Industry veteran will act as COO, as well.
New products seen as drivers of market.
Ruger, which is based in Southport, currently has plants in Newport, N.H., and Prescott, Ariz., where it collectively employs more than 2,000 people.
Southport gun manufacturer Sturm, Ruger & Co. Inc. reported fourth-quarter 2012 earnings growth of 85 percent compared to the previous year on strong sales and new product introductions.
As Greenfield Partners readied a new fund, a report found that private equity capital raising more than doubled in the second quarter.
Even as it suspended new orders, Ruger sales shot up during the second quarter.
Sturm Ruger took a stake in Kodabow, a crossbow maker in West Chester, Pa.
After suspending new orders in March, Ruger is ringing up sales once more.
For a brief moment in time, UTC’s workforce dipped below the 200,000 mark, and other news on Fairfield County business.