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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.
Both Remington Firearms and Remington Ammunition appear to claim Remington Arms' history, the former noting in a 2021 press release, "Founded in 1816, Remington Firearms is one of the nation’s oldest firearms brands, operating for 205 years" [9] and the latter noting on its website "We’ve been here since 1816."
Vista Outdoor was the parent company to many ammunition makers, including Federal, CCI, and Remington. [8] In October 2023, the company announced that its firearms and ammunition business will be sold off to Czech company Czechoslovak Group for a value of $1.91 billion, pending regulatory approval.
Former Remington Arms workers and members of United Mine Workers of America Local 717, seen here in an O-D file photo from Nov. 7, 2020, picketed after the Remington Outdoor Company laid off all ...
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 ...
Parent company Remington Outdoor Company filed for Chapter 11 bankruptcy protection in March 2018. [4] As a result of the bankruptcy auction, the company was sold to JJE Capital Holdings, LLC in September 2020. [5] [better source needed] JJE Capital Holdings, which also owns Palmetto State Armory, [6] integrated AAC into its portfolio. This ...
A South Carolina company reportedly owns the manufacturer of Trump shooter’s gun ... The agency did confirm that the weapon used was an AR-15 chambered for 5.56 mm rounds — an ammo that was ...