29 September 2020, 05:23
gunmakerDoes it make them stronger?
quote:Originally posted by Bobster:
So does that mean the Navaho Nation has Remington Arms and the rest distributed as printed? Got a link?
quote:Originally posted by slivers:
Maybe Ruger can make something of Marlin, again.
quote:Originally posted by Bobster:
I'm still not seeing who got Remington Firearms.
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;
quote:Originally posted by Dulltool17:quote:Originally posted by slivers:
Maybe Ruger can make something of Marlin, again.
Let's hope so. Ruger has the potential to do some innovative things. A Ruger-esque Lever gun might be interesting.
quote:Originally posted by Fury01:
Forged receivers are great. Describing Ruger's castings as "cheap ass" are quite a ways off the mark I think.
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
quote:Originally posted by jeffeosso:quote: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 ...
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
quote:Originally posted by jeffeosso:quote: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 ...
quote:Originally posted by gunmaker:
Why are wrenches forged?
Does it make them stronger?
quote:They are just not as strong as correctly forged.
quote:Originally posted by p dog shooter:
BS
quote:Originally posted by butchloc:
i thought leupold owned redfield
quote:Originally posted by Doug W:
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.
quote:
7 Winners Determined for Remington Brands Breakup
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.