Sturm, Ruger & Company, Inc. announced the asset purchase of Anderson Manufacturing, the U.S.-manufacturer of firearms, parts and accessories based in Hebron, KY.
The company did not disclose the purchase price.
The purchase, including Anderson’s manufacturing facility and machinery, is expected to strengthen Ruger’s production capabilities and expand its product 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, focusing on launching new products, expanding Ruger’s product lines and growing its established accessories business.
Image courtesy Anderson Manufacturing
