Remington Outdoor, bankrupt gunmaker, to be sold in pieces to seven buyers
By Noah ManskarSeptember 28, 2020 | 1:04pm


Remington Outdoor, bankrupt gunmaker, to be sold in pieces to seven buyers
picture alliance via Getty Image
Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show.

The biggest sale will go to Minnesota-based Vista Outdoor, which said it will pay $81.4 million for Remington’s brand and trademarks along with parts of its ammo and accessories business including an Arkansas ammunition factory.

Other buyers include outdoor-gear retailer Sportsman’s Warehouse, which will acquire the Tapco brand of gun parts and accessories, and Nevada-based gunmaker Franklin Armory, which is snapping up Remington’s Bushmaster rifle brand, records show.


The sales are expected to bring in at least $155 million that will be applied to Remington’s debts, The Wall Street Journal reported. The company filed for bankruptcy in July as it struggled with weak sales after a 2018 restructuring that slimmed down its hefty debt load.



It’s unclear how the proposed sales will affect a lawsuit Remington is facing over its marketing of the Bushmaster rifle, which was used in the 2012 mass shooting at Sandy Hook Elementary School in Connecticut, according to the Journal.

Families of the shooting victims who brought the lawsuit reportedly fear Remington’s bankruptcy could bring the case to an end. The suit was allowed to continue after Remington last declared bankruptcy in 2018, the Journal reported.

Remington did not immediately respond to a request for comment Monday.

https://nypost.com/2020/09/28/...o-be-sold-in-pieces/

Vista has some good names under its umbrella. Hopefully, the can make Remington great, again.

Ruger is supposed to get Marlin.....that would be a very good fit I think.

Full split:

https://sgbonline.com/remingto...-in-bankruptcy-sale/


Vista Outdoor will purchase Remington’s Lonoke ammunitions business and certain IP assets for $81.4 million. SIG Sauer was listed as a backup bidder;

Sierra Bullets, which is owned by Clarus Inc., won the bidding for Barnes Bullets, another part of Remington’s ammunition business, with a $30.5 million offer. Barnes Acquisition LLC was listed as a backup bidder;

Sturm Ruger & Co. will acquire Remington’s Marlin firearms business, for $30 million. Long Range Acquisition LLC was listed as a backup bidder;

Roundhill Group LLC is paying $13 million for Remington’s non-Marlin firearms operation. Huntsman Holdings, LLC and Century Arms, Inc. were listed as the Backup Bidders;

JJE Capital Holdings LLC, a private-equity firm based in Columbia, SC, is buying the recently shuttered DPMS black rifle brand as well as the H&R, Stormlake, Parker and AAC brands for an undisclosed amount. JJE Capital also owns Palmetto Outdoors Shooting Facility and Lead Star Arm;

Sportsman’s Warehouse is getting the Tapco black rifle accessory brand for an undisclosed amount;

Nevada’s Franklin Armory will acquire the Bushmaster brand and some related assets for an undisclosed amount.

^^^ FWIW, JJE = Palmetto State Armory. Interesting to see them and Century Arms trying to step up into the big leagues.

quote:

Originally posted by jimmy123x:
Ruger is supposed to get Marlin.....that would be a very good fit I think.

Holy fucking shit! My dreams are coming true! I considered Ruger to be the perfect fit for Marlin back when freedom group hovered them up. I’m unreasonably happy to hear this news.

- Bret

quote:

Originally posted by sadlerbw:

quote:

Originally posted by jimmy123x:
Ruger is supposed to get Marlin.....that would be a very good fit I think.

Holy fucking shit! My dreams are coming true! I considered Ruger to be the perfect fit for Marlin back when freedom group hovered them up. I’m unreasonably happy to hear this news.

- Bret

Ruger taking over Marlin thread

Ruger taking over Marlin is going to hopefully be a great thing.

I’m also very excited to see what PSA does with their acquisitions. I wish Ruger had the rights to the 870 as well. I’d love to see a Ruger 870.

Only Remington could go bankrupt during the biggest demand for Guns and ammo.

I’m pretty happy that Ruger is picking up marlin.

quote:

Originally posted by jimmy123x:
Ruger is supposed to get Marlin.....that would be a very good fit I think.

My first thought was who gets Marlin...

quote:

Originally posted by jimmy123x:
Ruger is supposed to get Marlin.....that would be a very good fit I think.

I can't put my finger on it, but that sounds like a good idea. Ruger could make a very nice marlin lever. Ruger is pretty good at anything it puts its mind to (I don't specifically recall any gaffes).

quote:

Originally posted by ruger357:
Only Remington could go bankrupt during the biggest demand for Guns and ammo.

But they didn’t really. They went under during the period after Donald Trump took office and all the previous panic gun buying ceased and things got really weird for the gun industry overall as things became “safe” and gun sales and prices plummeted.

So who lost and ended up with Para-Ordnance?

I really liked my para-ordnance pistols. I wish I still had them.

I'm looking forward to what Ruger does with the lever action Marlins.

I hope they bring back the Camp 9 and Camp 45.

And for the love of God, someone bring back the Nylon 66!!!

Question .. Didn't Vista outdoors go PC bullshit and divest themselves of firearms brands just a year ago?

Sold Savage

Asshats and now opportunists??

quote:

Originally posted by PASig:

quote:

Originally posted by ruger357:
Only Remington could go bankrupt during the biggest demand for Guns and ammo.

But they didn’t really.

Either way, there's no reason to leave anything for the tort lawyers; they'll just waste years and millions trying to figure out a sneak past the Protection of Lawful Commerce in Arms Act. In a way, it's not a bad time for Remington to be broke.

quote:

Sportsman’s Warehouse is getting the Tapco black rifle accessory brand for an undisclosed amount;

They deserve each other

I'm hoping JJE/Palmetto increases the production rate and lowers the cost of AAC

quote:

I wish Ruger had the rights to the 870 as well. I’d love to see a Ruger 870.

When I think of Remington, I primarily think of shotguns. My Dad has hunted with his Remington 1100 for as long as I can remember and a Remington 1187 is my go-to duck gun.

I hope the Remington shotguns are able to return to their proud heritage.

All the rights to produce the Nylon 66 and tooling went to a Brazilian company long ago.

How about the model 700?