Savage Arms’ New Owner, Expansion Plans Highlight Need For New Hunters

By Cam Edwards

Brian Gehring /The Bismarck Tribune via AP, File

Savage Arms, the longtime Massachusetts gun manufacturer, has new owners, and it sounds like they plan to build the brand and not just rely on its heritage name.

Savage Arms, newly acquired by a group of private investors headed by CEO and President Al Kasper, will soon be looking to expand as it takes advantage of its new independence.

“We’ll be looking for acquisition opportunities,” Kasper said in a recent interview. “Businesses that are in the same space in the marketplace where we are and that will allow us to take full advantage of our manufacturing capabilities.”

That marketplace space, according to Kasper, is squarely within the hunting and target shooting spheres, so don’t look for the Savage SBR anytime soon. The fact that a group of investors sees a profitable future in hunting and target shooting is a good thing, but the fact that the purchase price of $170-million was considerably less than the $315-million ATK paid for Savage back in 2015 also serves as a reminder that the industry has been largely stagnant or in a slow decline for decades.

As Savage’s new owners work to expand its space in the …Read the Rest

Source:: Bearing Arms