Remington has sold its businesses in parts amid the 2020 bankruptcy. Therefore, the Remington brand and assets will now be owned by different companies including Ruger, Vista, Roundhill Group, Sierra Bullets, JJE Capital Holdings, and Franklin Armory. These buyers will continue to make Remington guns.
Who makes Remington rifles 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.
Is Remington still producing firearms?
For as long as I’ve been writing in this space, Remington has been the world’s most maligned firearms brand. 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.
Is the Remington 700 still being made?
Back then, brand loyalty was strong. So strong that at age 14 when I bought my first Remington Model 700, my mother refused to talk to me. … Remington Outdoor Company filed bankruptcy in mid 2020, and as of right now Remington firearms are not being produced.
Why did Remington fail?
The company previously filed for Chapter 11 bankruptcy protection in March 2018 citing sluggish sales and some $950 million in debt. The reorganization allowed the company to shed $775 million of its debt, emerging from bankruptcy under the control of its lenders.
Why did Remington shut down?
Remington had been plagued by lawsuits filed after the 2012 Newtown, Conn., school shooting in which 20 first-graders and six educators were killed. The gunman used a Remington-made rifle. Cable news channel CNBC said Remington entered bankruptcy after failing to reach an agreement with the Navajo Nation.
Who bought Remington Arms in 2020?
Vista Outdoor acquires Remington’s ammo and accessories business for $81.4M. Vista Outdoor Inc. on Monday announced it acquired Remington Outdoor Co. Inc.’s ammunition and accessories businesses.
Did Remington stop making ammo?
The lack of consistent production at the Remington ammo plant is considered one of the elements in the perfect storm of supply chain issues that have plagued the ammo market through 2020 and into 2021. … I am sick and tired of not being able to find Remington ammunition on the shelves,” he said. “We are fixing that.
Who bought Remington ammo in 2021?
by John Magsam | May 27, 2021 at 1:54 a.m. Vista Outdoor, the new parent of Remington Ammunition with its factory in Lonoke, said surging ammo demand seen during the covid-19 pandemic is different and more sustainable than in years past.
Are Remington rifles still good?
The Remington 700 is an iconic bolt-action, center-fire rifle that has been a staple of the hunting arena for the past 50 years and still going strong to this day. Straight out of the box this rifle has the most on-point accuracy that I’ve seen in the same price range from large competitors. …
Are the new Remington 700 any good?
The Remington 700 is a solid and well tested bolt action rifle of that there is no doubt, however the competition today is stiff and the old 700 Remi can simply no longer compete with the out of the box accuracy and build quality of other cheap rifles.
Is the Remington 770 junk?
both of the Remington low ends,710/770 are junk! the Ruger is to new but IMO just from giving one a look over and playing with multiple stocks I would pass on it as well. You’re right that an entry level rifle is going to be an entry level rifle.
Can you still buy Remington ammunition?
closed on its acquisition of Remington’s ammunition production facility, along with the Remington brand and trademarks. … Gun and ammunition sales have skyrocketed nationally since March of 2019 on fears spawned by the covid-19 pandemic and civil unrest.
What will happen to Remington Arms?
Remington products will continue to be manufactured and sold under the purchasing entities’ management. For example, Lonoke ammunition will be available to buyers through Vista Outdoor.
Is Remington gone?
Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the company’s weapons and ammunition holdings. … The auction is the culmination of Remington’s second bankruptcy of recent years.