Sturm, Ruger acquires Anderson Manufacturing assets; will integrate facility, discontinue brand

STURM RUGER & CO INC

Asset purchase of Anderson Manufacturing, a firearms manufacturer based in Hebron, Kentucky, includes facility and machinery.
Ruger will not continue the Anderson brand; will use capabilities to launch new products and expand existing lines.
CEO Todd Seyfert says acquisition advances long-term strategy, expands capacity, and reinforces Ruger as industry leader.
No financial terms of the asset purchase were disclosed in the press release.

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