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.
Remington 887 Nitro Mag Shotgun was introduced in 2009, it had some very interesting features such as polymer finish called ArmorLokt.
I was contacted by one of the readers of the blog which told me that Remington 887 Nitro Mag shotgun was discontinued. I have contacted Remington and received following answer:
Thank you for your inquiry. Unfortunately, the 887 NitroMag shotgun line has been discontinued as of 2015.
We do still offer spare parts as of right now. However, because this model has been discontinued, we cannot guarantee that the parts will be around for long. We do not have any immediate plans to re-release the 887s. There is a possibility that we could bring them back in the future, but we currently do not have any plans in the works.
FREE Gun Safety Guide – FREE to Download, FREE to Share!
From Amazon review:
“It’s a short book, but it covers a lot of vital information, including storing your firearm at home, and teaching children about firearm safety. Just a few of the simple precautions he lists here could save countless lives. I know many arrogant gun-owners who will say “I already know all that stuff!”, but accidents can happen to anyone.”
This ebook is free to make it available for all firearms owners.
I care about gun safety and do all possible to make our community safer. You can download my FREE Gun Safety Guide in PDF format, as you know. But I understand that some people don’t have time to read books, so I wanted something simple that you can print out and give to newbies or friends.
Here you go, I have ordered Gun Safety Poster from illustrator. It is FREE to download, print and share:
Solid, rugged and dependable comes to mind when you think of Remington 870. The Mossberg 500 however, has an aluminum receiver and a plastic trigger guard, and safety lever, both of
which have to be replaced if used for military or law enforcement purposes. Anyone using the Mossberg 500 for any tactical situation would need to replace the plastic components with metal ones.