Topic: Freedom Group, Inc. Acquires Para USA, Inc. (Read 255 times)

imschur · « **on:** January 31, 2012, 07:29:59 PM »

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 ( LDA ™) 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.

About Freedom Group, Inc.
Freedom Group is the world's leading innovator, designer, manufacturer, and marketer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, Parker, Mountain Khakis, AAC, and Dakota. The Company distributes its products throughout the U.S. and in over 80 foreign countries. More information about the Company can be found at www.freedom-group.com.

The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Jessica Kallam
Jessica.kallam@freedom-group.com
(800) 243-9700 ext. 8578 (Press only)

98Z5V · « **Reply #1 on:** January 31, 2012, 08:06:18 PM »

They just won't stop, will they?...

edgecrusher · « **Reply #2 on:** January 31, 2012, 08:29:41 PM »

they are the ones who will destroy our hobby. eventually they will side with a political candidate who will be anti gun and they have so much power in the industry that new laws will end up being written. also, since when has a monopoly ever been good for anything other than a board game. i will not support any of their products

imschur · « **Reply #3 on:** January 31, 2012, 08:41:09 PM »

Well cant blame Freedom Group for the quality nose dive. Para started that on their own. Too bad, I was a loyal supporter until my PDA LDA

unforgiven · « **Reply #4 on:** January 31, 2012, 09:00:54 PM »

So then these guys gobble up companies to eventually smash the 2nd ammendment? Is this part of Holders plan?

edgecrusher · « **Reply #5 on:** January 31, 2012, 09:21:01 PM »

no, i just said that because large conglomerates tend to chose political sides with candidates based on incentives given in back door meetings. brady, holder, and any/or other could end up screwing these people up as far as i'm concerned. business people don't think the same as you or i, all they see is profit margins and power. i just don't like the way freedom has gone about scooping all these companies up, especially with what they did at aac

98Z5V · « **Reply #6 on:** January 31, 2012, 09:35:27 PM »

Quote from: edgecrusher on January 31, 2012, 09:21:01 PM

i just don't like the way freedom has gone about scooping all these companies up, especially with what they did at aac

Ditto.

survivalshop · « **Reply #7 on:** February 01, 2012, 07:05:15 AM »

Quote from: edgecrusher on January 31, 2012, 08:29:41 PM

they are the ones who will destroy our hobby. eventually they will side with a political candidate who will be anti gun and they have so much power in the industry that new laws will end up being written. also, since when has a monopoly ever been good for anything other than a board game. i will not support any of their products

Lets hope they are not counting on that .I think as long as money is being made , they will keep them going . Money talks & politician's come & go .

Dusty44 · « **Reply #8 on:** February 01, 2012, 11:31:45 AM »

Our civilization depends on communication. Communication is the exchange of ideas and then in other contexts, trade and travel.

The gun gave individuals the power to force ever freer communications. Initially it was those primitive hand cannon and carved messages that could be printed on paper. Gun technology and printing improved and the parameters of Western Civilization began an exponential rise. Recently, communications in the form of electronics and aircraft has reached asymptotic levels. It is too much for the elite power class to cope with. Control and suppression of the lesser classes is threatened by communication. Communication is supported, ultimately, by the gun. It is necessary, therefore, for the gun to be eliminated from the hands of common people. Then communication of ideas can be shut down and after that whatever suppression, control, oppression may seem desirable to the power holders can be accomplished.

"Rule Of Law" seems to be a British Empire idea. Guns are being taken away from the nations who were a part of that Empire or who owe their origins to the British Empire. Note the levels of corruption extant in nations who were under the control or who owe their origins to the other Colonial Powers. Guns and good communications have never been allowed to ordinary persons in those nations.

America is now the Keystone of Western Democracy/Culture. A major effort/war is being conducted by the power/money elite (Warren Buffet said it in so many words) to re-establish total control. Guns must be suppressed, eliminated, or controled to the point where they are useless. Then all other "rights" can be disregarded or eliminated. All wealth and power will be back in the hands of the very few.

Survival of the "Second Amendment" is about survival of individual freedom and standard of life everywhere. Without the freedom to have guns and open communications, the entire planet will quickly revert to the conditions of the Dark Ages, albeit probably with a lot of contemporary technology, but still with no real ability of the ordinary person to know or have anything beyond his own physical reach.

Read, in order: "A World Lit Only By Fire;" "Empire Of The Summer Moon;" "Last Stand." Think not only about the historical events and the 'Cowboys & Indians' but about the changes in civilizations/cultures and the flow of power among classes as communications improved/changed and how that related to the guns available to individuals. ". . . Summer Moon" and "Last Stand" also describe the basic functioning and collective will of mankind, but should be read so there is context and continuity with "A World Lit Only By Fire."