Remington To Sell Ammo Brands To Owners Of Palmetto State Armory?

Published on September 11, 2020
Duration: 4:56

This video from Guns & Gadgets discusses the potential sale of Remington's ammunition brands and Barnes Bullets to JJE Capital Holdings LLC, the owner of Palmetto State Armory. The report clarifies initial details about the bankruptcy sale, bid amounts, and the implications for ammunition production. The speaker, an experienced voice in 2nd Amendment news, provides an authoritative update on this significant industry transaction.

Quick Summary

JJE Capital Holdings LLC, the owner of Palmetto State Armory, has reportedly bid $65 million to acquire Remington's ammunition brands and Barnes Bullets. This potential acquisition, part of Remington's bankruptcy proceedings, includes two manufacturing facilities and is subject to creditor approval, potentially boosting overall ammunition production.

Chapters

  1. 00:06Introduction & 9/11 Remembrance
  2. 00:29Remington Bankruptcy & Initial Sale Report
  3. 01:09Updated Bid Information for Remington Ammo
  4. 02:43Palmetto State Armory Connection & Future
  5. 03:47Clarification & Closing Remarks

Frequently Asked Questions

What is the latest news regarding Remington's ammunition brands?

Remington's ammunition portion and Barnes Bullets are reportedly being sold as part of its bankruptcy. JJE Capital Holdings LLC, owner of Palmetto State Armory, has submitted a $65 million bid for these assets, including manufacturing facilities.

Who is JJE Capital Holdings LLC and what is their connection to Palmetto State Armory?

JJE Capital Holdings LLC is the corporate entity that owns Palmetto State Armory. If their bid is successful, they would acquire Remington Ammunition and Barnes Bullets, potentially increasing ammunition production.

What are the key details of the potential Remington ammunition sale?

JJE Capital Holdings LLC has bid $65 million for Remington's ammunition and Barnes Bullets, along with two manufacturing facilities. The sale is subject to creditor approval, and other bids may emerge.

What is the significance of this potential acquisition for the firearms industry?

This acquisition could lead to a significant increase in ammunition production capacity, potentially impacting market availability and pricing. It consolidates ownership of major ammunition brands under a single, well-established entity.

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