News|Industry News

Venerated firearms manufacturer Remington Arms has filed for its second bankruptcy in the Northern District of Alabama. As, part of the bankruptcy filings Remington has decided to auction off the company’s assets. Recently, the auction bids have come to light with some interesting results. The sale of Remington assets will surely change the firearms landscape as we know. Potentially, putting some brands into jeopardy on how they will be represented from here on out in the market.

In the bankruptcy filings it shows which assets where sold and to to which company. Remington assets where sold to Ruger, Vista Outdoors, JJE Capital Holdings, LLC, and Sierra Bullets to name a few.

Below are the bids that Remington approved for sale. These sales are not finalized and must be approved by the bankruptcy court before their acquisition.

Remington Bids

PLEASE TAKE FURTHER NOTICE that the Debtors, in consultation with their
professionals and the Bid Consultation Parties, selected the following Successful Bids and Backup
Bids:

Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business;

Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively;

Sierra Bullets, as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business;

Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business;

JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS,H&R, Stormlake, AAC, and Parker brands;

Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and

Sportsman’s Warehouse, Inc. as the Successful Bidder with respect to the Tapcobrand.

The sale of these assets and the insolvency of Remington Arms will have a big effect on the firearms community. We will have to monitor the situation to see how it all plays out.

What do you think about Remington selling it’s assets? Let us know in the comments below.

Thanks For Reading

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