And in the biggest gun news of the year…
Poor old Remington. The ghosts of the Freedom Group have come home to roost and you deserved better.
Founded in 1816 by Eliphalet Remington in Ilion, New York, the company (for now) has locations in Alabama (where I did an extensive tour of their mega factory in Huntsville), Kentucky, Tennessee, Arkansas, Utah, South Dakota, and North Carolina. Once upon a time I even worked for Remington, doing articles for their 1816 lifestyle blog for a couple of years.
The current company grew several times between 2005 and 2007 when the Freedom Group, an offshoot of Cerberus Capital Management, aimed to buy up a ton of smaller companies under the FG umbrella, cut costs (see= mega factory), then (try to) sell the reinvented 80-foot gorilla for lots of profit.
This saw Remington gobble up AR-15 makers Panther Arms, DPMS, and Bushmaster; suppressor maker AAC, Para-Ordnance pistols, premium rifle maker Dakota Arms, accessory maker TAPCO (the horror), lever-gun icon Marlin (which came with budget shotgun/rifle brands H&R and New England Firearms), shotgun maker Parker, and precision barrel company Stormlake. They even bought innovative designs from other companies such as the Masada rifle for Magpul, which they marketed (poorly) as the Adaptive Combat Rifle, or ACR.
The thing is, somehow they ran it all incredibly poorly and filed bankruptcy three times since 2015. While the first two saw the company emerge after restructuring more or less intact, this latest go-round will not go as smoothly.
In short, Ruger, Sig Sauer, Vista Outdoors (Federal/CCI), Palmetto State Armory, Franklin Armory, Sierra bullets, and others are all fighting over the scraps, with the courts to decide who ultimately goes home with the choicest parts of the carcass.
More in my column at Guns.com.