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Ominivision1 Super Member
Joined: Sep 20, 2010 Posts: 2984 Location: Iowa
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Posted: Mon Nov 05, 2012 10:24 am Post subject: Freedom Group (Remington) buys Tapco |
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I don't know if I like this or not with all manufactures under one roof. Tapco was a moderate line of accessory's for shotguns, ak, ar, etc platforms. What stinks in the milk is the freedom group is a private company and I don't think they are regulated by the feds.
www.thefirearmblog.com...res-tapco/
_________________ Regards
Limitations are but boundaries created inside our minds. |
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MacD Super Member
Joined: Apr 08, 2011 Posts: 1052 Location: Canada
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Posted: Mon Nov 05, 2012 3:27 pm Post subject: Re: Freedom Group (Remington) buys Tapco |
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Freedom Group is owned by Cerberus which was founded by Steve Feinburg who is a stauch supporter of the Republican party. Dan Quail works for Cerberus. I would be more worrued that they will leverage the companies they own with debt and claw out as much equity in dividends as possible. This is the pattern of investment in the manufacturing sector that has hurt so many people and made the rich even richer. These investments are then packaged for sale to the middle class in funds. It is them who take the capital value hit when the inevititable weight of all that debt forces the company to restructure. That usually means moving production out to China while keeping the value built up in the company name and product trademarks. In some caes it judt means folding the company up or bankrupcy and selling the name and trademarks. Not all vultures have wings.
_________________ La a'Blair s'math n Cairdean
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RePete Super Member
Joined: Aug 15, 2005 Posts: 1035 Location: Gods Country
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Posted: Wed Nov 07, 2012 8:19 am Post subject: Re: Freedom Group (Remington) buys Tapco |
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I think that the acquisition means that any quality that Tapco had with be gone.
_________________ Proud member of the WTFDTSG Club.
Stercus Accidit = Sh*t Happens in Latin.
Nice try = You Suck spelled different.
My parents spanked me as a child. As a result, I now suffer from a psychological condition known as RESPECT FOR OTHERS. |
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Eremius Member
Joined: Dec 04, 2011 Posts: 92 Location: Owosso, MI
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Posted: Wed Nov 07, 2012 9:02 am Post subject: Re: Freedom Group (Remington) buys Tapco |
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RePete wrote: |
I think that the acquisition means that any quality that Tapco had with be gone. |
This seems to be their track record so far.
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Dimitri Super Member
Joined: Nov 25, 2005 Posts: 5944
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Posted: Wed Nov 07, 2012 10:06 am Post subject: Re: Freedom Group (Remington) buys Tapco |
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Cerberus Capital Management has been a boogy man since they bought Bushmaster, their first Firearms acquisition.
A number of these companies before the purchase of them were heading under, including Remington, and now their books are level. That is $252 million of debt that Cerberus wiped clean for Remington. It is not "small" change.
I don't know about anyone else, but TAPCO was never "Quality" in my mind, but bottom of the barrel accessories before the likes of Chinese firearm accessory brands came to the market.
Dimitri
_________________ A thousand hills, but no birds in flight, ten thousand paths, with no people's tracks. A lonely boat, a straw-hatted old man, fishing alone in the cold river snow. |
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English Mike Super Member
Joined: Jan 08, 2007 Posts: 1709 Location: Whitehaven, Cumbria, UK
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Posted: Wed Nov 07, 2012 10:49 pm Post subject: Re: Freedom Group (Remington) buys Tapco |
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Dimitri wrote: |
I don't know about anyone else, but TAPCO was never "Quality" in my mind, but bottom of the barrel accessories before the likes of Chinese firearm accessory brands came to the market.
Dimitri |
I'm with you on that matey - they were big in the FAL accessories market & apart from their excellent Gen4 railed top cover, most of their offerings in that area were marginally functional.
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RePete Super Member
Joined: Aug 15, 2005 Posts: 1035 Location: Gods Country
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Posted: Thu Nov 08, 2012 3:14 am Post subject: Re: Freedom Group (Remington) buys Tapco |
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That's why I said ANY quality they had.
_________________ Proud member of the WTFDTSG Club.
Stercus Accidit = Sh*t Happens in Latin.
Nice try = You Suck spelled different.
My parents spanked me as a child. As a result, I now suffer from a psychological condition known as RESPECT FOR OTHERS. |
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Dimitri Super Member
Joined: Nov 25, 2005 Posts: 5944
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Posted: Thu Nov 08, 2012 5:52 pm Post subject: Re: Freedom Group (Remington) buys Tapco |
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I just figure zero minus zero is still a big zero.
Dimitri
_________________ A thousand hills, but no birds in flight, ten thousand paths, with no people's tracks. A lonely boat, a straw-hatted old man, fishing alone in the cold river snow. |
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