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.

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

Today's Poll Does CT's closure of the gasoline cleanup fund erode your trust in government?<>
Most Popular on Facebook
Copyright 2017 New England Business Media