Manufacturing & Industrial
Manufacturing companies, firearms, and industrial producers
What PE Ownership Means for This Industry
200+ years of history ended
PE ownership destroyed America's oldest gun maker after 200 years
Cerberus Capital acquired Remington Arms (est. 1816) in 2007 and loaded it with debt. After two bankruptcies, the company was broken up and sold in pieces, ending over 200 years of American manufacturing history.
Source: New York Times, 2020
PE-Owned Brands
Remington Arms
Owned by Cerberus Capital
Cerberus acquired America's oldest gun manufacturer (founded 1816) in 2007 via LBO. Loaded with debt, filed bankruptcy in 2018 and again in 2020, ultimately broken up and sold in pieces. ~3,500 jobs lost.
4 locations tracked
Veyance Technologies (Continental Tires)
Owned by The Carlyle Group
Carlyle Group acquired Continental AG's power transmission and conveyor belt business for $1.9B in 2014, rebranding it Veyance Technologies. Sold back to Continental for $1.9B in 2015 after restructuring.
0 locations tracked