November 30, 2020, 04:00:42 AM
* *

Menu

Members
Stats
  • Total Posts: 5271
  • Total Topics: 742
  • Online Today: 27
  • Online Ever: 503
  • (January 22, 2020, 09:47:08 PM)
Users Online
Users: 0
Guests: 15
Total: 15
Welcome, Guest. Please login or register.
November 30, 2020, 04:00:42 AM

Login with username, password and session length

Author Topic: Remington is once again filing for bankruptcy  (Read 621 times)

springfield art

  • Hero Member
  • *****
  • Posts: 93
    • View Profile
Remington is once again filing for bankruptcy
« on: July 30, 2020, 02:05:54 AM »
By the way, all, a report in the paper 7/29 states that Remington is once again filing for bankruptcy...and, a recent effort the sell the company to the Navajo Nation fell through. I know they recently installed a new pres. who had been on the board. It just seems they have unending problems...this could affect future quality issues. Hope it all clears up, this stems from their lawsuits after the Sandy Hook tragedy.

sebvox

  • Hero Member
  • *****
  • Posts: 95
    • View Profile
Re: Remington is once again filing for bankruptcy
« Reply #1 on: October 18, 2020, 02:22:19 AM »
The sale of Remington Outdoors has been approved by a bankruptcy court judge on September 29, 2020.  Remington will be broken up into 7 different entities:

o   Vista Outdoor Inc. (Federal Ammo, Bushnel) to purchase majority of assets- ammunition, accessories, brand and trademarks
o   Sturm Ruger & Co. Inc. to purchase Marlin firearms business
o   Roundhill Group LLC (Real Estate Investors) to purchase the non-Marlin firearms business including Ilion, NY plant and museum
o   Sierra Bullets LLC to purchase Barnes ammunition business
o   JJE Capital Holdings LLC (Palmetto State Armory) to purchase DPMS, H&R, Stormlake, AAC, and Parker brands
o   Franklin Armory Holdings LLC to purchase Bushmaster brand and related assets
o   Sportsman's Warehouse Inc. to purchase TAPCO brands

So it is possible that Roundhill could bring back the Gen3 R51 and perhaps even make the .40 and .45 versions once promised.  Here's to wishful thinking...
« Last Edit: October 28, 2020, 01:07:37 PM by sebvox »
- Erik

springfield art

  • Hero Member
  • *****
  • Posts: 93
    • View Profile
Re: Remington is once again filing for bankruptcy
« Reply #2 on: October 27, 2020, 11:53:55 PM »
I don't believe that will happen. I know I wouldn't want to be shooting .40 or .45 ammo in something that small. The design is fine for 9mm, but there's many good choices in handguns designed for the 40 and 45, certainly not the R51. 

sebvox

  • Hero Member
  • *****
  • Posts: 95
    • View Profile
Re: Remington is once again filing for bankruptcy
« Reply #3 on: October 28, 2020, 01:22:10 PM »
You mean like the S&W M&P Shield .40 or .45 which are both smaller than the R51?  Still, wishful thinking...
- Erik

mr220v

  • Sr. Member
  • ****
  • Posts: 41
    • View Profile
Re: Remington is once again filing for bankruptcy
« Reply #4 on: October 29, 2020, 10:37:20 AM »
Of course other options are lighter, but some people just want an all metal gun.

lklawson

  • Hero Member
  • *****
  • Posts: 328
    • View Profile
Re: Remington is once again filing for bankruptcy
« Reply #5 on: October 29, 2020, 11:00:41 PM »
So it is possible that Roundhill could bring back the Gen3 R51 and perhaps even make the .40 and .45 versions once promised.  Here's to wishful thinking...
I heard an interview with a top guy at Roundhill.  Hard to say for sure, but it sounds like they're most interested in focusing on the hunting market.

Peace favor your sword,
Kirk

 

Information

Bookmark and Share


The NRA is fighting for your 2nd amendment rights - You can help make a difference - your voice can be heard
Join the NRA

Recent Forum Post