Remington Sold To Private Equity Firm

This is a discussion on Remington Sold To Private Equity Firm within the General Firearm Discussion forums, part of the Related Topics category; From the National Shooting Sports Foundation: Remington Arms Co. announced Thursday it will be acquired by New York-based private equity firm Cerberus Capital Management L.P. ...

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Thread: Remington Sold To Private Equity Firm

  1. #1
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    Remington Sold To Private Equity Firm

    From the National Shooting Sports Foundation:

    Remington Arms Co. announced Thursday it will be acquired by New York-based private equity firm Cerberus Capital Management L.P. The deal is estimated at $370 million.

    Cerberus, which also owns Bushmaster Firearms International, will buy Remington for $118 million and assume $252 million of debt. Remington said the sale will strengthen its growth and will provide capital to further develop its presence in the international market. No changes are reportedly planned for employees in any of its manufacturing facilities or its Madison, N.C., headquarters. Remington operates firearms plants in Ilion, N.Y., and Hickory, Ky., an ammunition and components plant in Lonoke, Ark., a target plant in Findlay, Ohio, and a technical center in Elizabethtown, Ky. Read the company's announcement.
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    Member Array MD_Willington's Avatar
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    Look what else they pickup with this purchase:

    http://www.remingtonelsag.com/

    It is like a scanners OCR system for fixed positions and Police Patrol cars...

    Lot of potential revenue if they get enough patrol cars to install this device. Can also be installed in areas where they use photo radar...

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    VIP Member Array Bud White's Avatar
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    intersting

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    Member Array American Pit Bull's Avatar
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    This isn't the first time that Remington has been bought and sold... DuPont owned them not all that long ago.

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