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Remington Arms Company, LLC, was an American manufacturer of firearms and ammunition. It was formerly owned by the Remington Outdoor Company , which went bankrupt in 2020 with its lines of business sold to several purchasers.
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 ...
A Remington Model 870 shotgun. Below is a list of firearms produced by the Remington Arms Company, [1] founded in 1816 as E. Remington and Sons. Following the breakup of Remington Outdoor Company in 2020, the Remington Firearms brand name operates under RemArms, LLC.
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, formerly Remington Arms Company, informed union officials Thursday that it plans to close the gun manufacturing facility in Ilion, N.Y., this coming March, the Observer-Dispatch reported.
The Remington family and their successors – DuPont owned the company for many years – made many different products over the last 200 years, but sporting firearms were the bedrock offering.
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 ...
ILION, N.Y. (AP) — A gun factory in upstate New York with a history stretching back to the 19th century is scheduled to close in March, according to a letter from the company to union officials.