investors, led by the California State Teachers Retirement System, nevertheless demanded that Cerberus remove their exposure to the gun business, a process that took two years to complete. In and , fat years for the gun industry, Remington Outdoor barely made any money. Every time there was a mass shooting, journalists checked to see if a Cerberus gun was used; when it was, as in the terrorist attack that killed 14 people in San Bernardino, California, Feinberg was usually subjected to another round of outraged criticism.

What also must hurt is the knowledge that there are big investors who will never again put money in a Cerberus fund. And that there are citizens who will always associate Feinberg with the Newtown mass shootings. Nocera is a Bloomberg View columnist. Michael R. Everytown for Gun Safety advocates for universal background checks and other gun control measures.

By Sharon Randall I come from a family of hair brushers. Maybe you do, too. My mother and her eight Which best describes how you feel about the new Salisbury City Council? View Results. Firearms training unit Detective Barbara J. Mattson, of the Connecticut State Police, holds up a Bushmaster AR rifle, the same make and model of gun used by Adam Lanza in the Sandy Hook School shooting, for a demonstration during a hearing of a legislative subcommittee reviewing gun laws, at the Legislative Office Building in Hartford, Conn.

You Might Like. Optimistic Neutral Pessimistic View Results. Quotes of the week Steven V. Letter: Area fortunate to have United Way. GE to end its run as a conglomerate, split into three companies Auto repair shop owner Neil Lefler retires, leaving behind legacy of quality work, mentorship Biz Roundup: Rowan Chamber will highlight apprenticeships during Power in Partnership event Apply for energy assistance starting Dec.

News Photo gallery: Veterans Day parade. Related: The money behind the Newtown massacre. President Barack Obama has indicated that he will try to bring back restrictions on military-style rifles. In the second presidential debate in the fall, Obama said he was going to see "if we can get an assault weapons ban reintroduced. Speaking at a vigil for the victims and families Sunday night, he said he would use "whatever power this office holds We're no longer maintaining this page.

Investors are dumping the Bushmaster rifle maker after Friday's massacre.