In March 2012 , Robert Nardelli stepped down as CEO of Freedom Group and as head of the operations and advisory business of Cerberus Capital Management LP and became adviser to Stephen Feinberg , the head and founder of Cerberus . He became CEO of Freedom Group in September 2010 as the North Carolina-based gun maker searched for a permanent CEO . In December 2012 , citing the Sandy Hook Elementary School shooting as " a watershed event that has raised the national debate on gun control to an unprecedented level , " Cerberus announced it would sell all of its investments in Freedom Group . The private equity firm said it would retain a financial adviser to sell its interests in Freedom Group , and would return the proceeds to investors . The decision was made after a California pension board , a Cerberus stakeholder , announced it would dispose of all stakes it held in firearms manufacturers that make weapons banned by state law . As of February 2018 , Cerberus still owns the company
Sandy Hook Elementary School shooting
Sandy Hook Elementary School shooting
Remington Outdoor Company