Search results
Results from the WOW.Com Content Network
www.remarms.com (firearms) 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, the nation’s oldest gunmaker, was founded in Ilion, producing firearms there since 1816. Over the years, the facility has seen layoffs, temporary closures and bankruptcy, but through ...
That’s when RemArms, ... He was laid off again in 2020 after Remington Arms went bankrupt and closed the plant, but came back to work in May 2022 after the Roundhill Group bought the company. He ...
RemArms, LLC, is an American holding company that operates the firearms manufacturing portion of the former Remington Arms company. Formerly based in Ilion, New York , the company relocated its headquarters to LaGrange, Georgia .
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.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
RemArms operates Remington Firearms, [51] 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. [52] The company doubled the number of workers at Lonoke, employing over 900 people ...
Red Lobster filed for Chapter 11 bankruptcy, which is a move that can help it recover. This type of bankruptcy allows organizations to restructure, create debt-payment plans and stay operational ...