Hello my friends,

A lot of subscribers asked me to write an article about the current situation in Ukraine. Some readers are still surprised that author of the Rem870.com isn’t from USA but from Ukraine :)

Previous article: Civil Guns and Equipment, Militia, Ukrainian War Experience

One of the questions was about the beginning of this war. Well, this war has deep historical roots; Russia never wanted Ukraine to be independent and used its army to destroy young sovereign Ukrainian states several times already.

You can read more about the background of the full scale invasion to Ukraine in the end of the post.

Successful bidders and the Remington businesses they are buying:

Vista Outdoor Inc. for its Lonoke ammunitions business and certain IP assets

Roundhill Group LLC for its non-Marlin firearms business

Sierra Bullets LLC for its Barnes ammunitions business

Sturm, Ruger, & Co. for its Marlin firearms business

JJE Capital Holdings LLC for DPMS, H&R, Stormlake, AAC and Parker brands

Franklin Armory Holdings Inc. for Bushmaster brand and some related assets

Sportsman’s Warehouse Inc. for Tapco brands

Remington Bankruptcy in 2018

Remington Outdoor Company has been manufacturing firearm products for close to 200 years now. Remington is best known for manufacturing handguns, shotguns, rifles, and ammunition for a variety of customers, including hunters, military, and police. Cerberus Capital Management is the company which currently controls Remington. It was recently announced that Remington filed for bankruptcy.

The company filed in a Delaware Court less than a week ago. The filing includes a revised plan for getting rid of the $620 million that Remington owes. This would help them payback most of the money they owe to creditors, but they will have to give a majority of the ownership interests in their company to certain lenders. Two of the big lenders here include JPMorgan Asset Management and Franklin Resources Inc.

Second Annual Remington 870 Owners Club Meeting (Kyiv, Ukraine)

Kyiv, Ukraine, 4th of July, 2020 – Second Annual Remington 870 Owners Club Meeting was held and gathered about a hundred proud Rem 870 owners from around the country.

While the United States was celebrating the Independence Day, a meeting was held dedicated to an iconic American firearm – the Remington 870 shotgun. The most popular pump-action shotgun in the world is also very popular in Ukraine. It is used as a competition (practical shooting, 3-Gun), hunting, and home defense gun.

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