Posted on 09/10/2020 6:39:41 PM PDT by Beave Meister
Remington filed for Chapter 11 bankruptcy protection for the second time in July. That was after a failed attempt to sell the company to the Navajo Nation and despite the biggest gun-buying boom in the history of the world. Since then, the company has been trying to sell off its various brands and operating units.
Today, the Wall Street Journal reports that . . .
Firearms maker Remington Outdoor Co. has agreed to sell its ammunition business out of bankruptcy to South Carolina-based investment firm JJE Capital Holdings LLC for $65 million plus the assumption of liabilities, subject to better offers.
The JJE offer came in the form of a stalking-horse bid, setting a floor on the sale price for Remingtons ammunition business, which the company has been marketing while in chapter 11. Remington filed for bankruptcy protection in July and has been open to selling its ammunition and firearms operations to pay off its debt.
The proposed deal outlined in papers filed Tuesday in the U.S. Bankruptcy Court in Decatur, Ala., covers the design and manufacturing of ammunition sold under the Remington and Barnes Bullets brands and includes production facilities in Arkansas and Utah.
(Excerpt) Read more at thetruthaboutguns.com ...
The only way youre gonna hurt someone with that thing is if you throw it at them.
CC
Never denigrate a weapon or caliber you’re not personally willing to stand downrange from.
If I did I’d have a better than average chance of getting to cover before the owner got it up and running.
CC
Pretty sure CCI and a Federal/American Eagle are separate entities.
Separate entities, yes.
Nonetheless, Same production line for .22 LR ammo. Same powder, same brass, (different headstamps), some different projectiles, some the same.
https://www.youtube.com/watch?v=JgT24EdZlxg
Occasional cross-over, as needed. There are still different facilities. CCI alone has a very diverse product line.
The new .22 rimfire plant in Lewiston, Idaho, is on line. Vista Outdoors owns the CCI and Federal rimfire brands. They have increased production for both brands by 20 percent...................
From the Lewiston Tribune, November 10th, 2017:
Parts of Vista's approach have worked well, such as investing in infrastructure and preserving market share, Metz said.
Vista recently debuted a new, 37,000-square-foot, $35 million rimfire ammunition plant near the Lewiston-Nez Perce County Regional Airport, which has resulted in what company officials describe as a very satisfying reduction in the time needed to complete an order.
https://www.ammoland.com/2017/11/vista-outdoor-on-22-ammo-supply-up-demand-down-price-down/
It is going for twice that price.
As far as guns are concerned. Savage is far better and at a cheaper price.
That’s cheap. I just paid .30/pop
Haha. Good one.
Yep....Read yesterday one ammo manufacturer has an $85 million backorder......LOL!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.