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6/26/2012 5:18 PM ET

Sturm, Ruger & Co., Inc. (NYSE: RGR) said it has purchased a minority interest in Kodabow, Inc., a crossbow manufacturer based in West Chester, PA. Ruger's investment will help Kodabow accelerate its business plans and expand its infrastructure.

Sturm, Ruger was founded in 1949 and is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market.

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