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Gun makers fret as gun control consensus gains steam

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However, the firm that said it was neither statesman nor policymaker is run by two who were. Former Vice President Dan Quayle and former Treasury Secretary John Snow, both Republicans, are high-profile chairmen of Cerberus.

A person familiar with Cerberus operations said both men were actively involved in the firm’s investment decisions, but that he didn’t think either was involved in setting up Freedom Group. That company was formed after the 2007 acquisition of Bushmaster Firearms International. Bushmaster was renamed Remington Outdoor Co., and the popular Bushmaster AR-15, found on gunman Lanza, is still made in Madison, N.C.

While Cerberus announced plans to sell the company, its outside spokesman Peter Duda couldn’t say what would happen to the stock of weapons already made or whether production would stop in the interim.

Wal-Mart Stores Inc., one of the largest sellers of the Bushmaster AR-15, pulled its online promotional material for the weapon in deference to the events of last week.

“We don’t sell guns online and we have made no change to the assortment of guns we sell in our stores. We did have an informational page on walmart.com for this product, which we did take down in light of the tragic events,” Kory Lundberg, a Wal-Mart representative, told McClatchy Newspapers. “However, this product was never available for purchase on the site.”

Dick’s Sporting Goods, a Pittsburgh-based chain that operates 511 stores nationwide, announced on its website that it was halting sales of modern high-powered rifles such as the AR-15.

“Out of respect for the victims and their families, during this time of national mourning we have removed all guns from sale and from display in our store nearest to Newtown and suspended the sale of modern sporting rifles in all of our stores chainwide,” the company said on its website. Its representative didn’t return calls for further comment.

The reference to “modern sporting rifles” is a telling one. In its 2011 annual report, filed with the Securities and Exchange Commission this March 16, Dick’s Sporting Goods says in a section on risks that it doesn’t sell “assault weapons or automatic firearms.”

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