Fear & Loading: Remington Considering Bankruptcy Protection?

by
posted on February 9, 2018
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
mistrust.jpg

Reuters news service  reported Feb. 8 that, “Remington Outdoor Company Inc … has reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy … .” People allegedly close to the issue, who requested anonymity, were cited as the primary source of the information, although there was no official statement in the story.

An earlier report from Reuters, last month, indicated the company was in negotiations with banking firm Lazard Ltd. to “ … restructure its 950 million debt pile … ” Cerberus Capital—the owner of Remington Outdoor—and the financial institution both declined to comment at the time.

Procuring financial help or securing protection during reorganization isn’t a death sentence, however. Colts Manufacturing, for example, has a  history of rising from situations pundits claim should have spelled its ruin. Its most recent challenge of 2015 seemed ancient history as it unveiled a Custom Competition 1911, Night Cobra Revolver and more during January’s SHOT Show.

Changes in the landscape continue to surface after the 2017 arrival of a “New Norm” in gun and gear sales, which came after many manufacturers invested in machinery and personnel to meet the unprecedented demand in 2015 and 2016. Freedom Munitions, a Lewiston, Idaho-based manufacturer of new and remanufactured ammunition, for example, laid off an unknown number of its staff on Jan. 31. Similar adjustments were made by other firms throughout 2017.

Remington is America’s oldest gunmaker, with a rich history that dates back more than 200 years. Its firearms have served in the hands of our marksmen on the front line of freedom since 1841, a tradition that continues to this day.

The Remington Outdoor family of companies currently includes Remington, Marlin, DPMS Panther Arms, Advanced Armament, Bushmaster, Parker Gun, Harrington & Richardson, Barnes Bullets, Nesika, Storm Lake Barrels, Dakota Arms, Tapco and TimberSmith stocks. Updates will be added as they become available.

Latest

Gotw Heritage 92 Web
Gotw Heritage 92 Web

Gun Of The Week: Heritage Manufacturing 92

American Rifleman staff are on the range with one of the most iconic lever-actions ever created, except this one has a bit of a plot twist—it is a model made overseas and imported by Heritage Manufacturing.

The Armed Citizen® July 25, 2025

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.

Victory In The Air: One Smith & Wesson Victory Revolver's Story

A primary source investigation into the service history of a Smith & Wesson Victory revolver used by the U.S. Navy in the Pacific Theater during World War II.

Firearm Industry Responds To Aid Texas Flood Victims

Only a few days after the tragedy struck, two of the firearm industry’s foremost companies were raising funds for the victims and organizations dedicated to providing support through devastating floods in Texas.

I Have This Old Gun: Woodward .500 Express Double Rifle

Produced by J. Woodward & Sons at the end of the 19th century, this double rifle, chambered for the .500 Express cartridge, was tailor-made for dangerous-game hunting.

New For 2025: Springfield Armory Saint Victor Pistols In 5.56 NATO & 9 mm Luger

Springfield Armory added two new pistol variants to its popular Saint AR-15 lineup, and the new models are chambered for 5.56 NATO and 9 mm Luger, respectively.

Interests



Get the best of American Rifleman delivered to your inbox.