Pending bankruptcy court approval, Remington Firearms has been sold, in parts, to several buyers via an auction.
These are the successful bidders for Remington’s various businesses:
– Vista Outdoor Inc. was the successful bidder for their Lonoke ammunitions business.
– Sierra Bullets LLC was the successful bidder for their Barnes ammunition business.
– Sturm, Ruger & Co. was the successful bidder for their Marlin firearms business.
– JJE Capital Holdings LLC was the successful bidder for their DPMS, H&R, Stormlake, AAC and Parker brands. (Think Palmetto State Armory).
– Franklin Armory Holdings Inc. was the successful bidder for their Bushmaster brand and certain related assets.
– Sportsman’s Warehouse Inc. was the successful bidder for their Tapco brand.
– Roundhill Group LLC was the successful bidder for their non-Marlin Firearms portion of the business.
It will be interesting to see how it all turn out.
Ruger had this message on their homepage:
“The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up,” said Ruger President and CEO Chris Killoy. “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.”
The transaction is exclusively for the Marlin Firearms assets. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. Once the purchase is completed, the Company will begin the process of relocating the Marlin Firearms assets to existing Ruger manufacturing facilities.
“The important thing for consumers, retailers and distributors to know at this point in time,” continued Killoy, “is that the Marlin brand and its great products will live on. Long Live the Lever Gun.”