An investment company called The Roundhill Group LLC purchased the Remington firearms factories last fall for $13 million. The deal included Remington’s main factory in Ilion, New York, and its handgun barrel factory in Lenoir City, Tennessee. The sale included all the firearms side of the business except Marlin.
Are Remington rifles still being made?
The massive Remington factory in Ilion, New York, is stirring back to life after a fall and winter of uncertainty following last year’s bankruptcy, breakup, and sale. Word is that sometime in 2021, we’ll see Remington guns on dealer’s shelves again.
Who makes Remington firearms?
Remington Outdoor Company
|Brands||Remington Barnes Bullets Bushmaster DPMS Advanced Armament Marlin Firearms H & R Firearms Para USA The Parker Gun Dakota Arms Tapco Storm Lake Barrels|
|Revenue||US$ 865.1 million (2016)|
|Net income||US$ 18.9 million (2016)|
|Owner||Cerberus Capital Management|
Who bought Remington Arms in 2020?
In Apr. 2021, the New York plant resumed production under new owners Roundhill Group, which bought it in 2020. Roundhill Group was one of seven buyers in Remington’s bankruptcy sale.
Is Remington guns still in business?
Remington Arms Company, LLC was an American manufacturer of firearms and ammunition, now defunct. Founded in 1816 by Eliphalet Remington (as E. Remington and Sons) in Ilion, New York, it was one of the oldest gun makers in the US and claimed to be the oldest factory in the US that still made its original product.
Who makes the Remington 870 now?
Currently, Roundhill Group owns the rights to produce all Remington-related brands (DPMS, Bushmaster, Dakota Firearms, Para USA, H&R) with the exception of Marlin’s assets, which went to Ruger. One of the most recent versions of the Remington 870 pump shotgun.
Who bought out Remington Arms in 2021?
Investors doing business as the Roundhill Group purchased the Remington-branded gun-making business, including operations in Ilion, New York, and Lenoir City, Tennessee for $13 million.
Did Ruger buy Remington?
But last August, Marlin ceased production of new rifles while its parent company, Remington Outdoor, was mired in financial troubles. Ruger purchased the company in September 2020 for approximately $28.3 million, plucking it out of the larger Remington Outdoor bankruptcy.
Who bought out Winchester?
The Winchester brand is today owned by the Olin Corporation and the name is used under license by two subsidiaries of the Herstal Group: Fabrique Nationale (FN) of Belgium and the Browning Arms Company of Ogden, Utah, United States.
Winchester Repeating Arms Company.
Does Remington still make the 870?
In short, the 870 is one of the most versatile guns a sportsman can own. Remington has endured some long-standing financial troubles. The more than 200-year-old company entered bankruptcy and was sold off in blocks in 2020.
Is Remington going to make guns again?
Remington Firearms may be rising from the ashes of its bankruptcy last year. The new company will be known as RemArms and company officials claim we may begin seeing Model 700 rifles and Model 870 shotguns at sporting good retailers yet this fall. … The firearms side of Remington is now officially known as RemArms.
Who bought DPMS from Remington?
DPMS was acquired by Remington/Freedom Group in 2007, and it had produced a wide variety of AR-15s and AR-10s for hunting and shooting. AAC or Advanced Armament Corporation is one of the leading makers of suppressors, which is a booming business these days. AAC builds a wide array of suppressors for everything from .