DPMS Panther Arms

DPMS Panther Arms
Subsidiary
Industry Firearms
Founder Randy Luth
Headquarters St. Cloud, Minnesota, United States
Area served
 Worldwide
Products Firearms
Owner Freedom Group
Website www.dpmsinc.com

DPMS (Defense Procurement Manufacturing Services) Panther Arms manufactures a wide range of military and civilian rifles in Huntsville, Alabama.

History

Randy Luth founded Defense Procurement Manufacturing Services (DPMS) in 1985 in Osseo, Minnesota as a precision machine shop for manufacturing M203, M14 and M16 parts for U.S. military contracts. He also developed many patents. In the later 1990s he employed 30 people selling Colt 1911 and AR-15 parts and accessories and moved the company to Becker, Minnesota. Luth later worked with a manufacturer of lower receivers and began producing AR-15 modern sporting rifles (MSR).

Luth moved DPMS into a St. Cloud, Minnesota facility next to the Del-Tone/Luth Gun Club in 2004. In 2007 the firm was named one of The Minneapolis-St. Paul Business Journal's "50 fastest-growing privately held companies." DPMS doubled its revenue between 2004–07 and employed 65 people in 2008.[1]

Freedom Group purchased DPMS Panther Arms on December 14, 2007, the same year it purchased Marlin Firearms. Freedom Group is a consortium of firearms manufacturers and part of Cerberus Capital Management which is a New York private equity investment firm. Cerberus combined DPMS with Bushmaster Firearms International, Remington Arms and Cobb Manufacturing to form the Freedom Group.[2] Remington is the company's immediate corporate parent.

On December 20, 2012, Cerberus announced they were selling their Freedom Group brands, including DPMS, based on pressure from a California pension board.[3] This transaction has failed to occur as of May 2014.[4]

Products

The company manufactures AR-15-style rifles chambered for the .223 Remington, 5.56×45mm NATO, .308 Winchester, .260 Remington, .300 Remington SA Ultra Mag, 6.8mm Remington SPC, and .204 Ruger cartridges, among others.

The company attracted attention within the firearms industry with its version of the AR-10, the Panther LR-308, earning the NRA Publication's magazine Shooting Illustrated 2005 Golden Bullseye Award for Rifle of the Year. In 2006 the "Panther LR-308AP4" earned the NRA Publication's magazine American Rifleman Golden Bullseye Award for Rifle of the Year.[5] In 2008, DPMS introduced the LR-338 chambered in the .338 Federal cartridge.[6]

Production relocation

DPMS's St. Cloud production facility with 115 employees was closed and production has been moved to Remington's new state of the art non-union facility in Huntsville, Alabama, which will employ 2,000 people in 10 years. Remington's Ilion, New York, production facility closed down two production lines for their Bushmaster AR modern sporting rifle (MSR) and R-1 1911 pattern pistol and moved them to Huntsville. In 2014 Remington moved production of two gun lines and 150 jobs from New York to Alabama because of New York state's excessive anti-gun laws which banned the sale of those products in the state,[7] and consolidated its production from six locations into Huntsville in order to increase efficiency, and reduce production and labor costs.[8][9][10][11] The six companies being relocated were: Advanced Armament Corp, Lawrenceville, Georgia; Montana Rifleman, Kalispell, Montana; TAPCO, Kennesaw, Georgia; LAR Manufacturing, West Jordan, Utah; Para USA (formerly Para-Ordnance), Pineville, North Carolina; and DPMS, St. Cloud, Minnesota.

Notes

  1. ↑ "St. Cloud gunmaker moving to Alabama". St. Cloud Times. May 16, 2014.
  2. ↑ DPMS Acquired By Cerberus. Joins Bushmaster and Remington. « AccurateShooter.com Bulletin
  3. ↑ In Unusual Move, Cerberus to Sell Freedom Group, a Gun Company - NYTimes.com
  4. ↑ "St. Cloud gunmaker moving to Alabama". St. Cloud Times. May 16, 2014.
  5. ↑ NRA 2006 Golden Bullseye Awards
  6. ↑ "DPMS LR-338: An AR-Style Rifle Chambered in .338 Federal For Serious Hunting".
  7. ↑ "Remington Arms moving two assembly lines from Ilion to Alabama because of NY Safe Act, senator says". Syracuse.com. May 16, 2014.
  8. ↑ Remington to move production of two gun lines from New York to Alabama
  9. ↑ Remington Arms moving 1200 jobs from NY to Alabama/
  10. ↑ Minnesota St. Cloud based gun maker moving to Alabama
  11. ↑ St. Cloud gunmaker moving to Alabama

External links

This article is issued from Wikipedia - version of the 7/27/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.