A message from Remington CEO

I6turbo said:
If those are the facts, something smells rotten.

The more I learn these days and the more I know, the more I hate most big companies. And it's because of the ruthless people who run them, and how they are mostly hell-bent-for-leather to gain generational wealth for themselves, anybody and anything else be damned.
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Those are in fact, the facts! Lol.

Do a search through THR threads. There were a few good ones active while Big Greens second bankruptcy was ongoing, and we identified the prime culprits of Remingtons downfall in real time, as it happened. D'Arcy is one of those prime culprits, front and center..as well as everything else @mcb listed.

All true sad facts. Those buzzards ruined big green for short term profit.
 
mcb said:
RemArms LLC will not get one dime from me until Ken D'Arcy is gone!

D'arcy was the last CEO of Remington Outdoor Company after the first bankruptcy and as far as I can tell was brought in by the owners (JP Morgan Chase, and Franklin Templeton) to get them out of the gun business as quickly as possible even if that meant breaking up the company in a second bankruptcy auction, as happened. He was never there to save the company, he was there to save the bank's money and reputation and line his own pockets in the process.

After the second bankruptcy ended Remington Outdoor Company . Ken D'Arcy with the help of a friend buys the Ilion facility out of the bankruptcy for only 13 million dollars. Ilion is a 1 million sq ft facility and this included all the machines (except a few of those that went to Ruger). There is more than 13 mil in hammer forges on the first floor of one building (there are at least 16 buildings at Ilion). Ruger pay over 30 million for Marlin and only got the trademark/copyright, some technical data packages, and a handful of machines from Ilion and Huntsville. Sierra bought Barnes for over 30 million for a small 50,000 sq ft facility that makes bullet and has limited ammunition production. 13 million was a song and now he gets to be the FUDD CEO of the "new" Remington.

No thanks, my money will go to a company led by people I can respect.

RIP Remington...
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I thought all the divisions were auctioned off to the highest bidder?
 
MarshallDodge said:
I thought all the divisions were auctioned off to the highest bidder?
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They were. Roundhill got the NY facilities cheap because of the environmental headaches that came with it. The place has been there for over 100 years, and if it's repurposed then it would all have to be cleaned up. So, basically, Roundhill got it all for a song and dance because nobody else wanted it.
 
Megawatt maker said:
They were. Roundhill got the NY facilities cheap because of the environmental headaches that came with it. The place has been there for over 100 years, and if it's repurposed then it would all have to be cleaned up. So, basically, Roundhill got it all for a song and dance because nobody else wanted it.
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Makes sense. The other post made it sound like he had some kind of inside information that Roundhill took advantage of.
 
MarshallDodge said:
Makes sense. The other post made it sound like he had some kind of inside information that Roundhill took advantage of.
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On the surface, it wouldn't appear anything shady happened..but behind closed doors..I have little doubt. The whole episode was a sad circus.

I just wish I would have had a spare 13 million laying around. That was cheap for what was left.
 
Megawatt maker said:
Remington doesn't make those, or even own the rights to produce Remington Ammunition. They lost all that in bankruptcy number 2. Federal bought all Remington ammo facilities, names and rights.

Sierra bought Barnes bullets.

End of story for Remington ammo
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I do not think that is correct (if I am wrong I am wrong). The Remington Ammunition products including the plant in Arkansas and the brand name Remington were purchased by Vista Outdoors (CCI, Federal and some others). The new company, Rem Arms, is not Remington and I think they pay Vista Outdoors to use the Remington brand name. And not speaking to anyone in particular but I think the Remington vendetta has about run the course.
 
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The real litmus test for me is if they can make (and I can find) a Rem 700 like they used to be. Before their quality went downhill. I saw what they were putting out when struggling. Shoddy Marlins, 870s, and who can ever forget the R51?
 
^^^^^T/C Venture are my go to hunting rifles....7mm-08,.270 and 25-06. Nver had an accurate Remington bolt.Guess I had bad luck with them.If the talk is followed through Ill give them a shot again.
 
This is a unique thread, everyone is correct. Perhaps I'm just looking at it differently.

Well, OK Rem start out (again) with something ppl wanted but never got the V3 in 20ga.

The CEO did this that then. Already happened, bles$ed by the bank$ and not declared illegal by the Fed$. On to, what's really going to happen? Any innovation. Unfortunately, Rem Inc kinda soured me 20+ yrs ago with the flat finish 870 and that god only knows metal finish, guaranteed to get a patina of rust even in a humidity controlled safe. So I'm looking forward very cautious and wishing best for at least their employees...

Again very unique, perhaps I'm just looking at it differently. Maybe it's just me getting older haha
 
The 11-87 I just purchased works just fine. I think it was built in the 90's sometime. Probably the last of the quality shotguns they've made.

I don't know the politics of the company but they'll never be the company they were 25 years ago. Hasta La Vista, Baby.
 
MarshallDodge said:
Makes sense. The other post made it sound like he had some kind of inside information that Roundhill took advantage of.
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MarshallDodge said:
I thought all the divisions were auctioned off to the highest bidder?
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Remington was auctioned off to the highest approved bidders. The approval process involved both Remington Leadership (I believe that was the CEO, Board of Directors, and owning banks) and the Bankruptcy Court.

The shady part is this. Roundhill Group LLC that bought Remington's Ilion plant and became RemArms LLC was owned and run by a person named Richmond Italia. Among other things Italia also owned a company called GI Sportz, a Canadian Paintball company. Guess who was a former CEO of GI Sportz? None other than Ken D'Arcy the current CEO of Remington Outdoor Company. Italia buys Ilion and on the other side of the Bankruptcy D'arcy gets to become CEO or this new company. I have no proof of anything illegal, everything I have posted in this thread can be found in the publicly available Bankruptcy documents and other reputable sources on the internet but it still smells to high heaven. I believe D'arcy was in the bid approval process so probably had some useful information to share with Italia, if nothing else, simply helping his buddy Italia not overbid for Ilion. In exchange he gets to become CEO of one of the biggest bits of the Company he destroyed. The other shady or funny part, depending on you disposition, is about the same time Roundhill/Italia are buying Ilion, GI Sportz as company ends up going bankrupt itself. It all just smells bad even if nothing was technically illegal.
 
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mcb said:
RemArms LLC will not get one dime from me until Ken D'Arcy is gone!

D'arcy was the last CEO of Remington Outdoor Company after the first bankruptcy and as far as I can tell was brought in by the owners (JP Morgan Chase, and Franklin Templeton) to get them out of the gun business as quickly as possible even if that meant breaking up the company in a second bankruptcy auction, as happened. He was never there to save the company, he was there to save the bank's money and reputation and line his own pockets in the process.

After the second bankruptcy ended Remington Outdoor Company . Ken D'Arcy with the help of a friend buys the Ilion facility out of the bankruptcy for only 13 million dollars. Ilion is a 1 million sq ft facility and this included all the machines (except a few of those that went to Ruger). There is more than 13 mil in hammer forges on the first floor of one building (there are at least 16 buildings at Ilion). Ruger pay over 30 million for Marlin and only got the trademark/copyright, some technical data packages, and a handful of machines from Ilion and Huntsville. Sierra bought Barnes for over 30 million for a small 50,000 sq ft facility that makes bullet and has limited ammunition production. 13 million was a song and now he gets to be the FUDD CEO of the "new" Remington.

No thanks, my money will go to a company led by people I can respect.

RIP Remington...
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Interesting analysis.

Could also be a case of breaking a few eggs, and discarding the shells, to make an omelet.

With some motivated self-interest thrown in.
 
First thing Remington needs to do is quit making 60 variations of the 700. Small production with high QA. Bring back the fussed over 40X in rimfire and centerfire. The custom shop needs to make the Hepburn #3 SS again in limited highly fussed over. AND NOT GET INTO THE POLYMER production war. GO back to being just a small company making less than 75 items.
 
Smoothly presented and the blame passed on to obscure "suits", leaving him as one of the good ole boys and a trustworthy gun enthusiast. When d'Arcy said that they are now making the highest quality Remingtons ever, I went to the safe and looked at my Remington shotguns from 1961 to 1994. I can very well live with the quality of my 1994 Remington 870 Turkey Special but it does not compare well to the 1980s 870 Wingmaster, leave alone the 1961 1100 Skeet gun.
 
I hope they turn it around because their latest offerings are useless imo. The Old model 700s were some fine rifles. I have more than one from the 60s and 70s. I even have one from the 90s that shoots lights out. Bought one several years ago and changed that trigger out before I even went to the range. I guess they are trying but why you gonna put a Timney trigger in that is not adjustable and market it? There are some better choices out there these days...
 
.308 Norma said:
I'd sure like to see Remington come back out with their .22LR "Yellow Jacket" HPs. Those things really make messes of ground squirrels out to about 80 yards or so, and they run real well in the .22 LR rifles and handguns my wife and I have been slewing ground squirrels with during the past couple of springs.
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I still have two boxes of those very rounds buried on the rimfire shelf. :)

IMG_3051.jpeg

I thought the Yellow Jackets, and the Viper solid point, were really good ones, too.:thumbup:

Stay safe.
 
drobs said:
View attachment 1173805

It's never a good sign when the CEO of gun company can't properly / safely carry a rifle in the field. Good gawd man take a Hunter Safety Course!

Proper Field Carries: Trail Carry

www.hunter-ed.com www.hunter-ed.com
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He is aping the “African” carry that the professional hunters over there do. I guess he thinks the look gives him “gun cred.”

(Images taken from safari outfitter websites.)
IMG_3055.jpeg IMG_3056.jpeg

I would never carry a long gun like that either. Besides looking uncomfortable, I think it’s unsafe, too.

Stay safe.
 
Remington is owned by stockholders. I went through several company takeovers at two different plants before I retired and publicly owned companies are the most ruthless of them all. They will eat their own young if it makes a dollar for them. The (any) CEO won't have a chance. He'll be the baby in the bath water.
 
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