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. 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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. 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