Sturm, Ruger & Company, Inc. (RGR) recently acquired Anderson Manufacturing, a firearms manufacturer in Kentucky. The purchase includes the facility and equipment, enhancing production capabilities. CEO Todd Seyfert expressed excitement about the expansion and integration of Anderson’s resources into Ruger’s operations. The move solidifies Ruger’s industry leadership position. The company will not maintain the Anderson brand but will incorporate the facility into its operations. Sturm, Ruger & Company, Inc. specializes in pistols, rifles, and revolvers. While RGR shows investment potential, other AI stocks may offer better returns.

Read more at Yahoo Finance: Sturm, Ruger & Company, Inc. (RGR) Announces Asset Purchase of Anderson Manufacturing