Contrary to what some believe, Springfield Arms was never a subsidary company of Cresent Arms. Springfeild Arms, like Cresent Arms, were both bought out by Stevens/Savage. Unlike the Cresent, Springfield manufacturing continued after the buy out Answer Some clarification: Springfield Arms Co was absorbed by Stevens very early, before 1900.
Stevens continued to use the Springfield name on certain models of shotgun. Savage absorbed Stevens around 1930 or so, and continued to use the Springfield name on into the 1980's, generally on guns sold to mass-marketers Crescent Firearms was originally an independent manufacturer that was bought by the major wholesale HD Folsom, which also eventually was absorbed by Savage.
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