Remington closing?

[NWSharpshooter]

I keep hearing how new ownership is what caused problems but Cerburus Capital Management (owners of Freedom Group) bought Remington in 2007 when they were just about to go under and in 2008 made them profitable again for the first time in decades. I am not sure that having owned them for 12 years can classify them as new owners and also not sure they are the problem. I am thinking the fact that they have been closed down for months by left wing governor is the bigger issue. Also, they are filing bankruptcy, which is a method of keeping from going out of business. I have heard nothing about closing down for good.

aren't they in Alabama now?

 

[mcdougmd]

their management has milked the company dry by taking all the money out and not reinvesting in equipment, qc, and R&D for new innovations. Been that way for years now. It has caught up to them.

 

[4ssss]

The Remington plant in Illion was scheduled to be closed years ago. I had a snowmobile camp near there and knew quite a few people that worked in that plant. The Union and NY taxes, is what they cited as the reason when they announced the closing, not to mention they were looking to the state for help, which naturally was denied. They opened the Alabama plant just for this reason, but they never followed thru with closing Illion, moving the Ct. (which is a bigger Anti-gun state than NY) Marlin factory from North Haven, and saving some jobs. I think if they ever followed thru with closing Illion they would have done fairly well. The building is a 6 floor old building that wasn't built to modern manufacturing standards., and the area around Herkimer County is either old and decaying, or farmland, and the state has invested more money into research and development in concert with State University of NY than trying to keep the old factories going, especially when you have an anti gun governor.

 

[shootin4fun]

Well, since you brought up Americas' darling Governor, here's a good one.

https://www.dailymail.co.uk/news/ar...New-Yorkers-come-save-city-Ill-buy-drink.html

Did you know the CEO of Remington wanted to help in the early stages of the pandemic? He called and messaged the mayor and governors office for weeks about using their Remington facilities, tooling, and labor to help. Not one response. #votered #draintheswamp

 

[CTS Tactical]

aren't they in Alabama now?

No, still in Ilion NY. They opened a plant in Alabama that built certain items but they have closed down a good part of that.

 

[4ssss]

No, still in Ilion NY. They opened a plant in Alabama that built certain items but they have closed down a good part of that.

Guess I should keep the 2 NIB Rm 380 Alabama edition guns I have for a rainy day.

 

[atljetmech]

Guess I should keep the 2 NIB Rm 380 Alabama edition guns I have for a rainy day.

Yep just put 'em back in safe till they become a "very rare and desirable" sail.
Not even worth testing the waters at this juncture.

 

[Cadcom]

Other than the Remington 870 and Remington 700, what would anyone miss if they went under?

 

[CTS Tactical]

As far as I can tell the R1 series and other handguns are still being made in Huntsville but not sure what else.

 

[ReservoirDawg10]

Other than the Remington 870 and Remington 700, what would anyone miss if they went under?

Well, considering that those are two of the highest selling models in each of their classes...