I exclude management because management was complicit and likely partially responsible for the demise of Remington Arms. Robert Nardelli became CEO of Freedom Group in September 2010 as the North Carolina-based gun maker searched for a permanent CEO. Let’s take a look at what we know. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. Remington Arms Co., Inc. Remington, once owned by a Delaware holding company, DuPont Chemical and Energy Operations, Inc., was sold to Raci Holding in the early 2000s. Someone got on my case a while ago because I made light of the quality issues with Remington, and for pointing a finger at the workers. Remington Outdoor Company. “I’ve been a hunter my whole life,” said Italia. In 1888, the first of many acquisitions of the company took place and the company was renamed Remington Arms, Co. That changed again in 1918 to Remington UMC (Union Metallic Cartridge). Initially it seemed like a great product, until it was learned that the trigger could possibly go off on accident. Founded in … They are all life-long hunting advocates and staunch Remington brand loyalists. At present,Remingtonis part of the larger Freedom Group, a conglomerate of gun manufacturers. Combining the finest components with game-changing innovation, Remington engineers are moving closer to perfection round by round. The Remington unit generates about $200 million in annual sales. Employees of Dakota Arms did not lose their jobs in the acquisition but were asked to reapply for their positions through Remington. It was during the late nineties and the early 2000s that Remington started to really acquire a debt load due to slumping sales. So i was curious, and wanted to know who owns Remington Arms, turns out the same company that owns Remington owns DPMS among others. Here’s the kicker. Any concerns? All aspects of our business are conducted with the highest levels of integrity and are focused on creating sustainable value for all of our stakeholders. Quality control issues became a noose around the neck of Remington and it’s holdings. Remington Arms, the legendary American gun company, is being sold off to a number of other companies following its long, ... Storm Lake Precision Barrels and Parker Shotguns will go to the JJE Capital Holdings group which owns Palmetto State Armory and PSA Defense. “The Roundhill Group is a group of individuals all of whom have years of experience in engineering, manufacturing and marketing both in and outside of the firearms space. Since then, the company has been trying to sell off its various brands and operating units. This is good news for all involved, and I have it on good authority from several industry insiders, that Roundhill will do right by the brand. The Freedom Group came into existance in 2007, when Remington Arms (whom would purchase Marlin Firearms in 2008) were bought by Cerberus Capital Management (a private equity firm). So i was curious, and wanted to know who owns Remington Arms, turns out the same company that owns Remington owns DPMS among others. Remington Outdoor Company (ROC) was an American firearms manufacturer and holding company. Which leads us to what is happening now. Rich has been a Fool since 1998 and writing for the site since 2004. The Remington asset bids have recently been revealed with some surprising results with perhaps some looming consequences for some of the more popular firearms from Remington. The big news is that Remington firearms will continue. Seriously, what happened to Remington? Returns as of 12/24/2020. When investors became the biggest part of the decision making process, and this was long after I left, customer service faltered. Absolutely not. Remington like… every year it seems. Combining the finest components with game-changing innovation, Remington engineers are moving closer to perfection round by round. Remington Arms, the legendary American gun company, is being sold off to a number of other companies following its long, slow descent into bankruptcy.Fortunately, many of the companies picking up Remington assets are other gun industry leaders in addition to a few holding groups. Back in July Remington filed for bankruptcy…. It’s hard to accept, especially when most of us have had great experiences with the company. In fact, they showed no interest in the future and didn’t do much to maximize any potential.” That doesn’t give much hope that the company would make it. This included Marlin, Bushmaster, DPMS, H&R, Tapco, AAC and more. (WUTR-TV) — Richmond Italia is the new owner of the Remington Arms plant in Ilion. Don’t Screw Up the Opening Day of Bow Season! At present,Remingtonis part of the larger Freedom Group, a conglomerate of gun manufacturers. Remington Arms is America's oldest privately owned gun manufacturer, and specializes in the manufacturing of shotguns, rifles, and various other firearms and their ammunition. The current plan is to continue manufacturing Remington firearms with high quality standards in place. Remington Arms Company, LLC is a manufacturer of firearms and ammunition in the United States.It was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons.Remington is one of the oldest gun makers in the US and is claimed to be the oldest factory in the US that still makes its original product. Remington operated in Alabama, North Carolina, and Arkansas, along with the original facility, a living museum if you will, in Ilion, N.Y. One can only speculate how new ownership might consolidate these facilities. That was the level to which one became accustomed to being served by the company. Stock Advisor launched in February of 2002. Freedom Group also acquired other major firearm manufacturers, consolidating the manufacturing process of each brand because of intense competition in the business. There are tons of them out there, and many across the outdoor industry. When the company branched off into some additional, Remington-branded outdoor lifestyle products, Cerberus renamed Freedom Group to the Remington Outdoor Company to do a couple of things. 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. It doesn’t happen overnight, either. DuPont held onto the company until 1993, when it was sold to an investment firm. 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. They quickly emerged, but now, the company was burdened with a massive debt load. Moreover, time will tell how what Remington products survive the transition. Remington is the largest US producer of shotguns and rifles. But Remington as we’ve come to know them is done. I may not be able to respond to every suggestion, but I do read them all! Bear with me here, we’re almost done with the musical chairs of ownership. Remington Arms Co. Inc., a subsidiary of Freedom Group, acquired Marlin in 2008. My friend, Jim Sheppard with the Outdoor Wire, recently noted that Cerberus was not that interested in the firearms and outdoor industry. During WWI, Remington had contracts to produce M1907-15 Berthier rifles for France, Enfield rifles for Britain, and 1891 Mosin-Nagant rifles for Russia. The waves kept coming and soon the boat sank. Of course, if you control the manufacturers you can decide not to sell to civilians, or, you can raise the prices to ridiculous levels or you can make the supply of guns and … The bones of bankrupt Remington Arms continue to be picked clean as Sturm, Ruger (NYSE:RGR) announced it was acquiring the gunmaker's Marlin Arms for $30 million. In March 2012, Nardelli stepped down as … In 2007, Cerberus Capital Management took ownership when the company did not report a profit for several years. Remington ammunition is the unquestioned leader all other manufacturers must follow. For the past several months I have been getting searches for some variant of “does George Soros own Remington?” Or Marlin, Bushmaster, DPMS or several other gun and ammo makers. And with the launch of the first Remington ® chainsaw in 1954, Remington ® introduced a durable design capable of handling even the demanding duties of loggers. No, that’s not the case here at all. Does this mean that there will no longer be a Remington rifle, shotgun or pistol? Remington Arms, the gun maker that has equipped American soldiers for 150 years, has agreed to be acquired by a private equity firm, Cerberus Capital Management, for $118 million, a … GALLUP — Gun manufacturer Remington Arms Co. is in talks with the Navajo Nation about a possible purchase of the company. AMMUNITION. The Ilion part is important, as it remains the oldest factory in the United States that still produces the original product the factory and company was founded upon. They just have to be fully committed to the industry they are getting involved in. From a recent press release, here is some background information. Now, that’s not to say that you’ll never see a Remington again. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Drop your thoughts in the comment section below. Absolutely not. When I was there, Jim Cabela would walk from his office, down to customer service each day. During the Great Depressions, Remington was again sold off, this time to DuPont. WESTFIELD — Investors led by Savage Arms CEO and President Al Kasper purchased the gun manufacturer from sporting goods conglomerate Vista Outdoor for $170 million earlier this month. Tomcar: Tough, Little-Known ORV Sets the Bar for Rugged Capability, Grey Man Tactical™ Offers Plate Carrier & Helmet Rack Kit, SIG vs. Glock: Perfect Packing Pistol Comparison, Long Live The Lever Gun! Herein lies a real problem for the company, and one that helped strike the death knoll, for it. Roundhill Group, LLC is the Successful Bidder of the Non-Marlin Firearms Business and Inventory; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders [ … Advertisement. 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