Who bought Remington Arms in 2020?

Who bought Remington Arms in 2020?

Vista Outdoor
on Monday announced it acquired Remington Outdoor Co. Inc.’s ammunition and accessories businesses. Vista Outdoor has agreed to pay $81.4 million for the assets, after being named a successful bidder in the auction process tied to Remington’s Chapter 11 bankruptcy.

Who bought Remington LOKT?

JJE Capital Holdings LLC
Jonathan Randles. Firearms maker Remington Outdoor Co. has agreed to sell its ammunition business out of bankruptcy to South Carolina-based investment firm JJE Capital Holdings LLC for $65 million plus the assumption of liabilities, subject to better offers.

What was the name of the company that sold Remington?

During 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. Remington’s ammunition business, brand name and trademarks were sold to Vista Outdoor. Relocation of production plants

When did Remington and Union Metallic become one company?

In 1912, Remington and Union Metallic Cartridge Company were combined into a single entity, called Remington UMC. In the early 21st century, Remington still produces U.M.C. brand ammunition.

When did Cerberus buy the Remington gun company?

The development caps a hunt for buyers to bring in funds to pay off creditors. Cerberus Capital Management had acquired Remington in 2007, and the firearms and ammunition giant accumulated nearly $1 billion in debt. The company said previously that it had $437.5 million in sales last year, about half the business it did in 2016.

When did Remington buy the Parker Gun Company?

Check out our online Beginner Handgun Course that teaches all the important stuff you need to know. Remington bought Parker Bros. in 1934, but it went defunct in 1942. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt.