Sturm, Ruger & Co. is pushing back against criticism from its largest shareholder, accusing the European gunmaker seeking seats on its board of attempting to gain influence over the company on terms that would disadvantage other investors.
After announcing last week that it will permanently close its last remaining manufacturing plant in New Britain, toolmaker Stanley Black & Decker this week has provided the state with a specific timetable for layoffs from that facility.
The Eastern Co. reported lower sales and profits in 2025 as demand weakened in the heavy-duty truck and automotive markets, tariffs increased costs and the company cut expenses through restructuring.
Hexcel Corp. said it has entered into a cooperation agreement with a shareholder, adding former Kaman Corp. CEO Neal J. Keating to its board of directors.
Southport-based Sturm, Ruger & Co. is facing a boardroom challenge from its largest shareholder, which is seeking to reshape the firearms manufacturer’s leadership and strategy.