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Remington Arms has reportedly acquired LAR Manufacturing, Inc., a manufacturer of component parts for M16 and AR15-platform rifles and LAR Grizzly firearms.
Although Remington has not officially announced its LAR acquisition, LAR Manufacturing has confirmed the buyout.
Earlier this month, Remington acquired The American Parts Company Inc. (TAPCO), a designer and marketer of aftermarket accessories and replacement parts for firearms, with an emphasis on tactical-style modern sporting rifles.
Headquartered in West Jordan Utah, LAR Manufacturing has been producing firearms and firearms components since 1968.
LAR is a U.S. government contractor and has supplied firearms parts and tripod mounts to the U.S. military.
They currently supply AR15-platform gun components to many firearms manufacturers, including the Freedom Group companies Bushmaster, Remington, and DPMS. LAR is also known for its Grizzly Big Boar .50BMG rifle and .50BMG Tactical Rifle.
Industry insiders report that Remington had recently tapped LAR to help it fulfill its new five-year, $84 million contract to manufacture M4 rifles for the U.S. Army.
As outlined in the following list, this is the latest in a series of strategic acquisitions made by Remington and its holding company, Freedom Group, Inc. (FGI ), since Cerberus Capital Management – which bought Bushmaster Firearms in 2006 -- acquired Remington in 2007:
DPMS (Defense Procurement Manufacturing Services) Panther Arms: Tactical-style military and civilian rifles (December, 2007).
The Marlin Firearms Company (lever-action and bolt-action rifles) and Harrington & Richardson (break-action single-shot rifles and shotguns) ($48.1 million; January, 2008).
EOTAC, LLC: Tactical clothing primarily for law enforcement and military personnel ($0.5 million/62% ownership; September, 2008).
INTC USA, LLC: Lead-free centerfire and shotshell projectiles, frangible bullets, and loaded ammunition products ($1.5 million/27% ownership; November, 2008).
Dakota Arms, LLC: Niche high-end rifles, shotguns, and ammunition for large/safari game ($1.8 million; June, 2009).
Advanced Armament Corp.: Silencers/firearms accessory products, primarily for law enforcement and military weapons ( $11.1 million; October, 2009).
Barnes Bullets, Inc. , Premium, lead-free centerfire bullets and loaded ammunition for hunting, law enforcement, and military use ($25.6 million; December, 2009).
Mountain Khakis, LLC : Outdoor lifestyle apparel specializing in pants and shorts (75% ownership; May, 2010).
Para USA, LLC: semi-automatic handguns ($5 million; January, 2012).
The American Parts Company Inc. (TAPCO).a designer and marketer of aftermarket accessories and replacement parts for firearms, including magazines, grips, slings, and mounts (November, 2012).
As well as the recent TAPCO announcement and their purchase of some Cobb patents a few years back, The Freedom Group consists of the following:
1.Advanced Armament Corporation
2.Barnes Bullets
3.Bushmaster
4.Dakota Arms
5.DPMS / Panther Arms
6.H&R 1871
7.Marlin Firearms
8.Mountain Khakis
9.Para USA (Para Ordnance)
10.Parker Gunmakers
11.Remington
12.Remington LE
13.Remington Military
14.Remington PMPD
Although Remington has not officially announced its LAR acquisition, LAR Manufacturing has confirmed the buyout.
Earlier this month, Remington acquired The American Parts Company Inc. (TAPCO), a designer and marketer of aftermarket accessories and replacement parts for firearms, with an emphasis on tactical-style modern sporting rifles.
Headquartered in West Jordan Utah, LAR Manufacturing has been producing firearms and firearms components since 1968.
LAR is a U.S. government contractor and has supplied firearms parts and tripod mounts to the U.S. military.
They currently supply AR15-platform gun components to many firearms manufacturers, including the Freedom Group companies Bushmaster, Remington, and DPMS. LAR is also known for its Grizzly Big Boar .50BMG rifle and .50BMG Tactical Rifle.
Industry insiders report that Remington had recently tapped LAR to help it fulfill its new five-year, $84 million contract to manufacture M4 rifles for the U.S. Army.
As outlined in the following list, this is the latest in a series of strategic acquisitions made by Remington and its holding company, Freedom Group, Inc. (FGI ), since Cerberus Capital Management – which bought Bushmaster Firearms in 2006 -- acquired Remington in 2007:
DPMS (Defense Procurement Manufacturing Services) Panther Arms: Tactical-style military and civilian rifles (December, 2007).
The Marlin Firearms Company (lever-action and bolt-action rifles) and Harrington & Richardson (break-action single-shot rifles and shotguns) ($48.1 million; January, 2008).
EOTAC, LLC: Tactical clothing primarily for law enforcement and military personnel ($0.5 million/62% ownership; September, 2008).
INTC USA, LLC: Lead-free centerfire and shotshell projectiles, frangible bullets, and loaded ammunition products ($1.5 million/27% ownership; November, 2008).
Dakota Arms, LLC: Niche high-end rifles, shotguns, and ammunition for large/safari game ($1.8 million; June, 2009).
Advanced Armament Corp.: Silencers/firearms accessory products, primarily for law enforcement and military weapons ( $11.1 million; October, 2009).
Barnes Bullets, Inc. , Premium, lead-free centerfire bullets and loaded ammunition for hunting, law enforcement, and military use ($25.6 million; December, 2009).
Mountain Khakis, LLC : Outdoor lifestyle apparel specializing in pants and shorts (75% ownership; May, 2010).
Para USA, LLC: semi-automatic handguns ($5 million; January, 2012).
The American Parts Company Inc. (TAPCO).a designer and marketer of aftermarket accessories and replacement parts for firearms, including magazines, grips, slings, and mounts (November, 2012).
As well as the recent TAPCO announcement and their purchase of some Cobb patents a few years back, The Freedom Group consists of the following:
1.Advanced Armament Corporation
2.Barnes Bullets
3.Bushmaster
4.Dakota Arms
5.DPMS / Panther Arms
6.H&R 1871
7.Marlin Firearms
8.Mountain Khakis
9.Para USA (Para Ordnance)
10.Parker Gunmakers
11.Remington
12.Remington LE
13.Remington Military
14.Remington PMPD