Thursday, July 26, 2012

No, Remington's owner is NOT owned by a George Soros company

With the rise of the Internet and its joined-at-the-hip "social media" outlets, the threat of inaccurate information zipping around at near light speed is the evil twin of truth going forth with the same velocity.

For sportsmen and firearms enthusiasts that point is important. The reason being, a won't-stay-dead rumor continues to circulate that the firm owning Remington Arms and several other firearms companies is actually in the wallet of George Soros, a billionaire and one of the world's most vocal opponents of Second Amendment rights.

Consequently, at gun shows, sportsmen's clubs, and firearms-related social media outlets, Freedom Arms is getting a closed-looped and unjustified hit.

Here's the official word from a Remington Arms spokeswoman:

"Despite rumors to the contrary, Cerberus Capital Management, L.P. the firm which owns Freedom Group. Inc. (FGI), the holding company for such firearms manufacturers as Remington, Marlin, Bushmaster and DPMS, is in NO WAY affiliated with anti-gun activist George Soros.

"George Soros has never been a part of Freedom Group or Cerberus.  Further, as Cerberus is a privately owned corporation, run by sportsmen, shooters and firearms enthusiasts, we can say with great sincerity and certainty that George Soros will never be a part of the Freedom Group family of companies.

""If anyone should know whether George Soros is affiliated with either Freedom Group or Cerberus, it's me," said George Kollitides, the recently appointed Executive Chairman and Chief Executive Officer of FGI.  

"'I spent the last eleven years of my career at Cerberus and just recently stepped down to become executive chairman and chief executive officer of FGI. 

"'I did this in order to devote 100 percent of my time, effort and passion to a company I spent years building. 

"'I can emphatically proclaim, without the slightest of doubt, that George Soros has never, does not and never will own or be affiliated with Cerberus or Freedom Group'.

"To learn more about FGI, our officers, directors and owners, we encourage you to visit our website  

"For third-party, independent confirmation of our statement, we encourage you to visit any of the following unaffiliated web sites:"

Field and Stream

Ammoland (National Rifle Association)

Hope that helps to quell a rumor that never should have had legs to begin with.

- Jeffrey L. Frischkorn
Twitter: @Fieldkorn 

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