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Ruger Invests in Crossbow Company

Ruger has purchased a minority interest in Kodabow, Inc., a Pennsylvania based crossbow manufacturer.

6/27/2012


Sturm, Ruger & Compancy, Inc. has announced that it has purchased a minority interest in Kodabow, Inc., a crossbow manufacturer that's based in West Chester, Pa.


Ruger's investment is meant to accelerate Kodabow's business plans and expand the company's infrastructure. Ruger President and CEO Michael O. Fifer said that the move reflects Ruger's interest in participating in one of the faster growing segments of the hunting market.


"Crossbows are increasingly becoming a new and exciting choice for outdoor-oriented consumers as they bridge the gap between traditional archery and firearms," Fifer said. "Crossbows are gaining broader acceptance and more states are adopting crossbow hunting seasons. We have watched Kodabow make steady progress with its innovative crossbow platform and USA-based manufacturing. We expect that Kodabow will have a bright future and this Ruger investment will assist the company in moving forward."


For more information, go to Ruger.com. For more about Kodabow, visit Kodabow.com.


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