Palmetto state armory buying Remington?

[Edwardteach72]

Bankrupt Remington gets $65m offer for ammo business- and the bidder might surprise you

As long-time firearms and ammunition manufacturer Remington begins to split itself apart amidst what may be its final bankruptcy, a new -albeit familiar- challenger may have stepped up to purchase the munitions side of the house. Columbia, SC-based private equity firm JJE Capital Holdings LLC...

warisboring.com

 

[carpediem]

Palmetto State hasn't bought anything. It is just a bid.

 

[Edwardteach72]

Palmetto State hasn't bought anything. It is just a bid.

I meant to put a ? At the end of the title

 

[dwa12479]

Great. So now it'll take Remington 2 weeks to ship items that are in stock.

 

[Edwardteach72]

Great. So now it'll take Remington 2 weeks to ship items that are in stock.

Atleast the hit or miss QC will stay

 

[Jchrisls]

Didn't an Indian tribe back out of thier offer recently due to the bankruptcy? I was under the impression that the new owners may be liable for any litigation outcomes post sale, and that's why they backed off.
If so, pretty ballsy to not only accept the debt load but assume any unknown future debt load from suits.

 

[Shadow2]

It was a matter of time, In the last 8 years enthusiast shooting has gone through the roof, You have custom companies making better Rem 700 actions then Remington ever has. The 870 has all been replaced by the Mossberg 500. Ruger precision rifles for the price makes the Rem tactical a hard sell. The Freedom Group milked the brand recognition with premium prices, made their money and cashed out. I personally think Remington ammo is shit. Maybe the only thing they make well are Sabots.

 

[Edwardteach72]

It was a matter of time, In the last 8 years enthusiast shooting has gone through he roof, You have custom companies making better Rem 700 actions then Remington ever has. The 870 has all been replaced by the Mossberg 500. Ruger precision rifles for the price makes the Rem tactical a hard sell. The Freedom Group milked the brand recognition with premium prices, made their money and cashed out. I personally think Remington ammo is shit. Maybe the only thing the make well are Sabots.

Hell Remington was one of the first companies to jump on the AR10 platform and market it strictly for hunting... most people don't even think ar15/10 when you mention Remington..

All anyone really thinks is 700/870/shitty 1911 and ruined marlin lever guns

 

[Vapor]

The mission statement of the owner of palmetto used to be that he wanted to put a gun in the hands of every u.s. citizen that wants one. I wouldn't mind Remington having an owner like that.


I see it's just for the ammo, still, at least it would still be a pro gun owner.