When did Remington change ownership?

When did Remington change ownership?

In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt.

Who bought Remington shotgun rights?

The largest part of the Remington business was sold to Vista Outdoor. For over $81 million, Vista got Remington’s ammunitions plant in Arkansas and the rights to use the Remington name and trademarks.

What happened Remington shotgun?

The big news is that Remington firearms will continue. The firearms manufacturing business has been sold to Roundhill Group, LLC. Vista Outdoors acquired the rights to the Remington brand and logo, along with the ammunition business.

Who did Remington sell off to?

Roundhill Group Acquires Remington Big Green’s Ilion, New York, manufacturing facility—along with its barrel-making plant in Lenoir City, Tennessee—has been sold to Roundhill Group, LLC for $13 million.

Is the Remington gun company still making guns?

You will still be able to purchase Remington guns and other products under its various brands, except that they won’t be from the same company that has made them for years. Article continues below advertisement Remington made shotguns, rifles, and ammunition under several brands.

Who was the successful bidder for Remington Firearms?

In our article published a few days ago about the Remington assets being divided Roundhill Group, LLC was mentioned as one of the successful bidders. Today it was made official that they have purchased Remington Firearms, and that the purchase includes “ all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop .”

Are there any Remington rifles that are collectible?

Now, it is the world’s hottest brand. Since Remington was sold and its assets divided among new owners, every Remington is now a limited edition. Remington’s plant in Ilion, N.Y., closed, so there will be no new guns bearing the Ilion, N.Y., stamp. All Ilion-stamped guns are now collectible.

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.