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The Remington brand name and the Lonoke ammunition factory was bought by Vista Outdoor, which uses it to market and manufacture several types of ammunition. [46] [47] The Remington firearms business (excluding Marlin Firearms) was sold to Roundhill Group, LLC, which now operates it through the holding company RemArms, LLC. [48]
In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. It became part of the company's Freedom Group. Remington was millions of dollars in debt and did not report a profit from 2003 to 2005. [3] In 2015, the Freedom Group was renamed Remington Outdoor ...
Marlin owned the firearm manufacturer H&R Firearms. In 2007, Remington Arms, part of the Remington Outdoor Company, acquired Marlin Firearms. [1] [2] Remington produced Marlin-brand firearms at its Kentucky and New York manufacturing facilities. In 2020, Sturm, Ruger & Co. bought the Marlin business from bankrupt Remington Outdoor Company. [3] [4]
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 ...
Cerberus Capital Management purchased Remington Arms in 2007, placing it in the same corporate family as Bushmaster Firearms and other gun companies. Bushmaster Firearms moved manufacturing ...
RemArms operates Remington Firearms, [50] licensing use of the Remington brand name from Vista Outdoor. After shutting down due to Remington's bankruptcy, the Lonoke ammunition plant was retooled in early 2021, ramping up production and running around-the-clock. [51] The company doubled the number of workers at Lonoke, employing over 900 people ...
Family. Brown, 59, grew up across the street from Remington Arms, raised on his parents’ Remington paychecks. He graduated from the Ilion high school in 1982 and went to work at the factory in 1995.
Marlin, including all its H&R assets, was later acquired by Remington Arms Company in December, 2007. H&R 1871, LLC production was moved to Ilion, N.Y. (the site of Remington's original manufacturing plant) in late 2008, while their corporate offices are co-located with Remington Arms in Madison, N.C. (HR1871.com and Remington.com).