Federal-Hoffman has since split, and Federal is currently owned by Vista Outdoor. However, 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. The two companies were united under the name Federal-Hoffman, Inc and taken private during the sale. In 1985, Federal was sold to a group of private investors including Kelso & Company, BancBoston Capital, and members of the management team. Federal also owned Hoffman Engineering, a company that made electronic enclosures. Horn introduced Federal's Premium line of centerfire rifle and shotshell ammunition. Federal ranked 59th among United States corporations in the value of World War II military production. $1.3 billion in 2010) to build and operate the $30 million Twin City Ordnance Plant. In the next year, Federal won an $87 million contract from the United States government (approx. In 1940 the British Purchasing Commission contracted 1.4 million mortar ignition cartridges (essentially a type of blank 12-gauge shotgun cartridge). Horn launched a distribution plan that involved merchandising Federal products in grocery stores, barbershops, and filling stations. Horn took control of the plant and refounded Federal Cartridge Corporation. The end of the First World War led to factory's closure in 1920. 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 original Federal Cartridge and Machine Company was founded during the period of increased ammo demand during the First World War, when brothers Harry and Louis Sherman, experienced in the industry, found investors to establish a small plant on the eastern outskirts of Anoka, Minnesota to make shotgun shells. ![]() With a workforce of nearly 1,500, Federal manufactures shotshell, centerfire, and rimfire ammunition and components. Federal Premium Ammunition is a wholly-owned subsidiary of Vista Outdoor, located in Anoka, Minnesota.
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