Remington Bids Revealed! Who Gets What Part? and What It Means For Other Gun Companies

Published on September 28, 2020
Duration: 8:01

This video provides an update on the Remington bankruptcy proceedings, detailing the successful bidders for various Remington assets. Key entities like Round Hill Group LLC, Vista Outdoor, and Sturm Ruger & Company have acquired significant portions of the company, including manufacturing facilities and brand names. The process is ongoing, with final court approval pending.

Quick Summary

Round Hill Group LLC is the leading bidder for the Remington gun factory in Ilion, NY, the handgun barrel factory in Tennessee, and Remington's shotgun line, with a $13 million offer. Vista Outdoor and Sierra Bullets have also successfully bid on ammunition businesses, while Sturm Ruger is acquiring Marlin Firearms.

Chapters

  1. 00:09Introduction & Sponsor
  2. 00:52Remington Bankruptcy Bids Released
  3. 01:02Bidder Selection Process
  4. 02:02Round Hill Group LLC's Major Bid
  5. 02:58Vista Outdoor & Sig Sauer Bids
  6. 03:06Sierra Bullets & Barnes Ammunition
  7. 03:15Sturm Ruger Acquires Marlin Firearms
  8. 03:29JJE Capital Holdings Bids
  9. 03:41Franklin Armory Holdings & Bushmaster
  10. 03:47Sportsman's Warehouse & Tapco
  11. 03:54Court Approval Process Begins
  12. 04:07Employee Impact & Furloughs
  13. 04:50Ilion's Deputy Mayor's Statement
  14. 05:35Ilion Community Impact
  15. 05:54Timeline for Final Decisions
  16. 06:16Analysis: Remington's Legacy & Future
  17. 06:33Lawsuit Impact & Political Commentary
  18. 07:04Educating Others on 2A Issues
  19. 07:19Conclusion & Call to Action

Frequently Asked Questions

Who is the primary bidder for the Remington gun factory in Ilion, New York?

Round Hill Group LLC is the apparent high bidder for the Remington gun factory in Ilion, New York, along with the handgun barrel factory in Tennessee and Remington's shotgun line, for a bid of $13 million.

Which companies have successfully bid on Remington's ammunition businesses?

Vista Outdoor is a successful bidder for the Lonoke ammunition business, with Sig Sauer as the backup. Sierra Bullets is a successful bidder for the Barnes Ammunition business, with the Barnes Acquisition LLC group as backup.

Who is acquiring the Marlin Firearms brand from Remington?

Sturm Ruger and Company is the successful bidder for the Marlin Firearms business. Long Range Acquisition is listed as the backup bidder for this acquisition.

What is the status of the Remington bankruptcy bid approvals?

The bankruptcy court process for reviewing and approving the bids began on Monday morning. Decisions on who gets what are expected later in the week, though the process could take longer than a single day.

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