Post New Article

Remington Outdoor, bankrupt gunmaker,
to be sold in pieces to seven buyers

Original Article

Posted By: tisHimself, 9/29/2020 6:05:03 AM

Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show. The biggest sale will go to Minnesota-based Vista Outdoor, which said it will pay $81.4 million for Remington’s brand and trademarks along with parts of its ammo and accessories business including an Arkansas ammunition factory. Other buyers include outdoor-gear retailer Sportsman’s Warehouse, which will acquire the Tapco brand of gun parts and accessories, and Nevada-based gunmaker Franklin Armory, which is snapping up Remington’s Bushmaster rifle brand, records show

Post Reply

Reply 1 - Posted by: DaddyO 9/29/2020 6:21:33 AM (No. 556060)
Remington R51 flopped because of design flaws Model 700 rifles recalled because of trigger issues, costing tens of millions of dollars. Remington sold off their ammo business. Remington introduces tracking point rifle/scope costing $3000-$6000 How To Run A Business Into The Ground
19 people like this.

Reply 2 - Posted by: chumley 9/29/2020 6:34:48 AM (No. 556069)
I have several of their older rifles and they are all top notch tack drivers. Used an 870 riot gun when I was a cop and loved it. Just bought my own 870 (no stock, 14" barrel) last spring and it appears to be fine quality too. Its a shame they went under. Hope the new owners bring the name back to where it used to be.
19 people like this.

Reply 3 - Posted by: WhamDBambam 9/29/2020 6:54:06 AM (No. 556080)
Sorry to hear this. I, also, have one of their 870 pumps for home defense and drive by their ammo plant just outside Little Rock regularly. Hope the come back.
10 people like this.

Reply 4 - Posted by: Rumblehog 9/29/2020 7:21:25 AM (No. 556101)
Much like Sears and the Craftsman brand, which is still "trusted" even though the quality (Chinese) isn't what it used to be (USA). Remington lost the magic sauce when they cheapened quality to save money. Everyone knows this but still the Remington brand is respected and can make a comeback in the booming market. Isn't it amazing that the executives of companies, who are hired and paid lavish salaries for being "the wizards of smart" in business, so routinely run perfectly good companies into the dust? They never seem to lose a thing, being paid handsome "golden parachutes" and moving on to destroy another company someplace else. A pathetic cycle of business that leaves people, families, and communities broken while the true miscreant profits.
28 people like this.

Reply 5 - Posted by: SkeezerMcGee 9/29/2020 7:49:26 AM (No. 556133)
Very disappointing. Never thought this would happen. Remington was everywhere as long as I can remember, starting in the early 50s. Loved reading their beautiful full page advertisements in Field and Stream and Outdoor Life. A business that snoozes, losses.
11 people like this.

Reply 6 - Posted by: The Other Guy 9/29/2020 8:40:31 AM (No. 556199)
I have my late father's .22 cal Remington that dates to the 1940's. Still does exactly what it was designed to do over 70 years ago. It'll pass on to my son and it will likely last until he, some day, passes it on to the next generation.
12 people like this.

Reply 7 - Posted by: ROLFNader 9/29/2020 8:52:41 AM (No. 556225)
A few days ago, a radio newscast said that Remington's financial woes began when they were forced to defend a lawsuit stemming from the use of their product in the Sandy Hook school shooting.
14 people like this.

Reply 8 - Posted by: Laotzu 9/29/2020 9:28:38 AM (No. 556275)
The name Remington was synonymous with American shooting sports for 200 years. Their 700 was the definitive bolt rifle in America for 50 years. I'm guessing it takes a Democrat to lose money in guns and ammo after 2008. Almost a billion in debt when they last filed for bankruptcy protection. Well worth a business school paper.
8 people like this.

Reply 9 - Posted by: Dodge Boy 9/29/2020 9:56:41 AM (No. 556309)
strange that a gun maker would go broke during record gun sales.
12 people like this.

Reply 10 - Posted by: DVC 9/29/2020 10:27:59 AM (No. 556344)
Good to see these businesses split back apart. The amalgamation never made any sense to anyone who knows anything about the gun trade. Stupid NYC big money folks "making a small fortune in the gun business". The key is to start with a large fortune. And they did, and they managed to convert it into a much smaller fortune. Stupid, stupid, stupid. Meanwhile, Ruger and S&W are raking in money hand over fist because they are run by gun guys and stick to guns, not accessories and distractions.
6 people like this.

Reply 11 - Posted by: DVC 9/29/2020 10:29:01 AM (No. 556346)
#1, the "trigger issues" were fake, bottom feeder lawyers going after the deep pockets more than any real problems.
6 people like this.

Reply 12 - Posted by: Mizz Fixxit 9/29/2020 10:30:17 AM (No. 556350)
Poster 4, a similar malady is prevalent in public education. Incompetent, administrators are in constant circulation. They arrive in a district with a liberal social activist agenda, waste taxpayer funds like mad, stay a few years and leave destruction in their wake. Even if forced out in disgrace, these lightweights land new jobs.
8 people like this.

Reply 13 - Posted by: DVC 9/29/2020 11:33:17 AM (No. 556433)
In many cases, when a company is sold, any legal liabilities remain with the original company, and are not passed on during the sale. This might be one more reason to sell the company, to dead end the worthless, and illegal (but a judge has allowed it) lawsuit about Sandy Hook. The rifle was not defective in any way, and there is a federal law which was specifically written to protect gun makers from this sort of politically motivated lawsuit. Yet, somehow, there was a judge who did some crooked dealings and got around that federal law protecting gun makers.
3 people like this.

Reply 14 - Posted by: ussjimmycarter 9/29/2020 11:36:33 AM (No. 556437)
Use to have my dad's 1950's version of the Remington 1100 12 Gauge Auto. Had a ventilated rib and a 30 inch barrel with a full-chock. Wish I had it back. Beautiful gun that ran without any issues...ever!!! I traded for a .357 Magnum back in the late '70's. Damn!!! I'm an idiot!!!
2 people like this.

Reply 15 - Posted by: DVC 9/29/2020 11:41:04 AM (No. 556441)
Vista Outdoors gets Remington ammo.....Vista is a big scope seller (Weaver, Bushnell, Simmons, Tasco, Redfield), reloading equipment and supplies (RCBS, Alliant powder, Federal ammunition, CCI primers, Speer bullets, Blazer, American Eagle, Estate, Fusion, Independence), gun cleaning (Outers, Hoppes, Gunslick), targets (Champion), holsters. And lots of other outdoors stuff, too, helmets. They will now control a HUGE swath of all ammo manufacturing.
3 people like this.

Below, you will find ...
Most Recent Articles posted by "tisHimself"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by tisHimself"
US Embassy employee in Ukraine dies after she
was found unconscious by railway
6 replies
Posted by tisHimself 10/2/2020 3:41:02 AM Post Reply
A US Embassy employee in Ukraine has died in a suspected murder near railroad tracks in a park, police said. The American woman, who was not identified, was discovered unconscious Wednesday with a head injury, wearing running gear and headphones near a railway that passes through a park in Kiev, police said. The woman, who had her US embassy ID badge on her person, was brought to the hospital, where she later died, authorities said.
BET Founder Appears to Be Sticking to
His Guns Where Trump Is Concerned
3 replies
Posted by tisHimself 10/2/2020 3:32:52 AM Post Reply

Narrative, meet thy match: Actuality. On Wednesday, Robert Johnson appeared to indicate he’ll be sticking with Donald Trump when November comes around. During an interview on CNBC’s The Squawk Box, the mogul discussed devils: “As a businessman, I will take the devil I know over the devil I don’t know any time of the week. And that seems to be what business people are confronting today.”  (Snip) Of course, I can’t speak for the man; but I’d assume he wouldn’t be saying the above if he were especially unhappy with Trump’s job. He may not call it an endorsement, but it’s surely a favorable statement.  Correction*

 

DC Legal Circles Rumor Says Member
of Mueller’s Prosecution Team
Has “Flipped” for Durham
11 replies
Posted by tisHimself 10/2/2020 3:28:07 AM Post Reply

Something has happened in the Durham investigation of the origins of the Russia rumor hoax, and a rumor circulating among Washington, D.C., federal criminal defense att0rneys is that a former member of Robert Mueller’s Special Counsel’s Office (SCO) has “flipped” and is providing information to the investigators regarding the work of the SCO. This is the earliest Tweet I can find on the subject: (Tweet)This kind of “rumor” very often turns out to be true, because it is nearly impossible for the legal staffs involved — the Gov’t and the cooperator — to keep a lid on everything.  Corrections*

Crisis response team
— without cops — would be sent to mental health
emergencies under proposal
25 replies
Posted by tisHimself 9/30/2020 8:33:40 AM Post Reply
Community health advocates and some aldermen called Tuesday for creation of a crisis response team that excludes police officers to help people experiencing mental health emergencies. “Currently, the city’s response to crises has been done and managed exclusively by the city’s police department,” said Arturo Carrillo, lead organizer for the Collaborative for Community Wellness, a citywide coalition of community groups. “As a result, the largest mental health provider in this city and this country is Cook County Jail.” Instead, Carrillo, a licensed social worker, said the crisis response team would be staffed by paramedics and social workers and operated by the Chicago Department of Public Health.
House GOP Calls for Moving
Vital Industries
From China to America
12 replies
Posted by tisHimself 9/30/2020 8:05:03 AM Post Reply
House Republicans are pushing to seal the deal on a host of policies to withdraw vital American industries from China in the wake of the coronavirus pandemic. The GOP-chartered House China Task Force issued a report on Wednesday that calls in part for Congress to enact the 2021 National Defense Authorization Act's bevy of policies. Those policies, many of which have already passed the House, aim at reducing U.S. supply chain dependency on the Chinese Communist regime, which the report labeled a risk to American safety and prosperity. "The next step is to get this NDAA, to get this defense bill
More than 10,000 ballots collected during
Democracy in the Park
11 replies
Posted by tisHimself 9/29/2020 8:54:18 AM Post Reply
The city of Madison collected 10,813 absentee ballots from local residents at this weekend’s Democracy in the Park event, which state Republicans tried to halt. Despite a threat of legal action from the state GOP if the event were to take place, the Madison City Clerk’s Office forged ahead, arguing Republicans had no legal support for allegations the event constituted an “illegal collection of ballots” that “falls outside lawful categories.”
Remington Outdoor, bankrupt gunmaker,
to be sold in pieces to seven buyers
15 replies
Posted by tisHimself 9/29/2020 6:05:03 AM Post Reply
Bankrupt gunmaker Remington Outdoor will split up its business and sell the pieces to seven different buyers following a bankruptcy auction, court records show. The biggest sale will go to Minnesota-based Vista Outdoor, which said it will pay $81.4 million for Remington’s brand and trademarks along with parts of its ammo and accessories business including an Arkansas ammunition factory. Other buyers include outdoor-gear retailer Sportsman’s Warehouse, which will acquire the Tapco brand of gun parts and accessories, and Nevada-based gunmaker Franklin Armory, which is snapping up Remington’s Bushmaster rifle brand, records show
A great deal of confusion and uncertainty’:
Trump coronavirus adviser infighting
breaks into open
23 replies
Posted by tisHimself 9/29/2020 5:54:45 AM Post Reply
White House Coronavirus Task Force advisers are openly disagreeing with each other, sending mixed messages about the pandemic. Both Dr. Anthony Fauci, the government’s top infectious disease expert, and Dr. Robert Redfield, the director of the Centers for Disease Control and Prevention, in recent days, have criticized Dr. Scott Atlas, a conservative neuroradiologist from Stanford who has become the top adviser to President Trump on the coronavirus. "Everything he says is false," Redfield said about Atlas during a phone call made in public on a commercial flight and overheard by NBC News.
For Mark Kelly, Attending Forum Hosted
by CCP Was the Beginning of Lucrative
Relationship with China
13 replies
Posted by tisHimself 9/29/2020 5:41:43 AM Post Reply

The Chinese government invited then-astronaut Mark Kelly, now an Arizona Democratic Senate candidate, to an all-expenses-paid retreat at a countryside resort in 2003. He left China five days later not only with a future spouse, former Rep. Gabby Giffords (D., Ariz.), but also with lucrative regime business contacts. Kelly attended the annual Young Leaders Forum, a five-day junket cohosted by the Chinese People's Institute of Foreign Affairs, which is "under the leadership of the Communist Party of China." The conference allowed Kelly an opportunity to mingle with high-profile Communist Party officials and rising stars in Chinese society. Attendees included Cui Tiankai, now Chinese ambassador to the United States;   Correction*

Video Emerges Of Joe Biden
Calling U.S. Troops ‘Stupid Bastards’ During Speech.
Biden Campaign Responds.
11 replies
Posted by tisHimself 9/26/2020 4:09:14 AM Post Reply
A video emerged on Friday of Democrat presidential nominee Joe Biden calling soldiers “stupid bastards” and a “dull bunch” during a speech overseas to U.S. soldiers while he was serving as vice president in the Obama administration. “I have incredibly good judgment,” Biden said. “One, I married Jill, and two, I appointed Johnson to the academy. I just want you to know that. Clap for that, you stupid bastards.”
UWL students react to “Trump 2020” and
discriminatory sidewalk chalking
12 replies
Posted by tisHimself 9/25/2020 11:31:58 PM Post Reply
On Sept. 15 the University of Wisconsin-La Crosse received multiple hate/bias incident reports over discriminatory phrases written in chalk around the university. The Racquet Press spoke with three UWL students, who all are choosing to remain anonymous due to concerns with their on-campus job positions. “This incident felt like an attack on my identity and presence on campus,” said the first anonymous student. The attack they referenced were messages written in chalk throughout parts of the UWL campus. Some of the messages written stated, “UWL college republicans” “UWL backs the blue”
President Trump Says
New FDA Standards On COVID Vaccine
Are Politically Motivated
20 replies
Posted by tisHimself 9/25/2020 5:52:06 AM Post Reply
President Trump has said the health of the American people is his primary concern when considering new FDA guidelines on a vaccine. On Wednesday, the President announced the White House may not approve tougher guidelines on the emergency use authorization of a coronavirus vaccine. According to reports, the FDA was gearing up to announce the stricter standards ahead of the election. As part of the new guidelines, manufacturers seeking authorization would have to follow trial participants for at least two months after a second vaccine shot.
Most Active Articles (last 48 hours)
Dr. Fauci Tells Americans to 'Bite the
Bullet and Sacrifice' Thanksgiving
57 replies
Posted by Hazymac 10/16/2020 10:41:15 AM Post Reply
First, CDC Director Dr. Robert Redfield warned that sharing Thanksgiving dinner indoors with a group of loved ones was very, very dangerous. Now, Dr. Anthony Fauci, the Mendacious Midget™, is joining the chorus. In an interview with Norah O’Donnell on CBS News, the media darling said the following about the holiday: "That is unfortunately a risk, when you have people coming from out of town, gathering together in an indoor setting. It is unfortunate, because that’s such a sacred part of American tradition — the family gathering around Thanksgiving. But that is a risk. Given the fluid and dynamic nature of what’s going on right now in the spread and
FNC’s Wallace: ‘I’m Suspicious’ of NY Post
Hunter Biden Story — Giuliani Not a
‘Reliable Source’
48 replies
Posted by Imright 10/16/2020 10:57:11 PM Post Reply
Fox News Channel’s anchor Chris Wallace commented on a New York Post article that purports to show emails from Hunter Biden linking his father, former Vice President Joe Biden, to his Ukraine business dealings, Friday on “America Newsroom.”Wallace said, “I can understand the concern about this story. It is completely unverified, and frankly, Rudy Giuliani is not the most reliable source anymore. I hate to say that, but it’s just true.” He continued, “There is a story in the Washington Post in The New York Times today saying that the National Security Adviser Robert O’Brien had to tell the president in December of last year that the intelligence agencies
'NBC is an interrogation. ABC is a picnic':
Conservatives erupt in anger after Savannah
Guthrie grills Trump with a 'question every
12 seconds' - while ABC host 'forgets to ask
Biden about his son Hunter's emails
43 replies
Posted by Imright 10/16/2020 3:08:11 AM Post Reply
Conservatives have erupted in anger after NBC's Savannah Guthrie grilled Donald Trump with a 'question every 12 seconds' while ABC's George Stephanopoulos was accused of forgetting to ask Joe Biden about his son Hunter's emails.Trump and Biden both held their town halls Thursday evening, with viewers forced to choose between the clashing timetables after the president scheduled his to go head to head with his competitor. On NBC, Trump was asked about coronavirus, QAnon, his own diagnosis and his taxes by Guthrie while, on ABC, Biden spoke LGBTQ rights, court packing and the 1994 crime bill with Stephanopoulos. But Republicans voiced outrage about the president's campaign event, accusing Guthrie
Chuck Schumer: Dems Will Deny GOP
A Quorum To Advance Barrett
33 replies
Posted by JoElla Bee 10/16/2020 11:13:53 AM Post Reply
Senate Minority Leader Chuck Schumer says that Democrats will not supply a quorum with which to advance the nomination of Amy Coney Barrett to the Supreme Court. Schumer defended this move, saying that Barrett’s nomination is “illegitimate, dangerous and unpopular.” There’s no point debating Schumer on these partisan claims. The question is whether the Democrats can block Barrett’s nomination through this ploy.I don’t think they can. A quorum in the full Senate is 51 members. In the Judiciary Committee it’s nine members including two from the minority party.
Trump never had COVID, say three of ‘The
View’ hosts who now believe he faked the
whole thing
32 replies
Posted by Imright 10/17/2020 4:10:26 PM Post Reply
Two of the hosts of the ABC talk show “The View” admitted this week that they believe President Donald Trump’s coronavirus diagnosis was fake.Their admission came Thursday, a day after tech giants Facebook and Twitter began suppressing an unconfirmed story about Democrat presidential nominee Joe Biden’s youngest son, Hunter, that media pundits had claimed was a “conspiracy theory.” The first admission was made by co-host Whoopi Goldberg as she was responding to a fellow co-host’s complaints that the idea of herd immunity — which is currently being considered by the White House — “seems cruel, seems callous.”“It doesn’t look good anywhere,” Goldberg responded before suddenly trotting out
‘Trans Lives Matter’ — Biden Pledges to
Sign Bill to Force Schools to Allow
Boys to Play Girls’ Sports
30 replies
Posted by earlybird 10/17/2020 3:24:38 PM Post Reply
In yet another glaring example that today’s Democrat Party is not the same Democrat Party of not all that long ago, Joe Biden pledged on Friday to sign the so-called “Equality Act” — a bill would that force public schools to allow biological boys who identify as transgender girls to compete in girls’ sports. Let’s just let that sink in for a moment. As the Daily Caller reported, the Equality Act passed the House with unanimous support from Democrats in May 2019 but didn’t come up for a vote in the Republican-controlled Senate. This is yet another example of what will happen to this country if Biden wins the White House
Harvey Weinstein will likely die in
prison if not freed, lawyers claim
28 replies
Posted by Pluperfect 10/17/2020 4:51:28 AM Post Reply
Harvey Weinstein is broke and will likely die if he remains in prison, his lawyer said Friday at a hearing over whether the former powerhouse producer should be freed on bail pending an appeal of his Manhattan rape conviction. “[Weinstein’s] physical and mental condition has so deteriorated, I do not think it’s an overstatement to say that if he is not released as part of this application, his chances of surviving in prison are rather low,” one of his lawyers, Barry Kamins, told Judge Angela Mazzarelli during a virtual hearing in the Appellate Division First Department.
Joe Biden’s town hall drew more
TV viewers than Trump’s, early
ratings show
28 replies
Posted by viola 10/16/2020 5:25:02 PM Post Reply

Joe Biden’s town hall drew more TV viewers than President Trump’s competing event on Thursday night, according to early figures. An average of 13.9 million viewers tuned in to ABC to watch Biden field questions from voters from 8 p.m. to 9 p.m., compared to 13.1 million who watched Trump do the same on NBC, MSNBC and CNBC, initial Nielsen ratings show, according to the Wrap.  Correction*

Buckle up: Hunter Biden laptop
scandal may be about to
get a whole lot worse
27 replies
Posted by Magnante 10/16/2020 7:40:28 AM Post Reply
Facebook and Twitter sacrificed the final shreds of their integrity to try to censor the N.Y. Post article revealing the existence of Hunter Biden's laptop. But in their rush to throw themselves in the path of the bullet to save Joe, there was a big problem. They forgot that Rudy Giuliani has the evidence. The N.Y. Post article was an exclusive. That means all "fact checkers" that Facebook and Twitter will unleash to fact-check the article will be based on speculation, not fact. Because they don't have the laptop. And, judging from a new video from Giuliani, things may be about to explode
NBC repositioned ‘nodding lady’
Mayra Joli behind President
during town hall without
realizing she supports him
26 replies
Posted by clayusmcret 10/17/2020 12:20:58 PM Post Reply
Arguably the biggest sensation to come out of the debacle of a town hall NBC had with President Trump was the so-called “nodding lady.” Positioned directly behind the President’s left shoulder for one of the most widely used camera angles, she was applauded by some and attacked by others for nodding her head and displaying thumbs up in agreement when the President answered many of the attack questions posed to him by Savannah Guthrie. But she wasn’t originally positioned there. Before the town hall began, a Caucasian lady was originally positioned there.
FBI probing if Russia involved in
Hunter Biden email story
25 replies
Posted by Imright 10/16/2020 4:48:31 PM Post Reply
WASHINGTON— The FBI is investigating whether emails that were published by the New York Post related to Joe Biden’s son, Hunter, are connected to a possible Russian influence operation to spread disinformation, according to a person familiar with the matter. The newspaper said in its story Wednesday that it had obtained a hard drive from Rudy Giuliani containing the emails, and that the messages were found on a laptop that had been left last year at a Delaware computer repair shop for service but never retrieved. The unlikely account of how the emails surfaced raised immediate questions about Russian involvement, particularly because U.S. officials have warned that Russia —
The Topics for the Final Presidential
Debate Have Been Announced
24 replies
Posted by Imright 10/17/2020 12:02:20 PM Post Reply
The topics for next week’s final presidential debate between President Donald Trump and Democratic presidential nominee Joe Biden have been released.Trump and Biden, as of now, are expected to meet Thursday at Belmont University in Nashville, Tennessee.The currently embattled Commission on Presidential Debates announced Friday that the candidates will discuss leadership, the coronavirus pandemic, issues of race, families, national security and climate change.(Tweet) Kristen Welker of NBC News, the moderator of the 90-minute debate, selected the topics.The debate commission called off the second debate after the supposedly nonpartisan body unilaterally decided to make the forum virtual.
Post New Article