Remington bankruptcy

I don't have a crystal ball, but I'm betting that someone buys Remington at some price at some point. We may well see no new guns produced for a short time, but at least some of the basic designs will be back. The 700 may be gone. There are already several companies making actions based on the 700 that have improved on all of the 700's shortcomings. I'm not sure even an improved 700 would be able to compete. There are better semi-auto shotguns, but I'm betting someone keeps the 870 alive.

Ammo and components I don't know about. Even if the firearms side goes away and doesn't come back I'm betting the ammo part will find a way to continue. Winchester firearms, and Winchester ammunition split into 2 different companies years ago. I'm thinking 1970's. There is too much demand for ammo right now, and for the foreseeable future to stop production.

Winchester closed the doors to the New Haven factory in 2006 and for the better part of 2 years no new guns were made. FN bought the company and started limited production of a slightly redesigned model 70 in 2008 in their South Carolina factory. Some of their rifles are made at a factory in China and at least some are made in Asia. Some were never re-introduced.

I'd expect something similar with Remington. But to be honest this is all speculation.

jmr40 said:

Winchester closed the doors to the New Haven factory in 2006 and for the better part of 2 years no new guns were made. FN bought the company

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FN bought rights to the Winchester name and IP. It’s legacy-name trading, putting a trusted American brand name onto a foreign made knock-off.

If the same happens with Remington, as likely as it is, then the result will be no different - a new/different company profiting from a legacy name, without actually sustaining any part of the legacy.

Unless Remington owes you money they are trying to get out of paying I expect it is business as usual for them. Is it not amazing how much money a CEO can make for bankrupting a company?

Found the current owners. Will see what I can find regarding components

The company is now owned by Franklin-Templeton and J.P. Morgan. “Remington is still making guns, as it did through the Cerberus era,” says Christian Hogg, director of marketing services. He works from the Madison, North Carolina, headquarters, home also to the IT, LE/Defense, and Customer Service departments—and now D’Arcy. Firearms manufacturing happens in a new plant in Huntsville, Alabama, and also at Ilion, New York,

Jan 8 2020 https://www.shotbusiness.com/story/news-briefs/remington-takes-stock/

Lots of local articles about the company. Lots of speculation. Covid was the final nail when the plant stood idle due to the governments shutdown order. We will see.

I don't think Remington actually makes the ammo and reloading components, anymore than they make a lot of other things with the Remington brand name on them.

I would guess someone will buy the name if nothing else.

I don't know how much value the Remington gun designs have anymore.

ilbob said:

I don't think Remington actually makes the ammo and reloading components, anymore than they make a lot of other things with the Remington brand name on them.

I would guess someone will buy the name if nothing else.

I don't know how much value the Remington gun designs have anymore.

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Remington owns and runs two ammunition plants near Lonoke Arkansas and Barnes Bullets near Salt Lake City Utah. The still make most of the components for ammunition except propellant. They stopped making powder when DuPont spun Remington off many years ago (1988). All three locations produce loaded ammunition and various components for reloaders.

https://www.thehighroad.org/index.php?threads/remington-does-it-again-bankruptcy-no-2.870725/page-6

In the thread above that I started on the bankruptcy a few weeks ago another member posted a copy of a notification that Remington has informed the state of New York that it will be closing in September. The rumors I have heard down here in Huntsville AL is that Remington will likely close in September if a new buyer is not found. Time will tell.

I inquired about some Remington rifle brass for several different rifle cartridges last week with Reloading International. This was the response:

"I'm sorry about the long wait on this. I have not been able to find any of this anywhere. We are out and so is our distributor. Remington brass has been hard to come by for a while."

Mr. Zorg said:

I inquired about some Remington rifle brass for several different rifle cartridges last week with Reloading International. This was the response:

"I'm sorry about the long wait on this. I have not been able to find any of this anywhere. We are out and so is our distributor. Remington brass has been hard to come by for a while."

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Remington makes more money on loaded ammunition than selling components so the ammunition plants are going to get priority on brass production over the component sales group. Both because of the profits potential and because of the current financial problems Remington is in makes it that much more necessary.

ilbob said:

I don't think Remington actually makes the ammo and reloading components, anymore than they make a lot of other things with the Remington brand name on them.

I would guess someone will buy the name if nothing else.

I don't know how much value the Remington gun designs have anymore.

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Remington-UMC...Union Metallic Cartridge... dunno who owns it now.

mustanger98 said:

Remington-UMC...Union Metallic Cartridge... dunno who owns it now.

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UMC is one of the brands Remington bought a long time ago. They still use the UMC name on the cheaper ammunition especially the cheaper green and white boxed pistol ammunition. The big yellow mega packs from Remington from a few years ago also were branded with the UMC name. UMC is just a product line withing Remington and no longer a separate company or even a separate brand just a product line.

ilbob said:

I don't know how much value the Remington gun designs have anymore.

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Remington quality has gone downhill for quite a while. I used to buy their products knowing they would be top-notch. However, the "express" model 870s showed me that the name means almost nothing anymore.

Many companies declare bankruptcy to avoid paying their debts ... just like deadbeat people do.

I live just a few miles from the Remington Ammo plant at Lonoke. Todays local paper reported that Remington is going on the auction block within the next month as a "going concern" meaning that it will transfer to the buyer with the ability to continue production for a minimum of one year. I suppose that's to allow them time to get their team in place and prepare for long term operations. As many are aware the Navajo nation was looking at purchasing Remington but have withdrawn the offer. The news article speculated that the Navajo nation felt they would be able to purchase Remington for less at auction. We'll see.