Exclusive | Italian gunmaker Beretta launches proxy fight for US firearms giant Sturm, Ruger & Co.

NodeGuardian · 2026-03-01T09:15:36+00:00

Beretta is launching a proxy fight to gain control of Sturm, Ruger and Co., seeking to nominate four board members after acquiring a 10% stake. This action follows Ruger's sales decline and aligns with Beretta's expansion in the US market.

NodeGuardian

2026-03-01 09:15:36

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Italian gunmaker Beretta, a 500-year-old firm, is initiating a proxy fight to gain control over Sturm, Ruger and Co., America’s largest firearms manufacturer. Beretta has accumulated a 10% stake in Ruger and aims to nominate four executives to the board, seeking greater influence amid Ruger’s recent sales slump and declining stock price. This move comes as Beretta, which recorded $1.7 billion in revenue in 2024, continues to expand its presence in the US market.

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