Originally posted by Bobster: I'm still not seeing who got Remington Firearms.
I believe it's roundhill, which is unknown to me, they are at least buying the shotguns, but i expect the "remington" and "dakota" firearms will go to them
quote:
• Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively;
Forged receivers are great. Describing Ruger's castings as "cheap ass" are quite a ways off the mark I think.
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Originally posted by nopride2: I suspect the buyer that get the piece with the NY property will move the manufacturing to a more friendly state and sell the property.
Dave
I think Huntsman holdings Is the Huntsman from Salt Lake City. They sell the Ny property and move manufacturing to Utah. Sounds about right.
I use Sierras in my 243 and 7mm-08. I can always make the shoot well in other rifles, but I use a bonded and alloy bullet for everything else.
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Most stuff was moved from Illion, NY to Alabama wasn't it.?
quote:
Originally posted by nopride2: I suspect the buyer that get the piece with the NY property will move the manufacturing to a more friendly state and sell the property.
Dave
Posts: 6526 | Location: NY, NY | Registered: 28 November 2005
Originally posted by Fury01: Forged receivers are great. Describing Ruger's castings as "cheap ass" are quite a ways off the mark I think.
+1,000,000
"all" ruger actions and frames are casting .. there's a bit of daylight between melting cans into ignots and how ruger does this ...
I've been to their investment casting facility in New Hampshire. What I saw was some excellent process control and very high quality parts.
Those who associate the word "casting" only with green sand molds and recycled metals simply do not understand that an investment casting is a couple of notches above.
Doug Wilhelmi NRA Life Member
Posts: 7503 | Location: Texas Hill Country | Registered: 15 October 2013
Forging does produce a superior product because the grain flow can be aligned to the shape of the part and achieve finer grain structure. That results in a tougher and more fatigue resistant part.
But since modern gun frame and receivers die from neglect, wear, 'gunsmith' hackery and serious overloads and really don't fail from cyclic fatigue, it is all a moot point.
Forging does produce a superior product because the grain flow can be aligned to the shape of the part and achieve finer grain structure. That results in a tougher and more fatigue resistant part.
But since modern gun frame and receivers die from neglect, wear, 'gunsmith' hackery and serious overloads and really don't fail from cyclic fatigue, it is all a moot point.
Agreed. That improved grain structure is important with wr eff inches, but not so much with receivers.
Doug Wilhelmi NRA Life Member
Posts: 7503 | Location: Texas Hill Country | Registered: 15 October 2013
SEVEN COMPANIES HAVE REPORTEDLY WON BIDS ON MULTIPLE REMINGTON BRANDS, BRINGING THE BANKRUPTCY TO A NEAR CLOSE AND SHAKING UP ENTIRE FIREARMS INDUSTRY.
By PERSONAL DEFENSE WORLD
Remington Brands will sell off to seven different companies.
It appears as though the wild speculation over the future of Remington Outdoor Company and several venerable Remington brands will finally conclude. Multiple reports detail seven groups that made bids to acquire pieces of what once was the Cerberus-held giant conglomerate.
Remington, of course, floundered recently, first declaring for bankruptcy in 2018. The company emerged quickly, yet filed again this year in July. The company accrued nearly $1 billion in debt over the years, reported Bloomberg. Remington reached $437.5 million in sales last year, down half compared to 2016, reported Bloomberg. And litigation from the families of the Sandy Hook tragedy threatened even further.
This time around, it couldn’t stave off the breakup that’s about to shake up the entire firearms industry. Now seven individual bidders will now purchase of portion of the company.
Remington Brands Bidders
Vista Outdoor Inc. acquires Lonoke ammunitions business and certain IP assets; SIG Sauer is currently a backup bid Roundhill Group LLC acquires non-Marlin firearms business Sierra Bullets LLC acquires Barnes Ammunition Sturm, Ruger, & Co. acquires Marlin JJE Capital Holdings LLC acquires DPMS, H&R, Stormlake, AAC and Parker brands Franklin Armory Holdings Inc. acquires Bushmaster brand and some related assets Sportsman’s Warehouse Inc. acquires Tapco brands Now any gun fan will surely see some amazing possibilities in these new acquisitions. A Ruger-led Marlin jumps to the front of the list. Ruger’s prowess in hitting a very certain demographic, from classic wheel guns to carbines, suggests a serious Marlin resurgence imminent.
Vista, and its Federal experience, also bodes well for the Lonoke facility, a stalwart of Remington Ammunition. Interesting to not that SIG Sauer is a backup bid for Remington Ammo. Same goes for Sierra Bullets, a prominent figure in both long-range and hunting. It will be fascinating to see how that company works with new assets at Barnes.
Finally, JJE Capital, owner of Palmetto State Armory, gets DPMS and AAC, among others. Meanwhile, Fanklin Armory brings in Bushmaster. Both groups own tremendous experience in the black gun space. Can the acquisitions bring DPMS and Bushmaster back to the top of the MSR segment?
Questions Remain
Interestingly, in the initial reports, the fate of Remington itself, the most iconic brand of the group, remains unclear. Ruger reportedly went after the entire business. Then Roundhill Group, a property investment firm, reportedly bid for the shotgun line alone. That leaves a lot of questions about who gets what in terms of Remington’s vast line of firearms. The news reportedly also made workers in Illion, N.Y., the site of Remington’s original factory, very worried.
“I would have loved to have Ruger buy the whole thing, but, if that doesn’t happen I hope the new owner keeps manufacturing in Ilion where it all started and that they keep employment high here,” Ilion Deputy Mayor Chuck Lester told wibx950.com. “We have an amazing work force here and we support them one hundred percent. We saved Remington a ton of money with cheap electric in the past which helped them then and we’re willing to work with whoever takes over the company now. Let’s just keep our workers employed.”
To all these questions and suggestions, only time will tell. A hearing on Tuesday will formalize the acquisitions. We’ll update the story as new information becomes available.
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