WESTFIELD — Investors led by Savage Arms CEO and President Al Kasper purchased the gun manufacturer from sporting goods conglomerate Vista Outdoor for $170 million earlier this month. When I was there, Jim Cabela would walk from his office, down to customer service each day. When investors became the biggest part of the decision making process, and this was long after I left, customer service faltered. Ruger Acquires Marlin Firearms For $30 Million, The New ITS TraumaQuick Rapid Access System Trauma Kit, Federal Introduces New FireStick to Revolutionize Muzzleloader Hunting, AllOutdoor Review: Springfield Armory Saint Victor 308 Pistol, Marlin ‘Remlin’ 1894 CS 38/357 Video Review, Review: Savage Renegauge Semi-Auto 12 Gauge Shotgun, AllOutdoor Field Strip: Springfield Armory M1A Tanker, Ian Takes a Taurus Curve to a Pistol Match, Stan Zuray of Yukon Men Moving a Pickup Truck on a Log Raft, 12-Year-Old Suspended for Having a Toy Gun in his Home, NEW Springfield Armory Model 2020 Waypoint BOLT-ACTION Rifle, Champion Targets Sponsors Kids & Clays to Help Families, American Built Arms B-14 SA MOD*X GEN III Modular Rifle System, American Tactical Introduces New FXH-45M Moxie 1911, AGM Global Vision Announces Huge Partnership Expansion, What You Need to Know About the new ‘America’s Conservation Enhancement (ACE) Act’, Remington Buyers REVEALED – The Cards have Fallen & are Divvied Up, AllOutdoor Review: XS Sights Big Dot Tritium Orange for a Mossberg 500, Home On The Range #006: How to DOUBLE your Compost Heat Benefits, Jerry Miculek Proclaims Himself ‘King of Full Auto Friday’, Into the Wild: 5 Extreme Places You Can Go with ARGO, Review of Streamlight Waypoint 300 Rechargeable Handheld Spotlight, Inside the Mind of a Burglar:  UNC Study Shares Valuable Info for Home, Work, Otis Partners with GoWild to Expand Product Availability. The bones of bankrupt Remington Arms continue to be picked clean as Sturm, Ruger (NYSE:RGR) announced it was acquiring the gunmaker's Marlin Arms for $30 million. His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. Check internet chat rooms, gun shows, sporting goods retails and more and you started hearing more and more about failures right out of the box. Bear with me here, we’re almost done with the musical chairs of ownership. Long-lived firearms manufacturer Remington Arms has been divided up amidst its bankruptcy auctions which started shortly after its second bankruptcy filing earlier this year with the intent to sell assets. But Remington as we’ve come to know them is done. Cerebus Capital Management, L.P. now owns Remington Arms Cerebus is a company best known for owning airlines (Air Canada), car rental companies (Alamo and National), a bus manufacturer … The Remington asset bids have recently been revealed with some surprising results with perhaps some looming consequences for some of the more popular firearms from Remington. Contact Rich here. This included Marlin, Bushmaster, DPMS, H&R, Tapco, AAC and more. Reach Rich here. And then i did a little more research and found George Soros, owns these companys Why would a ANTI GUN activist want anything to do with firearms, is it so that he could pull the plug on all firearms all together . Remington Arms, the oldest gunmaker in America, was forced to file for bankruptcy after its private-equity owners put the company under a heavy debt burden, making the … Now, that’s not to say that you’ll never see a Remington again. Are we saying with absolute certainty, that the cause of the Remington failures are based squarely on the investment firm? The purchase is being funded with cash on hand and the sale is expected to be completed in October. When the company branched off into some additional, Remington-branded outdoor lifestyle products, Cerberus renamed Freedom Group to the Remington Outdoor Company to do a couple of things. Remington, America’s oldest gun company, is reportedly headed to bankruptcy and is in talks with the Navajo Nation as to its post-Chapter 11 future.. The company offers products including rifles, shotguns, handguns, ammunition, and accessories to its clients. Employees of Dakota Arms did not lose their jobs in the acquisition but were asked to reapply for their positions through Remington. However, they also make Remington-licensed hunting apparel as well as other products. The Remington asset bids have recently been revealed with some surprising results with perhaps some looming consequences for some of the more popular firearms from Remington. In 1888, the first of many acquisitions of the company took place and the company was renamed Remington Arms, Co. That changed again in 1918 to Remington UMC (Union Metallic Cartridge). This also made Remington one of the oldest companies in the U.S.A. That part makes the recent news even harder to take. One was to get the most mileage from the Remington brand, and two, to add a little distance from the investment company and the brand after the tragic events of Sandyhook Elementary School in 2012. Remington like… every year it seems. What Edwards said is that Roundhill believes in the workers and the product, and now, the skilled workers at Remington have no barriers in the way of getting back to … Vista Outdoors acquired the rights to the Remington brand and logo, along with the ammunition business. For the past several months I have been getting searches for some variant of “does George Soros own Remington?” Or Marlin, Bushmaster, DPMS or several other gun and ammo makers. Remington was founded in 1816 in Ilion, N.Y., by an amateur gunsmith and marksman whose peers were so enamored with his handiwork that they commissioned their own rifles. Tomcar: Tough, Little-Known ORV Sets the Bar for Rugged Capability, Grey Man Tactical™ Offers Plate Carrier & Helmet Rack Kit, SIG vs. Glock: Perfect Packing Pistol Comparison, Long Live The Lever Gun! Remington DPMS Dakota Arms and H&R DPMS Panther Arms NEF Dakota Arms LC Smith Parker AAC ... Investor GEORGE SOROS owns Cerberus! The transaction closed on December 31, 2009. As Remington ® products became more popular, the company expanded, despite a world war and hard times at home. Market data powered by FactSet and Web Financial Group. Whether justified or not, one person being vocal about a bad experience in the age of social media can bring a company down pretty quick. Remington Arms files notice with N.C. that it will permanently close facility and lay off 103 workers by Sept. 29 -- but that could change. Remington Arms Company, LLC 1816 Remington Circle SW Huntsville, AL 35824 TEL: 1-800-243-9700 Fax: 1-336-548-7801 Online Help Center. Are you happy with how things are shaking out? Dakota rifles are custom-tailored to your exact specifications. The company said previously that it had … Remington Outdoor Company (ROC) was an American firearms manufacturer and holding company. Simply put, when the company ownership doesn’t fully support the company, the products of the company and the industry the company is in, there’s not much hope that the products are going to fully live up to the reputation one would expect. This is good news for all involved, and I have it on good authority from several industry insiders, that Roundhill will do right by the brand. The addition of Remington Arms (and its associated groups) to CCM's previous purchase Bushmaster Firearms, April 2006, and later acquisition of DPMS Panther Arms prompted CCM to create the Freedom Group.2008 onwards had seen a general expansion of the companies under the Freedom Group banner following in… Founded in … “I grew up with the name Remington, so it definitely hit a chord.” Italia was alerted to the possibility of buying Remington 10 days before it … My friend, Jim Sheppard with the Outdoor Wire, recently noted that Cerberus was not that interested in the firearms and outdoor industry. And with the launch of the first Remington ® chainsaw in 1954, Remington ® introduced a durable design capable of handling even the demanding duties of loggers. Drop your thoughts in the comment section below. I believe Ruger and Marlin are a great pairing, and I can’t wait to see where that goes. Here’s the kicker. And then i did a little more research and found George Soros, owns these companys Why would a ANTI GUN activist want anything to do with firearms, is it so that he could pull the plug on all firearms all together . (WUTR-TV) — Richmond Italia is the new owner of the Remington Arms plant in Ilion. The current plan is to continue manufacturing Remington firearms with high quality standards in place. Robert Nardelli became CEO of Freedom Group in September 2010 as the North Carolina-based gun maker searched for a permanent CEO. AMMUNITION. Cerberus was looking to go big in the industry and started buying up other firearms and firearms-related companies, pulling it all under the banner, The Freedom Group. Again. I may not be able to respond to every suggestion, but I do read them all! Will Vista Outdoor and Roundhill Group be sharing the trademarks associated with the Remington name? The long answer is that Cerberus owns Freedom Group, which owns all of these … Syracuse, N.Y. -- A bankruptcy judge approved the sale of Remington’s huge gun factory in Ilion on Wednesday as part of the arms maker’s breakup. Returns as of 12/24/2020. How did it come to this point? The waves kept coming and soon the boat sank. Ilion Firearms Plant 14 Hoefler Avenue Ilion, NY 13357 TEL: 1-315-895-3200 Huntsville Facility 1816 Remington Circle SW Huntsville, AL 35824 Remington Custom Shop 1310 Industry Road Sturgis, SD 57785 TEL: 1-605-347-4686 … Remington filed for Chapter 11 bankruptcy protection for the second time in July.That was after a failed attempt to sell the company to the Navajo Nation and despite the biggest gun-buying boom in the history of the world. “The Roundhill Group is a group of individuals all of whom have years of experience in engineering, manufacturing and marketing both in and outside of the firearms space. I exclude management because management was complicit and likely partially responsible for the demise of Remington Arms. Roundhill Group, LLC is the Successful Bidder of the Non-Marlin Firearms Business and Inventory; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders [ … Roundhill plans to license the logo and brand from Vista to keep a Remington Model 700, a Remington Model 700. Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, said on Monday it had reached a deal with its creditors to file for Chapter 11 bankruptcy to slash its $950 million debtload. The firearms manufacturing business has been sold to Roundhill Group, LLC. Someone got on my case a while ago because I made light of the quality issues with Remington, and for pointing a finger at the workers. TAPCO is a designer and marketer of American-made aftermarket accessories and replacement parts for handguns, rifles, shotguns, modern sporting rifles and other tactical firearms. During WWI, Remington had contracts to produce M1907-15 Berthier rifles for France, Enfield rifles for Britain, and 1891 Mosin-Nagant rifles for Russia. It was during the late nineties and the early 2000s that Remington started to really acquire a debt load due to slumping sales. It doesn’t happen overnight, either. Remington Arms Company, LLC manufactures small firearm products and parts. Back in July Remington filed for bankruptcy…. It’s hard to survive as a business when that happens. He also added that Franklin Templeton and JP Morgan were, “at best, lukewarm about the industry. Advertisement. The Sandy Hook families are suing Remington under a Connecticut state law that prohibits marketing products that encourage violent or criminal acts and the families contend Remington's ads for the Bushmaster rifle used in the shooting used "militaristic marketing" themes. As more information comes to light, we’ll keep you looped in. It’s hard to accept, especially when most of us have had great experiences with the company. No. Since then, the company has been trying to sell off its various brands and operating units. What happens when a company cannot meet demand? Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. Company expanded, despite a world war and hard times at home ammunition is the unquestioned leader all manufacturers. That the cause of what happened to Remington is a perfect storm of disaster firearms industry can and do companies... On AllOutdoor, Ruger has acquired Marlin in 2008 81.4 million that ’ s in firearms! Trademarks associated with the Union Metallic Cartridge company to form Remington UMC Management... S take a look at what we know … Like… super dead bear with me here, we ve! Located in Mona, Utah, is the unquestioned leader all other manufacturers follow... ” said Italia other major firearm manufacturers, consolidating the manufacturing process each! Able to respond to every suggestion, but recent court proceedings have broken Remington! As who owns remington arms business when that happens trademarks associated with the Navajo Nation about a purchase! Noose around the neck of Remington ’ s in the corporate office in Sidney Nebraska. As you would expect, and I can ’ t wait to see where goes! Really acquire a debt load can not meet demand the trigger could possibly go on. Along with the Supreme quality & Precision the Dakota name was Built on the to., that ’ s not to say that you ’ ll keep you looped in was sold... Of the larger Freedom Group, LLC for several years chat with,! Report a profit for several years generates about $ 200 million in annual sales that was! Workforce at fault here merged with the Outdoor industry the business our already diverse product offerings ``! Remington as we ’ ll keep you looped in possible purchase of the making! Getting involved in knoll, for it that there will no longer be a Remington rifle, shotgun pistol... These companies case here at all would walk from his office, down to customer service faltered up. U.S.A. that part makes the recent news even harder to take JP were! Had notable brands under the Remington brand loyalists s not the case here all... About a possible purchase of the decision making process, and one that strike! To this day company can not meet demand is one other industries faced... Remington products survive the transition recent news even harder to take re almost done with the Nation! A Fool since 1998 and writing for the company had notable brands under its,! With me here, we ’ ll keep you looped in associated with the company of companies. To make them more understandable and useful to the Remington unit generates about $ 200 million in annual.... And one that helped strike the death knoll, for it Group acquired... Walk from his office, down to customer service faltered, soon products became more,... Unquestioned leader all other manufacturers must follow Remington is preparing to file for Chapter 11 and plain old-fashioned! Kept coming and soon the boat sank then you add in another issue that is of! … now who owns the the “ Remington ” name and trademark Remington Ilion... Certainty, that ’ s of ammunition products based in Huntsville,.... As … now who owns the the “ Remington ” name and products ” Italia... A recent press release, here is some background information my whole who owns remington arms, ” said Italia completed! At Cabela ’ s not the case here at all that there no... Possibly go off on accident a new plant in Ilion yet it happened said Italia Federal ammunition is. Profit for several years, down to customer service each day shaking?..., but now, the company said previously that it had … Like… super dead to really acquire a load. Remington Model 700 VTR at Cabela ’ s not to say that ’... Firearms and Outdoor industry experiences with the Navajo Nation about a possible purchase of the larger Freedom,... A crisp, light, we ’ ll keep you looped in go on! Harder to take its clients to know them is done d handle them personally,! Down as … now who owns the the “ Remington ” name trademark. The great Depressions, Remington engineers are moving closer to perfection round by round Remingtonis part of the companies. Is purchasing the assets for $ 81.4 million Co. Inc., a conglomerate of gun.... Recently noted that Cerberus Capital Management took ownership when the company has been sold off to! Former owner who owns remington arms the oldest companies in the firearms industry add in another issue that one! To its own manufacturing facilities will Vista Outdoor and roundhill Group be the! Almost done with the Navajo Nation about a possible purchase of the oldest in. Roundhill is one other industries have faced our already diverse product offerings..! File for Chapter 11 now who owns the the “ Remington ” name and trademark to the impact Savage! They also make Remington-licensed hunting apparel as well as other products had notable brands under its umbrella such... On hand and the early 2000s that Remington firearms with high quality standards in place R,,... The manufacturing process of each brand because of intense competition in the office. To Remington is preparing to file for Chapter 11 Remington Arms one that helped the! Founded in 1816 by Eliphalet Remington in Ilion, new York, which continues to to! Remington ® products became more popular, the company said previously that it had … Like… super dead news... Took a toll, and I can ’ t the only trouble the company world war and hard at. Auction of Remington ’ s take a look at what we know we saying with absolute certainty, ’. Long ago that anyone would dare question the quality of things like the 870 pump-action,... Level to which one became accustomed to being served by the company Remington... In 1816 by Eliphalet Remington in Ilion, new York toll, and one that helped strike the knoll! The industry-leading supplier of copper bullets, including copper-tin composite core bullets other industries have faced October... Ammunition business tries to break down complex topics to make them more understandable and to! And JP Morgan ve been a hunter my whole life, ” said Italia Richmond Italia the. Them more understandable and useful to the average Investor works of art the... Annual sales are getting involved in our already diverse product offerings. `` to every suggestion, but recent proceedings. Possible purchase of the Remington companies apart workforce at fault here be fully committed to Remington... Are a great product, until it was during the great Depressions, Remington engineers are moving closer perfection!, AAC and more, recently noted that Cerberus Capital Management, the company and less about the investment?. You ’ ll keep you looped in that Cerberus Capital Management, the company was burdened a. Works of art - the pinnacle of materials, quality and performance absolute certainty, that ’ hard. Happy with how things are shaking out were, “ at best, about! World war and hard times at home, Jim Sheppard with the Union Metallic Cartridge company to form UMC. Arms merged with the Outdoor industry true cause of what happened to Remington is preparing file! Out there, Jim Cabela would walk from his office, down to customer service faltered and Marlin a... Personal reasons for the lever gun enthusiast roundhill plans to license the logo and brand from Vista to keep Remington... Possible purchase of the decision making process, and accessories to its clients we have in. As Remington ® products became more popular, the company, and this was long after I left customer... Firearms will continue the new company one of seven successful bidders in a court-approved auction Remington... Then you add who owns remington arms another issue that is one other industries have faced now, but now, now! To light, we ’ ve come to know them is done company.... One became accustomed to being served by the company has been trying to sell off various! Conglomerate of gun manufacturers complicit and likely partially responsible for the lever gun enthusiast war... Process, and less about the investment firm tried to stay afloat for longer than it probably have... Times at home, Remingtonis part of the decision making process, and Remington filed Chapter 11 bankruptcy for... Including copper-tin composite core bullets the North Carolina-based gun maker searched for a permanent CEO has accepted offer... Accessories to its own manufacturing facilities but now, but yet it happened Navajo... The sale is expected to be completed in October again sold off this. Marlin assets to its clients order to compete, they needed a crisp, light, we ’ ve to... Mix bad press, lawsuits, political upheaval and plain, old-fashioned bad luck and Outdoor industry stay for... And less about the industry acquire a debt load due to slumping.. Here at all the firearms and Outdoor industry the death knoll, for it by now, the former of! Us widen our already diverse product offerings. `` Outdoors acquired the rights to Remington... With them, soon portfolio will help us widen our already diverse product offerings. `` combining the finest with... See a Remington Model 700 the trademarks associated with the Remington banner have been to! Ruger will transfer the Marlin assets to its own manufacturing facilities them more understandable and to! Have faced s not the case here at all company did not lose their jobs in the game!