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Remington back in business


10deer

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  • BowhunterNJ changed the title to Remington back in business
1 hour ago, 10deer said:

just saw remington starting to produce  gun in new york factory again

Where did you see that?  I do believe you are mistaken but I will start researching.

 

Screenshot_2021-02-09 Union Remington Arms, oldest U S gunmaker, terminates 585 employees at birthplace.jpg

Edited by bushden

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Over the years the US has sent many of its fine young men & women into great peril to fight for freedom beyond our borders. The only amount of land we have ever asked for in return, is enough to bury those that did not return. COLIN POWELL

 

 

 

 

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9 minutes ago, Bucksnbows said:

They were bought out long ago.  

Factories can still operate to manufacture products under that brand name, even if another company owns them.  I googled this, there is an article indicating operations are expected to continue March 1st of this year per guns.com or thruthaboutguns.com

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15 minutes ago, FeniQuest217 said:

Factories can still operate to manufacture products under that brand name, even if another company owns them.  I googled this, there is an article indicating operations are expected to continue March 1st of this year per guns.com or thruthaboutguns.com

I just looked at both your references I could not find anything on guns.com that said remington is back  in business and the second link did not work.

Another company may have bought out the factory but REMINGTON IS NOT BACK IN BUSINESS like the OP says.

HONOR THE FALLEN
https://thefallen.militarytimes.com/
Over the years the US has sent many of its fine young men & women into great peril to fight for freedom beyond our borders. The only amount of land we have ever asked for in return, is enough to bury those that did not return. COLIN POWELL

 

 

 

 

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Remington is done, bankrupt amongst a large lawsuit of that shooting in Connecticut. Like other said firearms and ammunition will be back just no longer made by Remington.

https://www.foxbusiness.com/lifestyle/bankrupt-gun-maker-remington-outdoor-sold.amp

“In a civilized and cultivated country, wild animals only continue to exist at all when preserved by sportsmen.” -Theodore Roosevelt

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5 minutes ago, clamdigger said:

Remington was bought out by Vista

No single organization bought Remington. It was split up and many organizations bought up the left-over pieces. Vista was just one:

https://www.syracuse.com/business/2020/09/remington-auctioned-to-7-bidders-ilion-gun-factory-to-be-sold-to-investment-firm.html

Quote

 

These are the other successful bidders for Remington’s various businesses:

Vista Outdoor Inc. was the successful bidder for the Lonoke ammunitions business.

Sierra Bullets LLC was the successful bidder for the Barnes ammunition business.

Sturm, Ruger & Co. was the successful bidder for the Marlin firearms business.

JJE Capital Holdings LLC was the successful bidder for the DPMS, H&R, Stormlake, AAC and Parker brands.

Franklin Armory Holdings Inc. was the successful bidder for the Bushmaster brand and certain related assets.

Sportsman’s Warehouse Inc. was the successful bidder for the Tapco brand.

 

 

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18 minutes ago, mazzgolf said:

https://www.syracuse.com/business/2020/09/bankruptcy-judge-approves-sale-of-remington-gun-factory-in-upstate-new-york.html

No idea who they are - but there is a new owner of that plant.

Vista didn't buy the arms division - only the ammo division IIRC.

VISTA Outdoors bought ammo & accessories business.

I did some research and it appears Roundhill Group purchased the factory that made guns and they are planning on producing the 870 there. Here is the article by AP NEWS

https://apnews.com/article/new-york-shootings-a12d064a3c2e8fc95ef581aef167a95c.

The company was divvied up by multiple buyers. The bankruptcy court approved Sturm, Ruger & Co.’s $30 million bid for Marlin Firearms, which were made here, and Anoka, Minnesota-based Vista Outdoor’s $81.4 million bid for Remington’s ammunition and accessories businesses.

Roundhill Group’s $13 million bid included the Ilion firearms plant and a handgun barrel factory in Lenoir City, Tennessee.

Roundhill partner Richmond Italia, a paintball industry veteran, said he was approached by Remington CEO Ken D’Arcy about the opportunity, according to documents filed in the bankruptcy case.

“I believe I was approached by Mr. D’Arcy due to my manufacturing business in the paintball gun market and apparently Mr. D’Arcy believed that there may be some synergy,” Italia said in court papers.

Roundhill pledged in court documents to bring back at least 200 workers. They could eventually add hundreds more, but details are not clear.

Roundhill partners did not respond to calls and emails asking about their plans. But Italia told WUTR-TV last week they plan to bring back as many workers as possible within “a couple of months.”

Local officials believe a number of pieces need to be in place before production starts, from a collective bargaining agreement with the union to a new federal firearms license.

One likely product would be Remington’s Model 870 shotguns, said Jamie Rudwall, a district representative for the union. He said the new owners can rely on a trained workforce to produce shotguns for a hot market.

The FBI reports that it has processed more background checks to purchase or possess a firearm in the first nine months of 2020 than any previous year.

“We certainly have that capability of putting every single person back to work at 870s making literally between 1,200 and 1,800 every day. And every one of them will be sold,” said Rudwall, who once worked at the plant.

The UMW said it has held “productive discussions” with Roundhill. Meanwhile, it also has excoriated the outgoing owners for terminating 585 workers this week along with their health care and other contractual benefits. The union said the company is refusing to pay severance and accrued vacation benefits, sparking pickets in Ilion this week.

Local officials say the new owners have also expressed concerns about the efficiency of the old four-story factory, preferring a modern one-floor plant. Vincent Bono, chairman of the Herkimer County Legislature, met with them Thursday and said he believes something can be worked out to keep keep the long local tradition of gun production alive.

“We’re optimistic that Remington’s going to have a home here,” Bono said. “To what degree, we really don’t know.”

Edited by bushden

HONOR THE FALLEN
https://thefallen.militarytimes.com/
Over the years the US has sent many of its fine young men & women into great peril to fight for freedom beyond our borders. The only amount of land we have ever asked for in return, is enough to bury those that did not return. COLIN POWELL

 

 

 

 

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1 minute ago, mazzgolf said:

No single organization bought Remington. It was split up and many organizations bought up the left-over pieces. Vista was just one:

https://www.syracuse.com/business/2020/09/remington-auctioned-to-7-bidders-ilion-gun-factory-to-be-sold-to-investment-firm.html

 

Your on target see my last post. Good articles on what happened.

HONOR THE FALLEN
https://thefallen.militarytimes.com/
Over the years the US has sent many of its fine young men & women into great peril to fight for freedom beyond our borders. The only amount of land we have ever asked for in return, is enough to bury those that did not return. COLIN POWELL

 

 

 

 

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1 minute ago, Bucksnbows said:

Roundhill Group LLC bought the Remington firearms arm minus the Marlin brand.  Not sure if that is who is or will be operating the Ilion, NY plant once again.  

That is correct Roundhill Group is the purchaser.

 

 

HONOR THE FALLEN
https://thefallen.militarytimes.com/
Over the years the US has sent many of its fine young men & women into great peril to fight for freedom beyond our borders. The only amount of land we have ever asked for in return, is enough to bury those that did not return. COLIN POWELL

 

 

 

 

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