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 . contents 1 history 2 products 3 production relocation 4 notes 5 external links history edit 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 edit 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 6.8 mm 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 edit 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 edit st. cloud gunmaker moving to alabama . st. cloud times . may 16 2014 . dpms acquired by cerberus . joins bushmaster and remington . accurateshooter.com bulletin in unusual move cerberus to sell freedom group a gun company nytimes.com st. cloud gunmaker moving to alabama . st. cloud times . may 16 2014 . nra 2006 golden bullseye awards dpms lr 338 an ar style rifle chambered in .338 federal for serious hunting . remington arms moving two assembly lines from ilion to alabama because of ny safe act senator says . syracuse.com . may 16 2014 . remington to move production of two gun lines from new york to alabama remington arms moving 1200 jobs from ny to alabama minnesota st. cloud based gun maker moving to alabama st. cloud gunmaker moving to alabama external links edit dpms panther arms a review of the lr 308 from american rifleman v t e freedom group subsidiaries advanced armament corporation bushmaster firearms international h & r firearms para usa remington arms dpms panther arms marlin firearms advanced armament corporation 300 aac blackout h & r firearms h & r handy gun m50 reising v t e cerberus capital management banks bawag p.s.k. albertsons acme markets albertsons amigos carrs haggen jewel osco lucky market street pavilions randalls safeway shaw s and star market super saver tom thumb united supermarkets vons freedom group advanced armament corporation barnes bullets bushmaster firearms international dakota arms dpms panther arms h & r firearms marlin mountain khakis para usa parker gunmakers remington arms tapco yp holdings yp connecticut information services yp midwest publishing yp southeast advertising & publishing yp texas region yellow pages yp western directory yellowpages.com other blue bird corporation bluelinx holdings dyncorp hawaiian telcom silverleaf resorts spyglass entertainment steward health care system tower international retrieved from https en.wikipedia.org w index.php title dpms panther arms & oldid 731853429 categories firearm manufacturers of the united states7 .62 mm firearmscompanies based in minnesotast . cloud minnesotacerberus capital management companies navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages polski edit links this page was last modified on 27 july 2016 at 22 45 . text is available under the creative commons attribution sharealike license ; 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