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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]
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.
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 ...
Bought out by Remington in 1915 (becoming Remington-UMC Swanton but retaining the old headstamp) when it received a wartime contract to produce rifle ammunition for the French government. The French-style headstamp has the yearly quarter before the 4-digit year (e.g., 4-1917 would mean 4th Quarter (October, November and December), 1917).
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 ...
The New York sporting goods firm of Schuyler, Hartley & Graham purchased two small New England cartridge manufacturers in 1866. Machinery from the Crittenden & Tibbals Manufacturing Company of South Coventry, Connecticut, and from C.D. Leet of Springfield, Massachusetts, was moved to Bridgeport where ammunition production began as the Union Metallic Cartridge & Cap Company until the operation ...
AMMO, Inc. (NASDAQ: POWW) has been awarded a contract by the Irregular Warfare Technical Support Directorate (IWTSD), formerly CTTSO, operating under the U.S. Department of Defense, to design and ...
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.