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

springfield armory kuna
springfield armory kuna

Springfield Kuna: A PDW For The Masses

Small, yet fierce, the namesake of Springfield Armory’s latest large-format pistol is a revered forest dweller in the land of its Croatian manufacturing partner, HS Produkt. The new Kuna is poised to be just as welcome in America.

The Armed Citizen® June 30, 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.

Book Review: Clockwork Basilisk: The Early Revolvers Of Elisha Collier & Artemas Wheeler

The result of a decade of research, Clockwork Basilisk is a comprehensive, two-volume history of the rare revolvers that preceded the development of the well-known Colt guns of the 1830s.

Preview: 1791 Gunleather Cobra Gun Belt 01

Employing the same rugged and rigid 0.25"-thick American steerhide as 1791 Gunleather’s original Gun Belt 01, the new Cobra Gun Belt 01 offers enhanced ease of use by taking advantage of a high-strength Cobra quick-latch/release buckle.

NRA CEO Hamlin and President Bachenberg Hold First Virtual Townhall

In the interests of transparency, NRA CEO and EVP Doug Hamlin and NRA President Bill Bachenberg held a live Townhall event, where both answered direct questions from NRA members.

Benelli Adds New 28-Gauge Models to Super Black Eagle 3 Line

Benelli initially introduced the 28-ga. chambering to its Super Black Eagle 3 line in 2022, but this year, the company added three new models tailored specifically to hunters.

Interests



Get the best of American Rifleman delivered to your inbox.