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The pandemic reduced the production and import of certain raw materials, including lead, required to manufacture ammunition. [10] On July 28, 2020, Remington Outdoor Company filed for Chapter 11 bankruptcy protection. [11] Vista Outdoor purchased Remington's ammunition plants and brands at auction in September 2020.
This can be a problem for magnum revolvers or rifles which simultaneously chamber more than one round of ammunition, as the recoil from the firing successive rounds can loosen the bullets in the remaining cartridges, and cause their bullet seating depth to change, which can have a serious effect on accuracy, or could, in the case of a revolver ...
Remington Arms was a notable American manufacturer of firearms, founded in 1816 by Eliphalet Remington and originally known as E. Remington and Sons. The company was acquired in June 2007 by a private equity firm, Cerberus Capital Management. [2] It became part of the firm's Freedom Group, which was renamed in 2015 as Remington Outdoor Company ...
Remington filed for Chapter 11 bankruptcy protection in March 2018, having accumulated over $950 million in debt. Remington exited bankruptcy in May, less than two months after filing for protection under Chapter 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors.
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The 5 mm Remington Rimfire Magnum or 5 mm RFM [2] is a bottlenecked rimfire cartridge introduced by Remington Arms Company in 1969. Remington chambered it in a pair of bolt-action rifles, the Model 591 and Model 592 , but this ammunition never became very popular, and the rifles were discontinued in 1974. [ 3 ]
Vista Outdoor was the parent company to many ammunition makers, including Federal, CCI, and Remington. [ 5 ] In November 2024, Vista Outdoor separated its outdoor products business into an independent, publicly traded company, Revelyst (NYSE: GEAR) and the sporting products business became a wholly owned subsidiary of Czechoslovak Group . [ 6 ]
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