This is Remington Firearms. What was left of Remingtons firearms business, a rifle/shotgun factory in New York and another one in Tennessee that make handguns, went to an outfit that is now calling themselves RemArms and, fighting labor issues, is back to work making a much smaller catalog of the old Remingtons classics like the Model 700 rifle, 870 shotgun, and their variant of the M1911 the R1. Gone are all semi-auto and pump-action rifles. Check back for upcoming details on progress, job opportunities in Georgia and more. We always appreciate your feedback. The local CBS TV station WKTV has the news. , FN Herstal. The main difference between Remington 700 ADL and BDL is the magazine type. Lets start with the good news first. At some point, the company went by the name E. Remington and Sons. Want to Sell Them? Remington modern rifles lead the way in accuracy and reliability, while our classic muzzle loaders deliver timeless lines and precision of the highest level. Marlin 1894 carbines, the front rifle is chambered in .357 Mag. This time for real. Offers may be subject to change without notice. Thread starter bill123; Start date Sep 15, 2021; Help Support Long Range Hunting Forum Become a supporting member. Must Be Latvia! Loaded to the same chamber pressure of 65,000 psi as the 454 Casull, the 460 Smith & Wesson is the most powerful revolver cartridge in the world. Although Remington Arms executives stopped their initial bankruptcy filing, after struggling to restructure the company under a $950 million debt pile, the company filed for bankruptcy protection again in 2020. The Remington Model 870 shotgun replaced Big Green's well-liked Model 31 some seven decades ago and was in steady factory production up until last year, with over 11 million models delivered to. So on and so on. (Dear Remington: Make the Model 700 Rifle Great Again | Field & Stream ;fieldandstream.com). The launch of our new products for 2022 will help usher Remington into a new era, said Joel Hodgdon, Director of Marketing for Remington Ammunition. Marlin rifles are known for their quality and reliability. Remington Firearms and Ammunition are now separate new companies. One of the most recent versions of the Remington 870 pump shotgun. Need Help?service@guns.comCall (866)582-4867, PO Box 1131 13800 Nicollet Blvd Burnsville, MN 55337 2023Guns.com. No, Remington is a private company, so its stock isnt listed on either the NYSE or Nasdaq exchange. In order to stay akin to their competition, I am sure a written, reassuring warranty will come in time. The creditors included a unit of JPMorgan Chase. Shut down in the aftermath of Remington Outdoors' federal bankruptcy filing and resulting auction last September, the New York factory along with a Tennessee-based pistol barrel plant was acquired by Roundhill Group for $13 million. However, in 2018, SOCOM announced that the MSR did not conform to its requirements at the time and the program was re-competed. FOR FIREARMS RELATED QUESTIONS, INCLUDING PARTS AND REPAIRS, PLEASE VISIT. During the Great Depressions, Remington was again sold off, this time to DuPont. It uses a self-compensating gas system which allows the gun . What is happening to Remington Arms? This time, the Remington Outdoor Company and all its assets were sold off. Remington Takes Huge Step Toward Making Guns Again Key agreement between RemArms and the United Mine Workers of America means Big Green could resume production of rifles and shotguns this month. On July 28, 2020, Remington filed again for Chapter 11 bankruptcy protection, and its assets were divided up and sold to various buyers. [1910] and the Remington . The number one aspect of a revitalized Remington firearms company, for consumers and producer alike, will be quality. Word is that sometime in 2021, we'll see Remington guns on dealer's shelves again. The lawsuit asserts that Remington deserves part of the blame for the mass shooting because of its decision to market AR-15s to civilians. Cabelas/Bass Pro to Hire 5,000, Smith & Wesson Releases New Folding M&P FPC 9mm Pistol Carbine, The Surge: How Every Gun and Ammo Buyer is a Conservationist, Yes, the Girl Scouts Now Have a CMP Air Rifle Team, Volquartsen Releases 22 LR VT2 Takedown Rifle, Vortex Optics Acquires Ballistics Calculator App Maker GeoBallistics. Winchester Model 12. . Raw materials have been hard to come by for manufacturers coupled with disruptive supply chains, King said. The difference between the Remington 7600 Carbine and the Remington 7600 is minimal, the only difference is the shorter barrel. Because at Remington the innovation never stops. Our team in Lonoke, Arkansas is working 24/7 to produce both old favorites and new offerings. Select Recent News (above) to view the press release. Word is that sometime in. Introducing the Gunsite GLOCK Service Pistol! Remington Making 700 Receivers Again? This gun is not in the class of the fit and finish of those guns, but again, it does work. The folks that make Federal ammo bought the rights to the RemingtonTM name and most of its ammunition-making concerns and are now delivering that without a beat. The Model 700 bolt-action's accuracy and dependability remain legendary more than 50 years since it was unveiled. 2019 Revenue: $865.1 million. During the bankruptcy auction in September 2020, Remington Outdoor Company was sold in parts. If anybody is going to makecomebacks cool again it is going to be RemArms in 2021 because they not only have big plans, but they appear to have the clout to achieve them. Coming from the same communication to dealers and distributors (which we are not fully disclosing out of respect to RemArms and the privacy to their dealers and distributors), they spoke about the different firearm models they will look to immediately begin producing, and others they will discontinue entirely. While the value of a gun may depreciate over time, it doesnt lose as much value as goods in other industries. "Remington has established a legacy for quality, innovation, and customer service, said D'Arcy. Terms and Conditions and Privacy Policy. B. bill123 Well-Known Member. It was after the Dec. 2012 shooting at Sandy Hook Elementary School that then Remington owner Cerberus Capital Management decided to sell off its holdings in the gun manufacturer. See where Marlin, DPMS, Bushmaster, Tapco, and more ended up. For the shotgun sports this means there will be an ongoing shortage of ammo and components. Guest Writer | Sierra Bullets Blog Remingtons products include rifles, shotguns, and ammunition. The idea this legislation will curtail crime is absurd, he said in a statement to WKTV. Most of the Gun News That is Fit to Print! The weight change is minimal. Next Last. But Ill tell you this, very soon well be making record levels of ammo. Rifles manufactured after April 9, 2014 are not subject to recall. Market Realist is a registered trademark. In 2013, Remington won the US Army and USSOCOM Precision Sniper Rifle competition with its Modular Sniper Rifle. Founded as a rifle-barrel-manufacturing firm in 1816 by Eliphalet Remington IIwhose father operated a forge at Illion Gultch, New Yorkthe company that would become E. Remington & Sons in 1865 (and later Remington U.M.C. LENOIR, N.C. (WBTV) Since the pandemic began, gun sales have increased. The bill, put forward in the House last Friday by Rep. Barry Moore (R-Ala.), more specifically seeks to declare that an "AR-15 style rifle chambered in a .223 Remington round or a 5.56x45mm NATO . TimesMojo is a social question-and-answer website where you can get all the answers to your questions. According to RemArms, they should be viewed as a new company like atrue start-up with the similar buzz of excitement, ambition, and ongoing activities that you would imagine coming from something entirely new. They kicked off those communications with dealers and distributors with the statement below: Good Day, from Remington Firearms! They also wanted to note to their partners dealers, distributors, and potential customers that they will bea much smaller company than the previous Remington Outdoor Company; and as a result, will have different capabilities (both positive, and for the interim, negative in some aspects). If I did it all over again, I'd get a .375 Chey Tac. This Remington 870 is a 6+1 with XS Sights new magazine extension. As a consequence of Remingtons July 2020 bankruptcy, the Marlin business was sold to Ruger for $30 million. It's a site that collects all the most frequently asked questions and answers, so you don't have to spend hours on searching anywhere else. The company emerged from bankruptcy within two months,. I'm anxious to see what happens. The next year, Barretts MRAD was selected as the new winner. "The launch of our new products for 2022 will help usher Remington into a new era," said Joel Hodgdon, Director of Marketing for Remington Ammunition. DuPont held onto the company until 1993, when it was sold to an investment firm. Altogether, the auction process raised over $150. Private equity firm Cerberus Capital Management acquired Remington in 2007. It is reassuring and fantastic to hear that that will be at the forefront of RemArms efforts. Were Big Green. Will you be purchasing one of their firearms soon? Remington Outdoor Company filed for bankruptcy last July and announced in October that it was terminating the employment of 585 workers at its Ilion plant effective Oct. 26, and cutting off all their health care and other contractual benefits on Oct. 31. Terms and Conditions and Privacy Policy. Union: Remington Arms, oldest U.S. gunmaker, terminates 585 employees at birthplace Edward Harris Observer-Dispatch 0:00 2:18 Almost 600 employees at the Remington Arms plant in Ilion were told. On November 8, 2021, the recently revived Remington Arms announced the move of its global headquarters from Ilion to LaGrange, Georgia, outside of Atlanta. Why Do Cross Country Runners Have Skinny Legs? Roundhill Group was one of seven buyers in Remingtons bankruptcy sale. However, the local government in LaGrange offered Remington property tax abatements as well as utility and infrastructure improvements. The Bushmaster black rifle brand, acquired by Nevada-based Franklin Armory, has been teasing a forthcoming rebirth, as has the Marlin Firearms line of lever-action rifles, which was purchased by gun giant Rugerat auction. For additional announcement information, please contact press@remarms.com. RemArms in its current form sprang from Remington Outdoors' federal bankruptcy filing and resulting auction last September. Shipments of that production should commence immediately (so hopefully it is fully underway at the time of this writing). Updated: May 13, 2021 / 11:43 AM EDT. Concerns about taxes on firearms and ammunition under the Obama administration drove the demand. Exceptions are. The iconic companys expanding product line drives home the growth and momentum that continues to compound for Remington. On July 28, 2020, it filed again for Chapter 11 bankruptcy protection. The Roundhill Group has secured a federal firearms license and has plans to re-start production next month at the Illion, New York facility. This versatile, no-nonsense shotgun can be used for hunting upland game, ducks, and deer, as well as a home defense shotgun and informal clay pigeon shooting. Current centerfire rifle offerings from the company are four variants of the Model 783, 17 of the Model 700, and five of the Model Seven all bolt-action hunting and precision shooting rifles. Remingtons move comes in the wake of both bankruptcies and unfavorable legislation in its historical home state. ; federal bankruptcy filing and resulting auction last September to re-start production next month at the,... Is reassuring and fantastic to hear that that will be at the forefront of RemArms efforts ; s accuracy dependability! Contact press @ remarms.com, it doesnt lose as much value as goods in other industries 700 &... 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