A Dossier on Cerberus’s Freedom Group - Deal Journal - WSJ

A Dossier on Cerberus’s Freedom Group - Deal Journal - WSJ

A Dossier on Cerberus’s Freedom Group

By Michael Corkery

The WSJ reports tonight that Cerberus is preparing an initial public offering for Freedom Group, a little known company that it started in 2006 and has grown into a big player in the rifle industry.
The deal, of course, will prove to be a headline writer’s dream: (Cerberus Guns for IPO; Cerberus Aims to Take Freedom Group Public). It could also prove to be a profit machine for the private equity firm, as it cashes in on the growing market for guns and ammunition.
Here are some nuggets about Freedom Group:
Largest unit: Remington Arms Company. In April 2007, Cerberus bought the nearly 200 year-old rifle manufacturer for $118 million and assumed $252 million in debt. Remington sells guns and ammo for hunters, police and the military, including classic shotguns and state-of-the art sniper weapon systems. Remington was bought by the Dupont Corp. during the Great Depression and later by Clayton, Dubilier & Rice, a private equity firm, which sold the company to Cerberus.
Cerberus Fan: “One positive aspect to Cerberus’ involvement in the gun industry is that the huge political clout Cerberus commands as the “rescuer” of Chrysler Corp. (which Cerberus also acquired) should undermine efforts to ban AR-platform rifles,’’ wrote the Accurate Shooter.com in December 2007. “Cerberus is big enough to make waves in Washington. Money talks in politics and Cerberus has lots of it.”
Cerberus Critic: “Understandably, Cerberus is trying to brand their firearms companies under a new name: Freedom Group, Inc. I’m sure they’ve probably conducted a poll that finds gun owners are not the types who are thrilled with a private group taking $4 billion in tax dollars to bailout one of the worst investments: Chrysler. This would be the same firm that decided to take out full page ads in USA Today, The Wall Street Journal and the Atlanta Journal-Constitution to the tune of $400K+ thanking taxpayers for giving up their hard earned dough to continue supporting a dying company….. I’m saying it in the interest of full disclosure since I have a history of calling out PR campaigns for what they are,’’ wrote ‘Bitter’ on the blog “Bitchin’ in the Kitchen” in Feb. 2009
Cerberus’s Gun Guy: George Kollitides, a Cerberus managing director, is helping oversee Freedom Group. He has twice run unsuccessfully for an NRA board seat. His campaign platform says he’s a “true sporting sportsman” who has “lobbied for the Second Amendment politically, in the field and on the range.” In endorsing his 2009 candidacy, Guns & Ammo magazine said Kollitides “is a person who is engaged in the shooting sports industry on a daily basis and lives in our world of hunting and shooting.”
Lethal Weapon: Remington makes the R-15, a semi-automiatic rifle in the AR-15 family of guns. Remington markets the R-15 to the “modern predator aficionado.”
Another Freedom Group Holding: Advance Armament Corp. which makes silencers for hand guns and submachine guns and has a skull for a company logo.
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SOMETHING YOU MAY NOT KNOW THAT IS HAPPENING

Subject: 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 somedigging 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.

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.