Remington Arms#Bolt-action
{{short description|Former American weapon and ammunition manufacturer}}
{{Use mdy dates|date=June 2017}}
{{confuse|Remington Rand}}
{{Infobox company
| name = Remington Arms Company, LLC
| logo = Remington logo.svg
| type = Subsidiary
| foundation = {{start date and age|1816}}
| founder = Eliphalet Remington
| successor = Remington Firearms
Remington Ammunition
| location_city = Madison, North Carolina
| location_country = United States
| locations =
| key_people = Anthony Acitelli (CEO)
| area_served = Worldwide
| industry = Arms industry
| products = Firearms, ammunition, and accessories
| services =
| revenue = {{USD|950 million}}
| revenue_year = 2004
| operating_income =
| net_income =
| num_employees =
| parent = Remington Outdoor Company (2007–2020)
| divisions = Remington Ammunition
| subsid =
| caption =
| homepage = {{url|www.remington.com}} (ammunition)
{{url|www.remarms.com}} (firearms)
| footnotes =
| intl =
}}
Remington Arms Company, LLC, was an American manufacturer of firearms and ammunition. It was formerly owned by the Remington Outdoor Company, which went bankrupt in 2020 with its lines of business sold to several purchasers. Two resulting companies each bear the Remington name—the firearms manufacturer is Remington Firearms owned by RemArms, LLC., and the ammunition business is Remington Ammunition owned by The Kinetic Group (Czechoslovak Group).{{Cite web |date=Nov 27, 2024 |title=Vista Outdoor Announces Completion of CSG Transaction |url=https://www.businesswire.com/news/home/20241126619381/en/Vista-Outdoor-Announces-Completion-of-CSG-Transaction |access-date=Jan 7, 2025 |website=businesswire }}
Founded in 1816 by Eliphalet Remington as E. Remington and Sons in Ilion, New York, it was one of the oldest gun makers in the United States and claimed to be the oldest factory in the country that still made its original product.{{cite news|url=https://www.forbes.com/sites/frankminiter/2014/05/16/americas-oldest-gun-maker-thumbs-its-nose-at-a-two-faced-senator/|title=Americas Oldest Gun Maker Thumbs its Nose at a Two Faced Senator Charles Schumer|first=Frank|last=Miniter|magazine=Forbes|access-date=August 22, 2017|archive-date=April 26, 2019|archive-url=https://web.archive.org/web/20190426153226/https://www.forbes.com/sites/frankminiter/2014/05/16/americas-oldest-gun-maker-thumbs-its-nose-at-a-two-faced-senator/|url-status=live}} The company was the largest rifle manufacturer in North America according to 2015 ATF statistics.[https://www.atf.gov/resource-center/docs/undefined/afmer-2015-final/download BATFE Annual Firearms Manufacturing And Export Report] {{Webarchive|url=https://web.archive.org/web/20170911063955/https://www.atf.gov/resource-center/docs/undefined/afmer-2015-final/download |date=September 11, 2017 }} 2015{{cite web|last=Duprey|first=Rich|title=Can You Guess the Biggest Gunmaker in the U.S.?|url=https://www.fool.com/investing/2017/03/04/can-you-guess-the-biggest-gunmaker-in-the-us.aspx|access-date=July 12, 2018|website=Fool.com|date=March 4, 2017|archive-date=July 19, 2017|archive-url=https://web.archive.org/web/20170719041211/https://www.fool.com/investing/2017/03/04/can-you-guess-the-biggest-gunmaker-in-the-us.aspx|url-status=live}} The company developed or adopted more cartridges than any other gun maker or ammunition manufacturer in the world.
{{TOC limit}}
History
=19th century origins=
{{Main|E. Remington and Sons}}
File:Remington New Model Army Revolver.JPG
File:Remington Carbine 1867.jpg
The Remington company was founded in 1816. Eliphalet Remington II (1793–1861) believed he could build a better gun than he could buy. Remington began designing and building a flintlock rifle for himself.{{Cite book|last=Tuttle|first=Frank|title=The Business History Review|year=1957}} At age 23 (in late 1816), he entered a shooting match; though he finished second, his well-made gun impressed other contestants. Before Remington left the field that day, he had received so many orders from other competitors that he had officially entered the gunsmithing business. By 1828, he moved his operation to nearby Ilion. The modern Remington firearms plant still uses this site.
On March 7, 1888, two years after spinning off the typewriter business which later became Remington Rand, the Remington family sold the ownership of E. Remington & Sons to new owners, Marcellus Hartley and Partners. This consisted of Hartley and Graham of New York, New York, a major sporting goods chain that also owned the Union Metallic Cartridge Company in Bridgeport and the Winchester Repeating Arms Company of New Haven, both in Connecticut. At this time, the company formally changed its name to the Remington Arms Company.{{cite journal|last=Henning|first=Robert A.|author2=Terrence H. Witkowski |title=The Advertising of E. Remington & Sons: The Creation of a National Brand, 1854–1888|journal=Journal of Historical Research in Marketing|date=November 2013|pages=418–438|doi=10.1108/JHRM-11-2012-0028}}
=20th century=
File:Remington pederson 51.jpg
File:Remington-700-SPS-Tactical.jpg
File:M24 SWS.jpg military sniper rifle, based on the Remington 700.]]
When the US entered World War I, Remington became deeply involved in the war effort.{{Cite journal|last=Strother|first=French|date=January 1916|title=America, A New World Arsenal|journal=The World's Work: A History of Our Time|volume=XXXI|pages=321–333|url=https://books.google.com/books?id=09_Sr9emceQC&pg=PA321|access-date=August 4, 2009|archive-date=March 31, 2017
|archive-url=https://web.archive.org/web/20170331132530/https://books.google.com/books?id=09_Sr9emceQC&pg=PA321|url-status=live}} Remington was left with huge stocks of guns and ammunition and no prospects for payment. The US government purchased the firearms.{{cite web|url=http://www.mosinnagant.net/USSR/US-Mosin-Nagants.asp|title=The American Mosin Nagants|website=Mosinnagant.net|access-date=January 31, 2016|archive-date=May 24, 2008|archive-url=https://web.archive.org/web/20080524205732/http://www.mosinnagant.net/USSR/US-Mosin-Nagants.asp}}
During the Great Depression, Remington was purchased by DuPont, which had made its name with improvements to gunpowder. A year later, Remington purchased the Peters Cartridge Company; today, many of the Remington headstamps still have "R-P" on them for Remington-Peters.{{cite book|last=Nonte|first=George C.|title=Firearms encyclopedia|url=https://archive.org/details/firearmsencyclop0000nont|url-access=registration|year=1973|publisher=Harper & Row|page=[https://archive.org/details/firearmsencyclop0000nont/page/324 324]|isbn=978-0-06-013213-2}}
File:Verboten, Oh Yeah - NARA - 534214.jpg.]]
In 1940, the US Army became worried about its ammunition capacity and asked Remington to collaborate on a plan for national expansion. With the aid of DuPont, Remington built the Lake City Army Ammunition Plant (named Lake City Arsenal initially) and Denver Ordnance ammunition plants, and three more plants later on, including the Lowell Ordnance Plant. Though the plants belonged to the US government, Remington was asked to oversee their operation. Among the weapons that Remington manufactured for the government during World War II was the famous M1903A3 Springfield bolt-action rifle.
During the 1950s and 1960s, Remington expanded into other products besides guns, with the purchase of Mall Tool Company in 1956.{{cite web|url=http://www.remington.com/pages/our-company/Company-History.aspx|title=Company History|website=Remington|archive-url=https://web.archive.org/web/20100829193636/http://www.remington.com/pages/our-company/Company-History.aspx|archive-date=August 29, 2010}}{{cite web |url=https://books.google.com/books?id=x8XkAAAAMAAJ&q=remington+arms |title=The Timberman |website=Books.google.com |date=October 7, 2009 |access-date=January 31, 2016 |archive-date=June 10, 2016 |archive-url=https://web.archive.org/web/20160610094544/https://books.google.com/books?id=x8XkAAAAMAAJ&q=remington+arms |url-status=live }} One of the products was chain saws.[https://books.google.com/books?id=1SoDAAAAMBAJ&pg=PA201 Advertisement] {{Webarchive|url=https://web.archive.org/web/20160610111538/https://books.google.com/books?id=1SoDAAAAMBAJ&pg=PA201 |date=June 10, 2016 }}, Popular Science, October 1967, p. 201 (retrieved October 16, 2010 from Google Books)
File:DuPont Remington 700 742 760 ad.jpg Remington Model 742 and Remington Model 760]]
In 1962, Remington introduced the Model 700 bolt-action rifle, which became one of Remington's most successful firearms and quickly lent itself to developments of many sub-variants, including the Remington 700 BDL, Remington 700PSS for police and law enforcement agencies (the rifle, later renamed 700P, is very popular among law enforcement agencies) and the military M24 SWS, which was the United States Army standard sniper rifle between 1988 and 2010. Other armed forces worldwide still use it, such as the IDF. Other firearms brands designed and manufactured sniper rifles based on the reliable and accurate Remington Model 700 action.
In 1969, Remington broke ground on a new ammunition manufacturing plant in Lonoke, Arkansas. By 1970, centerfire ammunition in the Remington, UMC and Peter's brand names were being produced by the facility. The company's shotshell then rimfire ammunition production operations were subsequently moved to the Lonoke facility in the mid 1970s and early 1980s.{{cite web | url=https://www.remingtonsociety.org/2th-annual-rsa-historical-seminar-remington-ammunition-plant-lonoke-arkansas/ | title=2th [sic] Annual RSA Historical Seminar Remington Ammunition Plant, Lonoke, Arkansas - Remington Society of America | date=October 17, 2015 }}
In 1986, Remington closed its ammunition plant in Bridgeport, Connecticut, completely transferring operations to the facility in Lonoke, Arkansas. A year later, Remington built a new clay targets plant in Athens, Georgia. According to an article in The New York Times, in 1993, Remington's parent company—DuPont de Nemours & Company (DuPont)—sold Remington to the New York investment firm Clayton, Dubilier & Rice (CD&R) for $300 million.{{Cite news |issn=0362-4331 |last=Adelson |first=Andrea |title=Company News; Du Pont Sells Remington Gun Maker |work=The New York Times |access-date=2019-10-09 |date=1993-10-22 |url=https://www.nytimes.com/1993/10/22/business/company-news-du-pont-sells-remington-gun-maker.html |archive-date=October 9, 2019 |archive-url=https://web.archive.org/web/20191009163731/https://www.nytimes.com/1993/10/22/business/company-news-du-pont-sells-remington-gun-maker.html |url-status=live }} The Times, citing the National Sporting Goods Manufacturers Association said that "rifle and shotgun sales totaled $900 million" in 1992. Citing the National Shooting Sports Foundation president, the article said that since 1986, "interest in hunting" had "declined". The sale of long guns—which represented 75% of Remington sales had become "slack" by 1993, while the sale of handguns had become the "fastest-growing segment" of the gun industry.
=21st century=
In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. It became part of Cerberus' Freedom Group. Remington was millions of dollars in debt and did not report a profit from 2003 to 2005.{{Cite news |url=https://www.nytimes.com/2007/04/06/business/06arms.html |work=The New York Times |title=Remington Arms Is Sold |date=April 6, 2007 |access-date=May 22, 2010 |archive-date=October 23, 2011 |archive-url=https://web.archive.org/web/20111023045124/http://www.nytimes.com/2007/04/06/business/06arms.html |url-status=live }} In 2015, the Freedom Group was renamed Remington Outdoor Company.
In December 2007, Remington Arms acquired rifle-maker Marlin Firearms.{{cite web |url=https://www.usatoday.com/money/industries/manufacturing/2007-12-27-remington-marlin-firearms_N.htm |title=Gunmaker Remington to buy Marlin Firearms |website=Usatoday.Com |date=December 27, 2007 |access-date=January 31, 2016 |archive-date=May 24, 2011 |archive-url=https://web.archive.org/web/20110524032805/http://www.usatoday.com/money/industries/manufacturing/2007-12-27-remington-marlin-firearms_N.htm |url-status=live }} In 2009, ammunition sales continued to remain high despite the ongoing United States Ammunition Shortage during that time. Chief Executive Officer Ted Torbeck said that consumer concerns over future restrictions, and taxes on ammunition and firearms by the Obama administration, were creating a rise in demand.{{cite web
|title=Pa.'s 2009 deer season looks promising; ammo shortage is a concern
|url=http://www.publicopiniononline.com/localnews/ci_13887613
|author=Hook, Jim
|archive-url=https://web.archive.org/web/20090524232136/http://www.winchester.com/news/newsview.aspx?storyid=263
|archive-date=May 24, 2009
|url-status=live
|access-date=November 30, 2009}}
In 2009, Remington's former ammunition factory in Bridgeport, Connecticut, was investigated by the Travel Channel's Ghost Adventures. The site was eventually purchased by Peter DiNardo Enterprises Inc. and was scheduled for demolition.{{cite web |author=Keila Torres Ocasio |url=http://www.ctpost.com/local/article/RemGrit-buildings-set-to-fall-3451511.php |title=RemGrit buildings set to fall – Connecticut Post |website=Ctpost.com |date=April 1, 2012 |access-date=January 31, 2016 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304063822/http://www.ctpost.com/local/article/RemGrit-buildings-set-to-fall-3451511.php |url-status=live }}
In October 2009, Remington Military products acquired suppressor manufacturer Advanced Armament Corporation.{{cite web|url=http://www.aacblog.com/?p=5041|title=Breaking News – Remington and AAC|date=October 5, 2009|website=Advanced Armament Corporation blog|archive-url=https://web.archive.org/web/20091012194340/http://www.aacblog.com/?p=5041|archive-date=October 12, 2009}} In 2010, Remington introduced the fastest commercially available shotgun shell, Hypersonic Steel, with a patented wad technology that allows the shot to travel at {{cvt|1700|ft/s}}.
After a 12-year absence from the handgun market, Remington announced the Remington 1911 R1 in 2010. It had previously ceased production of its last handgun, the Model XP-100R in 1998. Later in 2010, Remington introduced the Versa Max auto-loading shotgun. Its patented "Versa Port" system self-regulates gas pressure based on the length of the cartridge used, enabling the shotgun to shoot light {{cvt|2+3/4|in}} target loads, {{cvt|3|in}} hunting loads, and {{cvt|3+1/2|in}} magnum hunting loads.
In 2012, Remington won a US Army contract to manufacture 24,000 M4A1 carbines at $673 per unit worth $16,163,252 total.{{cite web|url=https://www.militarytimes.com/off-duty/gearscout/2012/04/21/u-s-army-places-order-for-24000-m4a1-carbines-with-remington/|title=U.S. Army places order for 24,000 M4A1 carbines with Remington|website=Military Times|date=April 21, 2012|access-date=July 28, 2020|archive-date=July 28, 2020|archive-url=https://web.archive.org/web/20200728211108/https://www.militarytimes.com/off-duty/gearscout/2012/04/21/u-s-army-places-order-for-24000-m4a1-carbines-with-remington/|url-status=live}}
In 2013, for the first time since 1928, Remington began to offer an air rifle, called the "Remington Express."{{cite web|title=Remington Offers Express Air Rifle Holiday Gift Package|url=http://www.outdoorhub.com/news/remington-offers-express-air-rifle-holiday-gift-package/|publisher=Outdoor Hub|access-date=December 24, 2013|archive-date=December 25, 2013|archive-url=https://web.archive.org/web/20131225201327/http://www.outdoorhub.com/news/remington-offers-express-air-rifle-holiday-gift-package/|url-status=live}}
On February 17, 2014, Remington announced a plan to build a new state-of-the-art plant in Huntsville, Alabama. Remington said it decided to move two production lines from the Ilion, New York, plant as a result of the fallout from the NY SAFE Act, which restricted gun ownership in response to the Sandy Hook Elementary School shooting. AR-15 style semi-automatic rifles from Bushmaster, DPMS, and Remington (R-15) and 1911 style R-1 pistols were produced in the plant. The plant was touted by Alabama's Department of Commerce Secretary and by Remington as a boon to Alabama's economy.{{cite web |author=Lucy Berry |url=http://www.al.com/business/index.ssf/2014/02/reaction_new_remington_plant_2.html |title=Remington plant, 2,000 jobs in Huntsville will grow advanced manufacturing base in north Alabama |website=AL.com |date=February 17, 2014 |access-date=January 31, 2016 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304113349/http://www.al.com/business/index.ssf/2014/02/reaction_new_remington_plant_2.html |url-status=live }} The president of United Mine Workers Local 717, which represented workers at Ilion, expressed fears about the future of the New York facility and blamed the NY SAFE Act for the company's decision to favor Alabama over New York.Rick Moriarty, [http://www.syracuse.com/news/index.ssf/2014/02/remington_arms_expansion_in_alabama_not_good_for_ilion_plant_union_official.html Union official blames Remington Arms expansion in Alabama on NY SAFE Act], Syracuse.com (February 15, 2015). Subsequently, about 100 Remington jobs were shifted from New York to Alabama.Ken Lovett, [http://www.nydailynews.com/blogs/dailypolitics/remington-ceo-gun-law-impacted-alabama-expansion-decision-blog-entry-1.2013256 Remington CEO: SAFE Act impacted decision to expand—in Alabama], New York Daily News (November 17, 2014).
Beginning in late 2017, Remington began bankruptcy planning, having suffered declining sales and reputation; damage from an August 2017 exposé on the CBS news program 60 Minutes about X-Mark Pro trigger defects linked to several deaths,{{cite news|url=https://www.cbsnews.com/news/popular-remington-700-rifle-linked-to-potentially-deadly-defects-2/|title=Popular Remington 700 Rifle Linked To Potentially Deadly Defect|first=Lesley|last=Stahl|author-link=Lesley Stahl|date=August 13, 2017|work=60 Minutes|access-date=April 26, 2019|archive-date=April 26, 2019|archive-url=https://web.archive.org/web/20190426043707/https://www.cbsnews.com/news/popular-remington-700-rifle-linked-to-potentially-deadly-defects-2/|url-status=live}} and amassed some $950 million worth of debt.{{Cite news |last=McCoy |first=Kevin |title=Remington bankruptcy plan is new wound for 'America's Oldest Gunmaker' |date=February 13, 2018 |newspaper=USA Today |url=https://www.usatoday.com/story/money/2018/02/13/remington-bankruptcy-plan-new-wound-americas-oldest-gunmaker/332888002/ |access-date=March 10, 2018 |archive-date=March 9, 2018 |archive-url=https://web.archive.org/web/20180309073130/https://www.usatoday.com/story/money/2018/02/13/remington-bankruptcy-plan-new-wound-americas-oldest-gunmaker/332888002/ |url-status=live }}{{cite web|title=Exclusive: U.S. gunmaker Remington seeks financing to file for bankruptcy|url=https://www.reuters.com/article/us-remingtonoutdoor-bankruptcy-exclusive/exclusive-u-s-gunmaker-remington-seeks-financing-to-file-for-bankruptcy-sources-idUSKBN1FT04C|date=February 8, 2018|author=Andrew Berlin |author2=Jessica DiNapoli |work=Reuters|access-date=February 10, 2018|archive-date=February 11, 2018|archive-url=https://web.archive.org/web/20180211071904/https://www.reuters.com/article/us-remingtonoutdoor-bankruptcy-exclusive/exclusive-u-s-gunmaker-remington-seeks-financing-to-file-for-bankruptcy-sources-idUSKBN1FT04C|url-status=live}} The low sales and debt were blamed on either a reduction in "panic-buying", or diminishing quality and reputation.{{cite web|last=Allhands |first=Joanna |date=February 13, 2018 |title=Don't blame Donald Trump for Remington's bankruptcy |publisher=AZ Central |url=https://www.azcentral.com/story/opinion/op-ed/joannaallhands/2018/02/13/dont-blame-donald-trump-remingtons-bankruptcy/332743002/ |archive-url=https://web.archive.org/web/20201020013109/https://www.azcentral.com/story/opinion/op-ed/joannaallhands/2018/02/13/dont-blame-donald-trump-remingtons-bankruptcy/332743002/ |archive-date=October 20, 2020 |url-status=live }} Remington filed for bankruptcy in March 2018,{{Cite news|last=Hart |first=Benjamin |date=March 26, 2018 |title=Gun Giant Remington Declares Bankruptcy |newspaper=Daily Intelligencer (New York Media) |url=http://nymag.com/daily/intelligencer/2018/03/gun-giant-remington-declares-bankruptcy.html |archive-url=https://web.archive.org/web/20180326173601/http://nymag.com/daily/intelligencer/2018/03/gun-giant-remington-declares-bankruptcy.html |archive-date=March 26, 2018 |url-status=live }} and exited bankruptcy on May 17, 2018, less than two months later. The company's quick exit was due to a pre-approved restructuring plan supported by 97% of its creditors, which canceled all shares of common stock issued before the bankruptcy proceedings, and the issuance of new shares to convert over $775 million of company debt into equity.{{Cite news|url=http://www.thefirearmblog.com/blog/2018/05/17/remington-emerges-bankruptcy/|title=BREAKING: Remington Emerges From Chapter 11 Bankruptcy – The Firearm Blog|date=2018-05-17|work=The Firearm Blog|access-date=2018-05-22|language=en-US|archive-date=May 22, 2018|archive-url=https://web.archive.org/web/20180522080916/http://www.thefirearmblog.com/blog/2018/05/17/remington-emerges-bankruptcy/|url-status=live}}
The families of nine victims and a teacher who were shot and survived the 2012 Sandy Hook Elementary School shooting with a Remington Bushmaster rifle filed a wrongful death lawsuit in Connecticut state court seeking a jury trial to recover unspecified damages. The case was briefly moved to federal court before being referred back to the state court level. In 2016, the suit was initially dismissed by a Connecticut Superior Court citing the immunity provided to firearms manufacturers by the federal Protection of Lawful Commerce in Arms Act (PLCAA) of 2005. Remington's bankruptcy delayed the suit. On March 14, 2019, the Connecticut Supreme Court ruled, 4–3, that the suit's wrongful marketing claim could proceed to trial under Connecticut's Unfair Trade Practices Act (CUTPA) which addressed marketing including "truly unethical and irresponsible marketing practices promoting criminal conduct" and was not preempted by the PLCAA. The US Supreme Court declined to hear the case.{{cite news |title=Appeal Offers Hope for Newtown Families in Suit Against Gun Companies |newspaper=The New York Times |first1=Rick |last1=Rojas |first2=Kristin |last2=Hussey |date=November 12, 2017 |access-date=March 15, 2019 |url=https://www.nytimes.com/2017/11/12/nyregion/appeal-offers-hope-for-newtown-families-in-suit-against-gun-companies.html |page=A1 |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314200717/https://www.nytimes.com/2017/11/12/nyregion/appeal-offers-hope-for-newtown-families-in-suit-against-gun-companies.html |url-status=live }}{{cite news |title=Remington's Bankruptcy Stalls Ruling in Sandy Hook Families' Suit |newspaper=The New York Times |first2=Rick |last2=Rojas |first1=Kristin |last1=Hussey |date=April 1, 2018 |access-date=March 15, 2019 |url=https://www.nytimes.com/2018/04/01/nyregion/remington-sandy-hook-shooting.html |page=A20 |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314200721/https://www.nytimes.com/2018/04/01/nyregion/remington-sandy-hook-shooting.html |url-status=live }}{{cite news |title=Sandy Hook Massacre: Gun Makers Lose Major Ruling Over Liability |newspaper=The New York Times |first1=Rick |last1=Rojas |first2=Kristin |last2=Hussey |date=March 14, 2017 |access-date=March 15, 2019 |url=https://www.nytimes.com/2019/03/14/nyregion/sandy-hook-supreme-court.html |page=A1 |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314235257/https://www.nytimes.com/2019/03/14/nyregion/sandy-hook-supreme-court.html |url-status=live }}{{cite news |title=Families of Sandy Hook shooting victims can sue gunmaker Remington over 2012 attack, court says |newspaper=The Washington Post |first=Fred |last=Barbash |date=March 14, 2019 |access-date=March 15, 2019 |url=https://www.washingtonpost.com/world/national-security/families-of-sandy-hook-shooting-victims-can-sue-gunmaker-remington-over-2012-attack-court-says/2019/03/14/4222b1ec-4671-11e9-aaf8-4512a6fe3439_story.html |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314235436/https://www.washingtonpost.com/world/national-security/families-of-sandy-hook-shooting-victims-can-sue-gunmaker-remington-over-2012-attack-court-says/2019/03/14/4222b1ec-4671-11e9-aaf8-4512a6fe3439_story.html |url-status=live }}{{cite news |title=Gunmaker Remington can be sued over marketing of rifle used in Sandy Hook shooting, court rules |newspaper=USA Today |first=Dave |last=Collin |agency=Associated Press |date=March 14, 2019 |access-date=March 15, 2019 |url=https://www.usatoday.com/story/news/nation/2019/03/14/sandy-hook-shooting-gunmaker-remington-can-sued-court-rules/3162168002/ |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314232919/https://www.usatoday.com/story/news/nation/2019/03/14/sandy-hook-shooting-gunmaker-remington-can-sued-court-rules/3162168002/ |url-status=live }}{{cite news |title=Manufacturer of AR-15 Can Be Sued Over Sandy Hook Massacre, Court Rules |newspaper=The Wall Street Journal |first=Jacob |last=Gershman |date=March 14, 2019 |access-date=March 15, 2019 |url=https://www.wsj.com/articles/manufacturer-of-ar-15-can-be-sued-over-sandy-hook-massacre-court-rules-11552579520 |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314234817/https://www.wsj.com/articles/manufacturer-of-ar-15-can-be-sued-over-sandy-hook-massacre-court-rules-11552579520 |url-status=live }}{{cite news |agency=BBC |title=US court: Sandy Hook victims' families can sue Remington |date=March 14, 2019 |access-date=March 15, 2019 |url=https://www.bbc.com/news/world-us-canada-47578345 |archive-date=March 15, 2019 |archive-url=https://web.archive.org/web/20190315011658/https://www.bbc.com/news/world-us-canada-47578345 |url-status=live }}{{cite news |title=Lawsuit By Sandy Hook Victims Against Gun Manufacturer Allowed To Move Forward |date=March 14, 2019 |access-date=March 15, 2019 |first=Ryan |last=Lindsay |agency=NPR |url=https://www.npr.org/2019/03/14/703439924/lawsuit-by-sandy-hook-victims-against-gun-manufacturer-allowed-to-move-forward |archive-date=March 14, 2019 |archive-url=https://web.archive.org/web/20190314234313/https://www.npr.org/2019/03/14/703439924/lawsuit-by-sandy-hook-victims-against-gun-manufacturer-allowed-to-move-forward |url-status=live }}{{cite web|url=https://www.npr.org/2019/11/12/778487920/supreme-court-allows-sandy-hook-families-case-against-remington-to-proceed|title=Supreme Court Allows Sandy Hook Families' Case Against Remington Arms To Proceed|website=NPR.org|date=November 12, 2019|language=en|access-date=2019-11-30|archive-date=November 21, 2019|archive-url=https://web.archive.org/web/20191121215238/https://www.npr.org/2019/11/12/778487920/supreme-court-allows-sandy-hook-families-case-against-remington-to-proceed|url-status=live|last1=Chappell|first1=Bill}} On February 15, 2022, it was announced that a $73 million settlement had been reached between the Sandy Hook families and Remington. The cost of the settlement was borne by insurers.{{cite news |last1=Jorgensen |first1=Sarah |last2=Hill |first2=Erica |title=Sandy Hook families reach $73 million settlement with gun manufacturer Remington |url=https://www.cnn.com/2022/02/15/us/sandy-hook-shooting-settlement-with-remington/index.html |website=CNN |date=February 15, 2022 |access-date=February 15, 2022 |archive-date=February 15, 2022 |archive-url=https://web.archive.org/web/20220215165954/https://www.cnn.com/2022/02/15/us/sandy-hook-shooting-settlement-with-remington/index.html |url-status=live }}{{cite web |last1=Doherty |first1=Erin |title=Gunmaker Remington to pay $73M to settle lawsuit with Sandy Hook families |url=https://www.axios.com/sandy-hook-remington-arms-liable-0b504b12-e9a7-44ed-aa49-45271e98d998.html |website=Axios |date=February 15, 2022 |access-date=February 15, 2022 |archive-date=February 15, 2022 |archive-url=https://web.archive.org/web/20220215170220/https://www.axios.com/sandy-hook-remington-arms-liable-0b504b12-e9a7-44ed-aa49-45271e98d998.html |url-status=live }}
==Breakup==
{{more|Remington Outdoor Company#Breakup}}
On July 28, 2020, Remington filed again for Chapter 11 bankruptcy protection,{{Cite news|url=https://www.nytimes.com/2020/07/28/business/remington-bankruptcy-guns.html|title=One of America's Oldest Gun Makers Files for Bankruptcy for 2nd Time|newspaper=The New York Times|date=2020-07-28|access-date=2020-07-28|archive-date=July 28, 2020|archive-url=https://web.archive.org/web/20200728103418/https://www.nytimes.com/2020/07/28/business/remington-bankruptcy-guns.html|url-status=live}} and its assets were divided up and sold to various buyers, including:{{Cite Q|Q114386181|access-date=2022-10-03|url-status=live}}
- The Remington brand name and the Lonoke ammunition factory was bought by Vista Outdoor, which uses it to market and manufacture several types of ammunition.{{Cite news|url=https://www.reuters.com/article/us-vista-outdoor-remington-outdoor-idUSKBN26J1QU|title=Vista Outdoor to buy bankrupt gunmaker Remington's ammunition business|work=Reuters|date=2020-09-28|access-date=2020-09-28|archive-date=September 9, 2021|archive-url=https://web.archive.org/web/20210909145007/https://www.reuters.com/article/us-vista-outdoor-remington-outdoor-idUSKBN26J1QU|url-status=live}}{{cite news |last1=Williams |first1=Elaine |title=Vista Outdoor acquires Remington plant |url=https://lmtribune.com/business/vista-outdoor-acquires-remington-plant/article_65543ff4-6eb4-51a5-981e-c6fed4fec4ee.html |access-date=2 November 2020 |work=The Lewiston Tribune |date=4 October 2020 |archive-date=October 10, 2020 |archive-url=https://web.archive.org/web/20201010023522/https://lmtribune.com/business/vista-outdoor-acquires-remington-plant/article_65543ff4-6eb4-51a5-981e-c6fed4fec4ee.html |url-status=live }}
- The Remington firearms business (excluding Marlin Firearms) was sold to Roundhill Group, LLC, which now operates it through the holding company RemArms, LLC.{{Cite magazine|url=https://time.com/6206785/gunmakers-remington-ilion-firearms-economy/|title=When There's Talk of Gun Control, Gunmakers Play the Jobs Card. They're Often Bluffing|date=2022-08-18|magazine=Time|access-date=2023-10-03}} RemArms licenses the use of the "Remington" brand name from Vista Outdoor.{{cite web |date=2021-08-02 |title=The Remington Ammunition Comeback Is Just in Time |url=https://www.outdoorlife.com/guns/remington-ammunition-comeback/ |access-date=2023-10-08 |website=Outdoor Life |language=en-US}}
- Marlin Firearms was purchased by Sturm, Ruger & Co.{{cite web | url=https://www.ruger.com/news/2020-09-30.html | title=Ruger News }}
==Post-breakup==
{{main|Remington Firearms|Remington Ammunition}}
Products
{{main|List of Remington models}}
References
{{reflist|30em}}
External links
- {{Official website|http://www.remington.com/}}
{{Remington Cartridges Firearms}}
{{Authority control}}
Category:1816 establishments in New York (state)
Category:2020 disestablishments in New York (state)
Category:American companies established in 1816
Category:American companies disestablished in 2020
Category:Manufacturing companies established in 1816
Category:Manufacturing companies disestablished in 2020
Category:Ammunition manufacturers of the United States
Category:Defunct firearms manufacturers of the United States
Category:Manufacturing companies based in North Carolina
Category:Private equity portfolio companies
Category:2007 mergers and acquisitions
Category:Companies that filed for Chapter 11 bankruptcy in 2018
Category:Companies that filed for Chapter 11 bankruptcy in 2020