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From Bushmaster's Website, dated 4/14/05:
http://www.bushmaster.com/documents/news/bushmaster_continues_to_grow_.asp
http://www.bushmaster.com/documents/news/bushmaster_continues_to_grow_.asp
Bushmaster Continues to Grow with New Owner
Windham, ME--April 14, 2006--We are very pleased to announce another important step in the growth of Bushmaster Firearms. The business of Bushmaster Firearms, Inc. has been acquired by an affiliate of Cerberus Capital Management, L.P.
Cerberus and its affiliated entities, headquartered in New York, manage funds and accounts with capital in excess of $18 Billion. The new company will be called Bushmaster Firearms International, LLC and its primary operations will remain in Windham, Maine and Lake Havasu City, Arizona. We will continue our 28 year history of commitment to providing high quality, affordable firearms, parts and accessories for Consumer, Law Enforcement, Military and International Customers. The new owners are committed to this company and these markets.
John DeSantis will continue as the CEO of the new company, and Richard Thurston and Allen Faraday will continue in their current roles as senior executives of Bushmaster. Chad Brooks will be joining Bushmaster as Chief Operating Officer. The new company will strive to capitalize on Bushmaster’s premier market position, and will continue to grow the business. Richard Dyke will serve on the Board of Directors.
As we continue to grow, we hope that you share our excitement about Bushmaster’s future, and our ongoing efforts to serve our customers with the highest quality products, the most responsive customer service, and the best delivery in the industry.
Sincerely,
John DeSantis, CEO
Bushmaster Firearms International, LLC
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