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Remington Breakup Plan Filed

Remington Breakup Plan Filed

Although it won’t be formalized until approved at a hearing scheduled tomorrow (Tuesday, September 29) in the United States Bankruptcy Court for the Northern District of Alabama, the breakup plan for Remington was filed yesterday. Barring something unforeseen, Remington and its associated companies will be divided among RugerVista OutdoorRoundhill Group, LLCSierra BulletsSportsman’s WarehouseFranklin Armory, and JJE Capital. Remington’s Lonoke, Arkansas, ammunition business will go to Vista Outdoor (with SIG Sauer as a backup bid), Sierra Bullets will acquire the Barnes Ammunition interests, Ruger will acquire Marlin, Franklin Armory will assume the Bushmaster brand (and related assets), JJE Capital Holdings will assume DPMS, H&R, Stormlake, AAC, and Parker brands, and Sportsman’s Warehouse will acquire the Tapco brand. Check back at americanhunter.org for any later developments.

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