June 27, 2012 | last updated June 27, 2012 11:55 am

CT gunmaker Ruger takes aim at crossbow market

Sturm, Ruger & Co. Inc. bought a minority stake in Pennsylvania crossbow maker Kodabow Inc., giving the Fairfield firearms maker a toehold in a fast-growing segment of the hunting-products market, authorities say.

Based in West Chester, Pa., Kodabow says Ruger's unspecified investment enables it to accelerate its business plans and expand its infrastructure.

Ruger CEO Michael O. Fifer said crossbows are rapidly becoming the weapon of choice for hunters, bridging the gap between traditional archery and firearms.

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