DPMS Prepares for Future Under New Ownership Focus on developing innovative products and serving our customers



    ST. CLOUD, Minn., Dec. 13 /PRNewswire/ -- DPMS, a leading supplier of
 AR15 based rifles, parts and accessories announced today that its assets
 have been acquired by an affiliate of Cerberus Capital Management, L.P.
 
     Randy Luth, DPMS founder and President, remarked, "We were looking for
 a partner that could enhance our expertise in operations and further
 develop our sales and marketing capabilities. Cerberus is a partner that
 can help us in those areas and provide the financial and operational
 resources required to expand our business. We look forward to working with
 them. After starting this business 21 years ago, I couldn't be more excited
 about our prospects for the future, both in terms of the growth we believe
 we can achieve and the level of satisfaction and value we can provide to
 our customers."
 
     In connection with the transaction, Mr. Luth will remain President of
 the newly formed DPMS Firearms, LLC and will continue to oversee the
 strategic and operational aspects of DPMS. Added Mr. Luth, "I would like to
 thank our employees, first and foremost. Their hard work, and the support
 of our dedicated customers, has brought us to where we are today. As we
 look forward, we see increased interest in our new calibers, based on the
 proven DPMS 'LR' rifle platform. With our technical expertise and the
 commitment of our new owners, we intend to broaden the breadth and depth of
 our rifle and accessories offerings to current and new markets. We will
 continue to provide not only great value to our loyal customers, but also
 the high level of customer service we are known for."
 
     The March Group, a private investment banking firm based in Nashville,
 TN, acted as financial advisor to DPMS. Principal Brantley Kemp was
 responsible for managing the transaction and advising DPMS on its strategic
 alternatives.
 
     About DPMS Firearms, LLC
 
     Headquartered in St. Cloud, Minnesota, DPMS Firearms, LLC manufactures
 and distributes a complete line of AR15 based rifles and components, as
 well as rifle platforms in other calibers. DPMS systems are in use by law
 enforcement agencies, military personnel and civilians worldwide, including
 the U.S. Border Patrol, security agencies in Iraq, the Jordanian army,
 America's top competitive shooters and big game hunters.
 
 
Media Contact For DPMS Firearms Dustin Emholtz: 1-800-578-3767

SOURCE DPMS

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