The gunmaker's assets are being auctioned off this week and on Monday, Vista Outdoor (NYSE:VSTO) won the bid for Remington's ammunition business, paying over $81 million. The sell-off of Remington assets, specifically product brands, will be going forward through Federal Bankruptcy court, with an order expected Tuesday September 29, 2020. The new chapter in the history of modern digitally-aimed firearms starts today, as Remington Arms Company − America's oldest gunmaker, and now a Freedom Group company along with Bushmaster, PARA-Ordnance, Marlin, Harrington & Richardson, DPMS, TAPCO, Dakota Arms, Mountain Khakhis, Barnes Bullets, AAC and Parker Gunmakers − announced the Remington 2020, a new digital aiming … A link has been sent to your friend's email address. Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show.. Photo by Remington. _gaq.push(['_setAccount', 'UA-6323545-2']); In the bankruptcy auction in September 2020 Remington Outdoor Company was sold in parts.The Remington Arms business and the non-Marlin firearms business was sold to Roundhill Group LLC. Home. Remington's brand and trademarks are sold to Vista Outdoor . A link has been posted to your Facebook feed. The tribe had been in talks to acquire Remington Arms Co. out of bankruptcy, but negotiations collapsed in recent weeks, leaving the company without a lead bidder, according to several media reports, including The Wall Street Journal which first reported the negotiations in June and cited sources familiar with the matter. "I was just recently told by a Remington official that there are a lot of small towns that are going to be impacted by Remington … The bids placed for various parts of the conglomerate were released in court documents filed Sunday. -- The Remington Arms factory in Ilion, which employs more than 700 people, will be sold to an investment company as part of a plan to break up the troubled gun maker and sell it off in pieces. FARMINGTON — The Navajo Nation has ended its pursuit to buy a centuries-old manufacturer of firearms and ammunition. Filings with a federal bankruptcy court in Northern Alabama on Sunday show that Remington as it is currently known will likely be broken up among several successful bidders in … Raleigh Thomas says: September 28, 2020 at 18:52 . It … Please be polite. 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; The tribe had been in talks to acquire Remington Arms Co. out of bankruptcy, but negotiations collapsed in recent weeks, leaving the company without a lead bidder, according to several media reports, including The Wall Street Journal which first reported the … Roundhill Group was the winning bidder for Remington firearms. Jeff Madison, president of Local United Mine Workers, said in an email Wednesday afternoon that … Sportsman's Warehouse Files for Chapter 11 Bankruptcy, Eddie Bauer Files for Bankruptcy, then Agrees to Buy-out, Remington Arms Company Files for Bankruptcy (Again), Remington Pursues Bankruptcy to Reduce Massive Debt, Parent of Remington, Marlin, Bushmaster Suffers Hedge Fund Woes, Sportsman’s Warehouse Acquisition by Great American Outdoors, Powder Burn Rate Comparison Table — Download HERE, New SEB Premium Bigfoot Rear Bag — Impressive Design, New Nosler Reloading Guide #9 — Data for 101 Cartridge Types, Check for Bullet Tip Contact with Seating Die Stems. Neither the tribe nor Remington named each other in legal documents but the declaration of Remington Outdoor Company CEO Ken D'Arcy filed in bankruptcy court describes a "potential bidder" proposed purchasing the business and eventually emerged as the lead bidder from five interested parties. The future for Remington Arms certainly looks different, but thanks to Roundhill Group, the oldest name in American firearms might actually have a future. Welcome to our new and improved comments, which are for subscribers only. Again. Cerberus was looking to go big in the industry and started buying up other firearms and firearms-related companies, pulling it all under the banner, The Freedom Group. Probably a dumb question , but what will happen to the future of the Rem 700? “I’ve been a hunter my whole life,” said Italia. Remington assets will be divided among: Franklin Armory, JJE Capital, Ruger, Roundhill Group, Sierra Bullets, Sportsman’s Warehouse, Vista Outdoor. Remington-owned brands displayed at Remington booth at SHOT Show. var _gaq = _gaq || []; Remington’s Lonoke, Arkansas, ammunition business will go to Vista Outdoor (with SIG Sauer as a backup bid), Sierra Bullets will acquire the Barnes Ammunition interests, Ruger will acquire Marlin, Franklin Armory will assume the Bushmaster brand (and related assets), JJE Capital Holdings will assume DPMS, H&R, Stormlake, AAC, and Parker brands, and Sportsman’s Warehouse will acquire the Tapco brand. It's OK to disagree with someone's ideas, but personal attacks, insults, threats, hate speech, advocating violence and other violations can result in a ban. This is a sad story. })(); To comment on a post, click Post Title or "Comment" Link. Remington Arms Co, America's oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection that could come as early as Sunday night and is … "Am I open to other areas of New York? 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