Remington Arms bankruptcy .. again

Discussion in 'Community Center' started by gazz98, Jul 29, 2020.

  1. 22-rimfire

    22-rimfire Gold Member Gold Member

    Nov 20, 2005
    I believe the custom shop went to Woodhill. Not sure how they wangled the stuff they purchased for 13 million $. But there may have been environmental liabilities with the NY plant. Huntsville AL was certainly left holding the bag.
     
    SixtyLion likes this.
  2. The Amazing Virginian

    The Amazing Virginian Gold Member Gold Member

    Feb 24, 2010
    Remington is not different than many other American companies which do not sell arms. They were bought by a private equity firm, which piled massive debt on the company to finance the purchase, and thought they could pay that down by running things more efficiently (i.e., laying off a bunch of employees and/or nonunionizing) and/or raiding the pension fund. When that did not pan out, the people who bought the company pocketed a nice profit and declared bankruptcy. The American Way.
     
  3. SixtyLion

    SixtyLion

    149
    May 6, 2010
    Thank you! I had very pleasant experience with Remington Custom Shop, hopefully they will make it.
     

Share This Page