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Is Remington still producing guns?
After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. One was the Roundhill Group LLC, which bought Remington’s non-Marlin firearms business for $13 million, a deal that included two factories.
Where is Remington firearms located?
|Headquarters||Madison, North Carolina , United States|
|Number of locations||6|
|Key people||Anthony Acitelli, CEO|
Is Remington back in business?
Hundreds of American workers are returning to Remington’s ammunition facility in Lonoke, Arkansas. After facing bankruptcy for the second time in 2020, America’s iconic Remington Ammunition brand faced an uncertain future. Remington will remain Remington, and Federal will remain Federal.
How do I contact Remington?
1 (800) 243-9700
Remington Arms/Customer service
Why did Remington fail?
The company previously filed for Chapter 11 bankruptcy protection in March 2018 citing sluggish sales and some $950 million in debt. The reorganization allowed the company to shed $775 million of its debt, emerging from bankruptcy under the control of its lenders.
Did Remington stop making ammo?
Forced into Chapter 11 bankruptcy protection, Remington Outdoor was broken up and sold following a multiday bankruptcy auction in July 2020. The shuttering of its ammunition factories contributed in part to this year’s ammunition shortage.
Who will make Remington rifles?
Currently, Roundhill Group owns the rights to produce all Remington-related brands (DPMS, Bushmaster, Dakota Firearms, Para USA, H&R) with the exception of Marlin’s assets, which went to Ruger. One of the most recent versions of the Remington 870 pump shotgun.
Can I buy a gun directly from Remington?
Can I buy direct? Remington does not sell ammunition direct at this time. We are proud to offer a wide selection of Remington accessories and merchandise available for direct purchase.
Where did Remington go wrong?
Remington had been plagued by lawsuits filed after the 2012 Newtown, Conn., school shooting in which 20 first-graders and six educators were killed. The gunman used a Remington-made rifle. Cable news channel CNBC said Remington entered bankruptcy after failing to reach an agreement with the Navajo Nation.
Who makes Remington rifles now?
The largest part of the Remington business was sold to Vista Outdoor. For over $81 million, Vista got Remington’s ammunitions plant in Arkansas and the rights to use the Remington name and trademarks.
Why is it so hard to buy ammo?
There is no shortage of guns and ammo — we are manufacturing more than ever. [The problem] is actually a massive increase in demand, on an unprecedented scale. Supply can simply not keep up with demand.” Large manufacturers such as Vista Outdoor are experiencing the same challenges related to supply and demand.
Why is there no Remington ammo?
Where can I buy a Remington 700 rifle?
Remington’s plant in Ilion, N.Y., closed, so there will be no new guns bearing the Ilion, N.Y., stamp. All Ilion-stamped guns are now collectible. One year ago you could buy a used Remington 700 bolt-action rifle in any configuration for a decent price, excluding highly desirable calibers that were no longer in production.
Where is the Remington factory in Ilion NY?
Adam Ballard of RemArms reveals the company’s plans for the new Remington 870, Model 700, VersaMax, and more The massive Remington factory in Ilion, New York, is stirring back to life after a fall and winter of uncertainty following last year’s bankruptcy, breakup, and sale.
Are there any Remington rifles that are collectible?
Now, it is the world’s hottest brand. Since Remington was sold and its assets divided among new owners, every Remington is now a limited edition. Remington’s plant in Ilion, N.Y., closed, so there will be no new guns bearing the Ilion, N.Y., stamp. All Ilion-stamped guns are now collectible.
When does the new Remington gun come out?
The massive Remington factory in Ilion, New York, is stirring back to life after a fall and winter of uncertainty following last year’s bankruptcy, breakup, and sale. Word is that sometime in 2021, we’ll see Remington guns on dealer’s shelves again.