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RRMan03
06-06-09, 18:46
Black Hills Ammo is for sale.Just saw the ad in todays Wall Street Journal.
bigshooter
06-06-09, 20:05
Group buy?
RRMan03
06-06-09, 21:07
I think it said 6 mil.Cannot remember.
Submariner
06-07-09, 08:23
Black Hills Ammo is for sale.Just saw the ad in todays Wall Street Journal.

Link?
Sidewinder6
06-07-09, 10:41
Sounds like a death in the family or nasty divorce between a principal shareholder or partner? Usually a transaction like this would happen without quite all the hoopala I would imagine.

You have a company here with a government contract (or did have one) and ownership is not easily transitioned without impacting the value of the business and requires customer approval. That is why I thought of them going outside to find a buyer. All speculation on my behalf but if anyone gets the story on this, please post a follow up.
Voodoochild
06-07-09, 11:09
I know they just bought a new big ass facility.
Iraqgunz
06-07-09, 13:03
That's what I was thinking also. I believe it was January. I also did a search online in the WSJ and couldn't find anything.


I know they just bought a new big ass facility.
rubberneck
06-07-09, 13:07
What's the over under on Cerberus buying them?
SoDak
06-07-09, 22:33
I didn't see anything about this on the news centers in Rapid City either. I'm going to try and keep an eye out though to see if anything shows up regarding this.
SoDak
06-08-09, 10:23
Question for the OP. Did the ad specificaly mention BHA? Somone who read that ad on TOS claims it's just an ammo manufacturer in the Black Hills. There's a few other companies in the same area that might be the one in the ad.
Submariner
06-08-09, 12:00
All,
The company for sale is NOT Black Hills Ammunition. We just expanded into a nice new facility and we like it here.:D Jeff Hoffman

Whew!
Sidewinder6
06-08-09, 13:06
Same thing I saw after poking around a bit. WSJ ran a news squib regarding an Energy company in Iowa by the same name on June 3rd.

Then there IS this link:

http://www.blackhillsproperty.com/

This was only a fire drill. :D
ST911
06-09-09, 17:01
http://www.rapidcityjournal.com/articles/2009/06/09/news/top/doc4a2e9223781c8666702863.txt


Sturgis ammunition maker sold to Remington
By Black Hills Weekly Group staff | Tuesday, June 09, 2009

Sturgis’ leading ammunition dealer is under new ownership.

Remington Arms Company, Inc. announced through its fully owned subsidiary DA Acquisitions LLC has entered into a purchase agreement to acquire certain assets of Sturgis-based Dakota Arms LLC. The transaction closed Friday, June 5, and includes the Dakota, Miller Arms, Dan Walter and Nesika Bay Precision brands.

Al Russo, a company spokesman for Remington Arms, said the manufacturing plant in Sturgis will remain open.

“We have no immediate plans to move at this time,” Russo said.

The business currently employs 35 people who all will be retained and be considered Remington employees.

Dakota Arms was established in 1982 and is the leading manufacturer of custom and semi-custom rifles for sporting markets.

“Dakota Arms is an icon within the industry, and its fine products exemplify quality, craftsmanship, and attention to detail,” Ted Torbeck, CEO Remington Arms Company Inc., said in a release.

“We look forward to continue to develop and expand the Dakota brand,” Torbeck added. “We also thank all its employees for their continued dedication and success of Dakota Arms.”
Iraqgunz
06-09-09, 18:18
Holy shit.


http://www.rapidcityjournal.com/articles/2009/06/09/news/top/doc4a2e9223781c8666702863.txt
Sidewinder6
06-09-09, 20:44
Unrelated busiess, Yes?