Bushmaster Firearms was a company in Bangor, Maine, that went bankrupt and was purchased by Richard Dyke in 1976 and moved to Windham, Maine. According to a Maine newspaper, it was later sold by Dyke to Cerberus while Krause Publications says it was first acquired by Quality Products Company, in 1990. Dyke would sell the business in 2006 for 70 million dollars to Cerberus Capital Management. The company became part of the Freedom Group, owned by Cerberus Capital Management, in April 2006. In December 2010, Freedom Group announced that operations at the Windham, Maine, facility would cease as of March 2011. Windham Weaponry was founded by the former Bushmaster owners in 2011 in Windham, ME in order "to put Maine people back to work who lost their jobs" when Bushmaster moved out of state in March 2011.