Looks like some of the assets of Remington have been sold.

[jelenko]

https://www.alloutdoor.com/2020/10/01/what-happened-to-remington/

How interesting - and what a surprise. Roundhill's current website is all about commercial real estate.

I hope for the best but fear that Remington firearms is going to be a 'side' business for Roundhill. When/if push comes to shove, side business tend to get pushed out.

 

[sw282]

You seem to know a great deal about the situation . Who exactly lent them the money??? How do you think they determined that the loan was worth making? How much money did Cerberus take out and was any of it in redemption of preferred stock and/or taxable dividends?

Jim. l have read quite a bit on this situation for several years. Like fan of a sports team l have followed Remington most of my adult life. l watched Winchester get skinned, field dressed, and ten eaten 15 yrs ago, just as Remington being eaten. l can imagine these ''lnvestment firms'' borrow from the same people we do. That's Banks. l dont have a crystal ball or any inside lnformation. From my view l see these ''investors'' killing companies frequently. Remington died just as my beloved Sears Roebuck is now... The guy/owner killing Sears is only in it for the property/real estate. He closes a few stores, sells the real estate/inventory. That sale money goes into his pocket, NOT Sears Roebuck. with American business its all about the DOLLAR. People/employees are just another resource, like plant inventory. l remember when they used to be called 'PERSONNEL'. Not any longer, just another resource

 

[mauser284]

Ha! I thought the same exact thing! Make Marlin Lever Guns Great Again!

Yes my wife got me my Marlin 1895 2-5 years before Remington bought Marlin. My Marlin has deep blue finish, great wood fit. Nice walnut great grain and some figure. The fit and finish of the wood and metal is great. The action is slick as can be and has never had any binding, failure to feed, eject, fire etc....It is insanely accurate with the iron sights. Using cheap UMC ammo and the less than ideal iron sights I was calling shots and letting my kid pick my targets out to 100 yards on toys mostly action figures from thrift stores my friend could not sell on eBay that came in lots. As in being able to shoot just the hand off a GI-JOE action figure at 50 yards with iron sights or just the head. I was about 35 years old and my eye's still worked great then! Now I have a Buris Fullfield 3x-9x on it from back when all of their optics were made in America. It is a deer, bear and hog killing machine.

I do wish I had the bigger loop lever on it. Now that I am older I need to wear insulated gloves in the winter.

Ruger uses a lot more CNC since they came out with the Ruger American Rifle. That said if finished properly not 1990's Ruger finishing investment casting are great too. Ruger just has never been big on doing good fit and finish. Ruger like Savage used to be very affordable and a good value so you did not worry too much about finish.

They can not keep churning out low grade garbage for $500 and think that what used to cost $475 15 years ago is now worth $1500++ unless you are paying your workers 3X as much as they used to make or the average wage in America has gone up 3X in that time frame ok. If you can not do that than just go out of business and let someone in Taiwan show you how to do it! If it is due to taxes and energy cost maybe you need to teach your workers how to vote in people that are friendly to business and think about how you can do that at all levels local, state and federal levels to bring energy cost, taxes, medical cost and red tape under control!

My Marlin 1895 in 45-70 is my favorite rifle. It is not the rifle I use the most but it is my favorite. I am a very practical guy were utility is my main focus and value is a close second. That said I do have some romantic attachment to this rifle and it is the only rifle I can say that about. It is also the only rifle my wife ever bought me or picked out for me. It was a present I think it my 35th birthday but it was definitely 30-something birthday! LOL She knew I always wanted a lever action but had no need for one. She knew I also wanted a 45-70 Springfield Trapdoor and this was like 2 birds with one stone. My wife is a country girl a true farmers daughter. Growing up they only ate what they killed the steer were for market! Everyone in the family girls and boys hunted. Running water and electricity but no AC and 2 story home in Michigan on a Great Lake was heated with a single wood burning stove! So I have hi hopes for Ruger and Marlin but I am not going to hold my breath. I would likely have better luck having someone one in Taiwan or Japan build a great lever action I could import and sell at a profit with fantastic build quality and materials for less than Ruger or Savage could even if they cut every corner imaginable. Not sure if it is greed or incompetence. Remington could not do it that is for sure.

We can not even get an industry that can sustain increases in demand. Even on the "primer manufacture" side of things not even counting finished ammo they can not ramp up production quickly to handle demand. It is like WWII Japanese cottage industry gun making having little school girls making poorly made rifles in make shift factories or Vietnamese making 1911 45 clones with hand files in a cave. Ammo and component shortages have suffered before so this is nothing new. It shows how poorly managed and designed the industry is!

 

[mauser284]

Well said Tom! A New York friend told me that back in April the Remington Plant in Ilion offered to build ventilators for the Fed Govt. The Feds said, ''No thanks, we'll get them from China instead". l think Cuomo made Remington close the plant shortly thereafter because of the CHINA VIRUS. He said Remington was a NON-ESSENTIAL lndustry.
The President could have very easily saved Remington Arms and their Ammo Plant with the War Powers Act with the stroke of a pen and a bit of cash. Look what he did for GM. Made them start making ventilators and gave them a couple Hundred Million Dollars for expenses! Nothing for Remington l don't understand our govt NOT supporting our Arms lndustry. Beretta is almost 500Yrs old. German Arms makers are helped by their govt. Same even in Japan, Belgium, Sweden. Many other countries do the SAME. if Guns and Ammo aren't Essential War lndustries, please tell me which are???

I will say this the best thing that happened to the domestic auto industry was German and Japanese imports. The worst thing that happened to domestic auto industry out sourcing!

I have no time for domestic companies that want to build garbage for top dollar and pay workers as little as possible while holding the customer hostage with laws protecting them from competition. If you can not build what I want at a price point that is decent get the heck out of the way and let me import from Taiwan, Japan, Eastern Europe were I can get modern materials, higher levels of machining, fit and finish at a better price point! Stop using ancient machinery, under paying workers and over paying the dead weight that is at the top of all of the now ancient bloated US Arms makers that are owned by hedge funds.

Vote at the local level, state level, federal level for people that are friendly to business, energy and trade. Stop allowing domestic brands to outsource and profit at it under the guise of domestic production! Vote for people that are not going to cripple energy production and tax you and business to death!

 

[JimT]

Jim. l have read quite a bit on this situation for several years. Like fan of a sports team l have followed Remington most of my adult life. l watched Winchester get skinned, field dressed, and ten eaten 15 yrs ago, just as Remington being eaten. l can imagine these ''lnvestment firms'' borrow from the same people we do. That's Banks. l dont have a crystal ball or any inside lnformation. From my view l see these ''investors'' killing companies frequently. Remington died just as my beloved Sears Roebuck is now... The guy/owner killing Sears is only in it for the property/real estate. He closes a few stores, sells the real estate/inventory. That sale money goes into his pocket, NOT Sears Roebuck. with American business its all about the DOLLAR. People/employees are just another resource, like plant inventory. l remember when they used to be called 'PERSONNEL'. Not any longer, just another resource

Thats what I thought. This might give you a little more perspective and education on this issue.

https://nymag.com/intelligencer/2016/11/a-billionaires-dreams-of-creating-a-guns-empire.html

 

[Brians356]

l can't lmagine a worse situation for Remington Ammo or the American shooter/hunter having Vista 0utdoors the new owner of ANOTHER ammo company. l see VISTA shutting Remi Ammo down FOREVER. The end result being Greater Demand/Higher Prices due to LOWER SUPPLY of ammo and components. l believe Vista likely controls/owns two-thirds of Ammo/Component production capacity in this country. They own FEDERAL, CCI, SPEER, ALLIENT, RCBS, LAKE CITY ARSENAL. And NOW Remington Ammo. With heightened tension, violence, along with the possibly of a WACKO SOCIALIST Administration DC we are in for a rough MASSAGE with an 'UNHappy Ending' and NO kiss

None of my friends or family who work for Speer or CCI seem to complain about Vista's stewardship. I guess they're too busy earning a good living in a town that has at least once been selected as the #1 best place for the American hunter and fisherman to live.

https://lmtribune.com/business/vist...cle_65543ff4-6eb4-51a5-981e-c6fed4fec4ee.html
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[sw282]

None of my friends or family who work for Speer or CCI seem to complain about Vista's stewardship. I guess they're too busy earning a good living in a town that has at least once been selected as the #1 best place for the American hunter and fisherman to live.

https://lmtribune.com/business/vista-outdoor-acquires-remington-plant/article_65543ff4-6eb4-51a5-981e-c6fed4fec4ee
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brians. l wish you and you Vista employed family members well. From a customer's (ME) perspective Vista could
care less about my welfare or opinion (BAD) of them. At this very moment l am sitting on a RCBS Summit press with
a broken handle that is useless to me. l cant get past their ''Customer Service" (JOKE) switchboard to request a replacement. Twas NOT that way before Vista ate RCBS. Want to ask a tech a question at SPEER? These days
you may as well be writing Santa @ the North Pole.. Your are just as likely to get an answer.
Picked up 2 sleeves of Federal Large Pistol Primers. At least l thought they were 'Pistol'. Opened a sleeve, out comes a brick marked ''Rifle". Surprise! Surprise Verne! Now l'm sitting on TEN THOUSAND unknown primers. No use
to me. What are They? l call Vista/Federal customer service (JOKE). l ask to speak to someone. 2 yrs, l'm STILL on HOLD.
brians. Being a problem solver l took care of ALL three. l went on GunBroken, found a replacement handle for the press.
l gave those UNKNOWN primers to a friend.. ALL ten thousand! Speer ballistics problem turned into a Hornady solution.
Seems to me lots of 'customer service' folks are now unemployed at Vista. Likely Remington CS awaits the SAME FATE