Sturm, Ruger & Company, Inc. (NYSE: RGR) has recently announced the acquisition of Anderson Manufacturing, a manufacturer of firearms and firearm accessories based in Hebron, Kentucky. This strategic purchase includes Anderson’s manufacturing facility and machinery, providing Ruger with the opportunity to work with a skilled and experienced workforce, strengthening its production capabilities and expanding its product offerings.
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, with a focus on launching new products, expanding Ruger’s popular product lines and growing its established accessories business.
As of the latest financial period, Ruger offers consumers almost 800 variations of more than 40 product lines across both the Ruger and Marlin brands. The company has been a model of corporate and community responsibility for more than 75 years.
The acquisition underscores Ruger’s commitment to American manufacturing and its mission to deliver innovative, reliable products to the firearms community. This move reinforces Ruger’s position as a leader in the industry and highlights the company's focus on continued growth, even as others scale back.
The acquisition of Anderson Manufacturing is an incredible opportunity to advance Ruger’s long-term strategy and expand its capacity. This strategic move will enable Ruger to leverage the knowledge and infrastructure of the talented team at Anderson Manufacturing to better serve its customers. The market has reacted to these announcements by moving the company's shares 1.16% to a price of $36.315. Check out the company's full 8-K submission here.
