Remington Auctioned Off

From Bloomberg News: Remington Auctioned Off to Seven Bidders in Bankruptcy Court.

The business is being carved up as follows:

  • 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

Vista Outdoor is the owner of Federal Ammunition, so a logical buyer for the Lonoke, Arkansas plant.  I don’t know who Roundhill Group is, but it looks like they’ll be selling the Remington rifles and shotguns going forward.  And Sturm, Ruger will pick up the Marlin brand.