Who Owns Mossberg?
Mossberg, a well-known brand in the firearms industry, has a rich history spanning over 100 years. But have you ever wondered who owns Mossberg? Let’s dive into the ownership history of this iconic company.
Early Years: Mossberg Family Ownership
The company was founded by O.F. Mossberg & Sons in 1903 by Oscar F. Mossberg, a Norwegian immigrant who arrived in the United States in 1896. Initially, the company started as a small toolbox operation, manufacturing shotguns, rifles, and revolvers. The Mossberg family remained involved in the business for over 75 years, with Oscar’s sons, O.F. "Ted" Mossberg and Carl Mossberg, joining the company in the 1920s. The family-owned business operated for several decades, focusing on producing high-quality shotguns and rifles.
Acquisition by SH Group in 1980
In 1980, O.F. Mossberg & Sons was acquired by Saco Defense Group (SH Group), a major firearms manufacturer based in Georgia. Under SH Group, Mossberg continued to innovate and expand its product lines, introducing new rifles and shotguns. Although the Mossberg family was no longer directly involved in the company, they retained some ownership and remained closely connected to the brand.
Layoffs and Reorganization (2001)
In 2001, SH Group experienced significant financial difficulties, resulting in mass layoffs and significant reorganization of the company. This shake-up led to a change in ownership, with Citigroup Venture Capital and Pegasus Capital Advisors acquiring a majority stake in Mossberg.
Changes in Ownership (2013)
In 2013, SCH Group, a leading distributor of outdoor and shooting products, acquired Citigroup Venture Capital’s stake in Mossberg. Pegasus Capital Advisors, which still held a significant stake in the company, continued to play an important role in Mossberg’s operations.
Today’s Ownership Structure
Fast forward to today, Mossberg is a subsidiary of SCH Group (), a privately held company headquartered in Atlanta, Georgia. SCH Group, which operates under the holding company SCH Family of Companies, maintains majority ownership of Mossberg.
Current Management Team
The current management team at Mossberg includes Iver Mossberg, President and CEO, and Steve Monteleone, Executive Vice President. While the Mossberg family is no longer directly involved in the day-to-day operations, they remain active supporters of the brand, participating in company events and showcasing their legacy.
Manufacturing and Operations
Mossberg operates three major manufacturing facilities in:
- Macon, Georgia: This facility primarily focuses on producing shotguns.
- Ogden, Utah: This site is responsible for rifle manufacturing.
- East Longmeadow, Massachusetts: This facility serves as Mossberg’s headquarters and supports various business functions, including sales, marketing, and customer service.
What’s Next for Mossberg?
As the world of firearms continues to evolve, Mossberg is positioned to adapt and grow under the guidance of its new ownership structure. The company remains committed to its founding principles of quality, innovation, and customer satisfaction, ensuring its continued presence as a leader in the firearms industry.
Summary Table: Mossberg’s Ownership History
| Period | Ownership Structure |
|---|---|
| 1903-1980 | Mossberg Family Ownership |
| 1980-2001 | SH Group Ownership |
| 2001-2013 | Citigroup Venture Capital and Pegasus Capital Advisors Ownership |
| 2013-Present | SCH Group Ownership |
In conclusion, while the Mossberg family is no longer the sole owner of the company, their legacy remains intact. Today, Mossberg operates as a subsidiary of SCH Group, maintaining a strong commitment to producing high-quality firearms and engaging with the firearms community.
Note: This article’s ownership structure and timeline information was gathered from publicly available sources, including news articles and company reports. Please reach out if you need more information or clarification.
