The story
The original Federal Cartridge and Machine Company was founded during the period of increased ammunition demand during the First World War, by brothers Harry and Louis Sherman. Experienced in the industry, the two found investors to establish a small plant on the eastern outskirts of Anoka, Minnesota to make shotgun shells. Due to conflicts with investors, the brothers left the company in early 1917 for the American Cartridge Company; seven years later this firm was acquired by Federal. The end of the First World War led to factory's closure in 1920.
On April 27, 1922, Charles L. Horn took control of the plant and refounded Federal Cartridge Corporation. Horn launched a distribution plan that involved merchandising Federal products in grocery stores, barbershops, and filling stations.
In 1940 the British Purchasing Commission contracted 1.4 million mortar ignition cartridges (essentially a type of blank 12-gauge shotgun cartridge). In the next year, Federal won an $87 million contract from the United States government (approx. $1.3 billion in 2010) to build and operate the $30 million Twin City Ordnance Plant. Federal ranked 59th among United States corporations in the value of World War II military production.
In 1977, William B. Horn introduced Federal's Premium line of centerfire rifle and shotshell ammunition. Federal also owned Hoffman Engineering, a company that made electronic enclosures.
In 1985, Federal was sold to a group of private investors including Kelso & Company, BancBoston Capital, and members of the management team. The two companies were united under the name Federal-Hoffman, Inc and taken private during the sale.
In 1988, Pentair Inc., a diversified manufacturer based in Minnesota, agreed to acquire FC Holdings Inc., the holding company for Federal-Hoffman Inc., for $175 million in cash and the assumption of debt. Federal-Hoffman has since split, and Federal was owned by Vista Outdoor Inc.
In February 2015, Vista Outdoor, formerly a group of outdoor and sporting companies owned by Alliant Techsystems, was spun off from Alliant Techsystems. Federal Cartridge does business today as Federal Premium Ammunition.
In 2024, Vista Outdoor sold the company to the Czechoslovak Group.
From Wikipedia’s article on Federal Premium Ammunition, shared under CC BY-SA 4.0.4
