by Sturm, Ruger just announced that they were buying Hebron, Kentucky based Anderson Manufacturing. As I read their press release below, it appears that while they will discontinue the Anderson brand and the associated products Ruger will use the plant and its employees to expand their manufacturing base.
Neither party has released the terms of the agreement or the amount of monies involved in the purchase.
From the press release:
Sturm, Ruger & Company, Inc. (NYSE: RGR) is pleased to announce the asset purchase of
Anderson Manufacturing, a manufacturer of firearms and firearm accessories based in
Hebron, Kentucky. This strategic purchase includes Anderson’s manufacturing facility
and machinery and will provide Ruger the opportunity to work with a skilled and
experienced workforce, strengthening its production capabilities and expanding its
product offerings.
Located in a firearms-friendly region, the facility brings valuable expertise in the
production of both firearms and aftermarket parts and accessories – areas that
complement and enhance Ruger’s existing offerings.
“This acquisition is an incredible opportunity to advance our long-term strategy and
expand Ruger’s capacity,” said Todd Seyfert, President and CEO of Ruger. “We’re excited
to welcome members from the talented team at Anderson Manufacturing and leverage
their knowledge and infrastructure to better serve our customers. This move reinforces
Ruger’s position as a leader in the industry, and reiterates my focus on continued
growth, even as others scale back.”
Ruger will not continue the Anderson Manufacturing brand or its firearms products.
Instead, the Company will integrate the facility’s capabilities into its broader operations,
with a focus on launching new products, expanding Ruger’s popular product lines and
growing its established accessories business.
Customers, distributors, and partners can continue to expect the high standards of
quality, reliability and service that define the Ruger brand. This acquisition underscores
Ruger’s commitment to American manufacturing and its mission to deliver innovative,
reliable products to the firearms community.
