Varminterror
Member
- Joined
- Jul 17, 2016
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- 14,852
I haven’t seen this linked here yet, and others may find it as intriguing as I. Here’s the list of Remington brands and their respective successful bidders, and back-up bidders, pending confirmation and acceptance by the courts in the coming week(s):
I’m intrigued by the idea of a Ruger built Marlin 1894 with a threaded barrel. I’m disappointed to think that PSA/JJE and Franklin just expanded their production capacity, and don’t expect they’ll carry on the Bushmaster or DPMS names - and really interested to understand the opportunity for PSA/JJE with the H&R brand (surprisingly fractured from the Marlin business)...
BUT... More than anything...
I’m disappointed that the Remington 700 and 870 business appears to have gone to a real-estate investment group. Maybe they’ll continue operations, maybe not, but nobody expects this real-estate business to manage the company any better than the past 2 capital management owners.
- Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business;
- Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively;
- Sierra Bullets, L.L.C. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business;
- Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business;
- JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands;
- Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and
- Sportsman’s Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand.
I’m intrigued by the idea of a Ruger built Marlin 1894 with a threaded barrel. I’m disappointed to think that PSA/JJE and Franklin just expanded their production capacity, and don’t expect they’ll carry on the Bushmaster or DPMS names - and really interested to understand the opportunity for PSA/JJE with the H&R brand (surprisingly fractured from the Marlin business)...
BUT... More than anything...
I’m disappointed that the Remington 700 and 870 business appears to have gone to a real-estate investment group. Maybe they’ll continue operations, maybe not, but nobody expects this real-estate business to manage the company any better than the past 2 capital management owners.
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