Bankrupt Remington Sold Off: Here Are The Winners

In case you missed it, Remington is dead. Like… super dead. This time for real.

Back in July Remington filed for bankruptcy…. Again.

99 poor meme
Remington like… every year it seems.

Yesterday it was announced that Remington Outdoors Co. will be purchased by seven buyers–each taking a different piece or pieces of the once-great American firearms manufacture.

But what does that mean going forward? Is this good news for the average gun-owner or bad?

Let’s take a look at who got what piece of the carcass and see if we can’t draw some conclusions.

Remington Logo
RIP: 1816-2020?

SOLD!

The winners are, pending final court approval but I would be shocked if there were any take-backs:

  • Vista Outdoor Inc. bought the Lonoke based ammunitions business and other IP assets
  • Roundhill Group LLC bought everything firearms that is non-Marlin
  • Sierra Bullets LLC bought Barnes ammunitions 
  • Sturm, Ruger, & Co. bought Marlin firearms
  • JJE Capital Holdings LLC won DPMS, H&R, Stormlake, AAC and Parker brands
  • Franklin Armory Holdings Inc. won Bushmaster brand and some related assets
  • Sportsman’s Warehouse Inc. won the Tapco brands

So that’s a nice list–but we need to take a closer look at each one to really get an idea of what it means.

bidding
Anyone else disappointed they didn’t live auction it all off?

Vista Outdoor Inc. Buys Remington Ammunition

If you don’t know who Vista Outdoors is, they are the guys that own almost everything. Bushnell, RCBS, Hoppes #9, Federal, CCI, Speer, Blazer, M-Pro 7, Camelbak, and a dozen other brands all fall under the Vista banner.

vista outdoors logo

And now we can add Remington Ammo to that list.

While I haven’t seen anything detailing what “other IP assets” means, it’s likely just some brand names and trademarks.

I like this buy, personally. Remington ammo like their UMC line is about the only Remington product I’ve bought in the last 10 years. It’s decent ammo, it’s cheap, and it goes bang.

Vista Outdoors owns a bunch of other ammo brands so one more is one less layer of diversity, but maybe we’ll see some more ammo on the market soon.

Roundhill Group LLC Buys Non-Marlin Firearms and a Steam Plant Parcel

This is the only non-firearms industry company to win a bid. From the digging I did, they are a property investment firm out of Virginia.

remington arms factory

Reading up about them, I’m surprised they even entered this cat fight.

From what I can tell, they are almost exactly what they say they are–a firm that invests in real estate. 

They bought the Remington gun factory that builds the once legendary 870 and other shotguns, a handgun barrel factory, and a steam plant parcel.

Honestly, I don’t know what to make of this and I’m all sorts of confused. This seems like a strange buy for the firm, but from the sound of it, they plan on keeping the plants open–great news for the employees.

The president of the United Mine Workers of America, who for reasons I don’t know is the union representing the workers of the Remington plant in Ilion, has said that they have been in talks with Roundhill about the collective bargaining agreement at the factory and that the plant will remain open even after the sale.

United Mine Workers of America

I hope it works out, and I hope we get good shotguns from Remington again. But I’m wary about this one.

Sierra Bullets Buys Barnes Ammunitions

This is some news I really like! Sierra has long been one of the best manufacturers for great precision rounds, both match grade and for hunting.

sierra

Barnes is another huge player in both worlds. My greatest hope is that with their powers and IPs combined, we’ll see some huge changes in bullet technology.

Of anyone that could have bought Barnes, I’m glad it was Sierra.

That said–it also wouldn’t surprise me if Sierra decided to buy Barnes with the express goal of canning the whole brand and absorbing the assets. From a purely business standpoint, that seems like a great plan if you just want to make a big pile of money.

Sturm, Ruger, & Co Bought Marlin

Everyone knows who Ruger is. The 10/22, the Ruger Precision Rifle, and recently the Wangler are all amazing products brought to us by Ruger.

A pair of Ruger Wranglers
A pair of Ruger Wranglers

The idea of them owning Marlin should be awesome news for all of us.

Right now if you want a lever-action rifle your main choices are Marlin, Winchester (if you can find one), Henry, Italian-based companies doing reproductions like Uberti, or some very questionable Rossi rifles out of Brazil.

Marlin has been in the lever-action game for a long, long time–but under Remington ownership, the quality has declined sharply.

Marlin .45-70 angled
A little side-by-side look at an older Marlin Model 1895 in .45-70 Gov’t and the new Dark Series version.

Ruger with their talent for great quality control and reasonable prices could bring new life to Marlin–either under the Marlin name or as Ruger producing their own branded lever-gats.

Either way, I’m excited!

JJE Capital Holdings LLC Buys DPMS, H&R, Storm-Lake, AAC, and Parker

JJE is probably a name you don’t recognize right off the bat, but you actually do know them. JJE is the parent company of Palmetto State Armory.

While JJE wanted to buy the Remington ammunition division, it looks like they lost to Vista Outdoors.

DPMS

Stripped and sold for parts basically right before Remington announced their bankruptcy in July, so I expect that is more of a branding buy than anything.

Harrington & Richardson 

Makers of single-shot rifles and shotguns. I guess we might see a line of budget single-shot firearms from PSA in the next few years? 

Storm-Lake

A handgun barrel manufacturing brand. I don’t know if PSA is building their own handgun barrels in-house for the PSA Dagger, but if they aren’t then this makes perfect sense to buy.

PSA Dagger
PSA Dagger, SHOT Show 2020

Even if they are already doing the Dagger’s barrels in-house, buying another plant will open up even more options for them down the road. Hopefully, this means we’ll see even more handguns from PSA.

Advanced Armament Corporation 

This is an interesting buy. I would love to see a line of PSA suppress come to the market. With their ability to make economical options for the masses, I think this could be very beneficial to the people.

Parker Brands

Are they even a thing anymore? This name set off the history dork in me and after double-checking, I think this is referring to the Parker Bros. shotgun line.

Parker Bros Rock Island
Parker Brothers .410 Bore Shotgun sold for $46,000 at Rock Island Auction in 2019

Remington bought Parker Bros. in 1934, but it went defunct in 1942. In 2006 Remington brought back the Parker Gun for a hot minute as a publicity stunt. 

Way back in the day these were the cool guy shotguns and were wielded by Annie Oakley, Frank Bulter, and other legendary badasses. Today, original Parker shotguns sell on the low-end for at least 1 or 2 grand and on the high-end for as much as $75,000.

I don’t really know how to feel about it. Maybe JJE got it as a package deal, buy 4 brands get 1 free? I really don’t think we’ll see them or PSA try to revive the Parker Brothers legacy, but PSA has dived into some strange waters before so… maybe. 

Franklin Armory Holdings Inc. Buys Bushmaster

Ah… Bushmaster. Much like DPMS, Bushmaster was basically stripped and sold for parts not long ago. Once upon a time, Bushmaster made a solid line of AR-15s.

Franklin Armory Logo

Maybe Franklin bought them for the name, maybe they got some manufacturing bits out of it, we’re not sure yet.

Either way–I don’t think this will really change anyone’s day.

Sportsman’s Warehouse Inc. Won Tapco

It’s a match made in heaven if you ask me. If Bubba wants to murder his SKS, he drags it through the Tapco catalog. That just sounds perfect to now be owned by Sportsmans Warehouse.

The two main SKS styles in the United States are the Yugoslavian (top) and Chinese Norinco (bottom) SKS
Yugoslavian (top) and Chinese Norinco (bottom) SKS–NO Tapco!

I expect this means we’ll see Tapco parts and accessories making a comeback soon. Maybe even get an expansion under new ownership.

Is this bad? Is this good? Eh… really too soon to tell. Tapco never made outstanding products, but they weren’t bad either. 

Honorable Mentions

To me this part is interesting also, but here are some brands that didn’t win the auction. Now maybe they were just in it to see if they could get something on the cheap or to drive the price up for the competition, but it’s interesting either way.

Sig Sauer

The backup winner for the Remington ammunition plants is Sig!

MG338 Sig
Sig Sauer MG338 in .338 Norma Mag currently being tested by the USSOCOM

Sig already makes some very nice ammo, but with their attempts to score some US military contracts for things like .277 Fury adoption — it makes sense that they’re shopping for more manufacturing capabilities. 

Barnes Ammunition Business

I can’t confirm this, but it looks like Barnes tried to buy itself. Not uncommon, and it’s a little sad that they weren’t able to.

Century Arms

Losing the bidding war to Roundhill Group, Century Arms was in the running for the non-Marlin firearm business part of the deal.

Long Range Acquisition LLC

This is the investment firm that in 2019 bought Savage Arms from Vista Outdoors. It seems they also wanted to buy Marlin but lost to Sturm, Ruger & Co.

Savage 11/111
Savage 11/111

After spending $170 million dollars to buy Savage last year, you got to wonder just how flush with cash they are to try and bid on Marlin now.

Parting Shots

As much as we might not like it, Remington has been in the gutter for years. Quality-control problems, rust problems, bankruptcy after bankruptcy, and the Bushmaster-Sandy Hook lawsuit.

This once-great American brand was killed off by accountants and investors that cared only for the dollar and not the customer.

My hope is that with these brands under new ownership, we’ll finally see the innovation they deserve and the quality we demand return to each branch.

Maybe we’ll even see something totally different like a new line of Parker Bros shotguns or Ruger lever-action rifles. Only time will tell.

What do you think of the sell-off? Let us know in the comments!

The Best Gun Deals, Coupons and Finds

Subscribe to Pew Pew Tactical's sales and deals email.

54 Leave a Reply

  • Steve Zimmerman

    Vista getting Remington's ammunition manufacturing is a bad deal for the consumers since it creates a monopoly, they already have Federal and CCI, and with less competition, we could have prices increase. It also has National Security implications. The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. You don't put all your eggs into one basket!

    1 month ago
  • Harry McMerkin

    Ugh! I've had a AAC Blackout Flash Hider, 5.56mm, 56T - 1/2-28 on back order for months. I kept hoping that they would get some more out to the market. I wonder how long I'll have to wait before things start appearing at PSA? No fun if I can't attach the can to the barrel.

    2 months ago
    • ryan

      What does this mean for the warranty on the AAC products? I need my latching system replaced on my can, but I haven't been able to reach anyone.

      2 months ago
  • Texas Christian

    FTR... Author... it was auctioned off live... over the course of many days

    3 months ago
  • Dr Duke

    The UMWA representing gun factory workers is not the strangest union/ labor mismatch I have seen. A Norge/Magic Chef/Maytag/Whirlpool (They may have closed before Whirlpool bought Maytag, I'm not sure)plant in my area was represented by an aerospace workers union. As far as I know, none of their washers, driers or ranges could fly. When Lionel toy trains were made in MIchigan the workers were represented by the United Auto Workers union. Workers at Colt are also represented by the UAW. So if you make cars, tractors, forklifts, construction equipment,guns or toy trains you could all be in the same union. Makes a lot of sense.

    3 months ago
    • Mark Kenward

      When people want representation, they contact many unions that represent others in their area. Generally they chose a local union who has a good reputation for doing what they say they will do. I was with International Union of Operating Engineers in Michigan and we represented custodians, secretaries, nurses, police in addition to maintenance people and Stationary Operating Engineers. I am sure I missed some occupations. This is not uncommon, and the unit has to have a vote to be certified and to be represented.

      2 weeks ago
    • Nathan

      It makes even less sense than that - United Auto Workers also represents graduate student teaching assistants at some universities.

      1 month ago
  • Thomas Morehouse

    Jim, as a former employee I can tell you that all of the above are true. When I was there the motto was quantity not quality i knew when I was there this day was coming sooner than later. To bad!

    3 months ago
  • Troy Lawson

    Don't know hard to say. I did pick up a very nice DPMS A2 Classic with heavy barrel, for cheap a few years back. Hope I can pick up uppers and lowers and whatnot. Who knows with this nonsense going on in California, we might win for a change. I have been happy of late because I did get my permit. I am limited to three, but hope that all changes soon. I think we should have the same things no matter where we live.

    3 months ago
  • Doug

    Where did Remington’s newer factory that builds the 783 go?

    3 months ago
  • joe

    Roundhill, wonder what will happen there. Will the Remington 700 and 870 be rejuvenated? Marlin to Ruger is a good move, they are great with legacy products/IP.

    3 months ago
  • Hilton G Staggs

    Had to be total management failure, with a lack of a long term plan of recovery from earlier mistakes. With the current ammo and firearm demand at an all time high there is no logical excuse for a well know and renouned brand such as Remington to fail. I've bought their products since I was a kid, and I'm now 77, and I stil have some of their classic guns. Let's hope some of the companies that purchased parts of the company are going to restore the Remington name, and not just continue the process of bleeding the name dry for profits.

    3 months ago
  • SASI

    Guess the 35 Remington made in 1938, that I bought it in 1962 and my falling block 22 rifle model 4 made in 1913 now have a special place in the safe

    3 months ago
  • Stu

    As long as they make lot's more V3-TAC13's I'll be happy

    3 months ago
  • Southern Boy

    Sadly, Remington isn’t what it once was. Bought a 1100 back in the late 60’s. I have fired 100’s if not thousands of rounds through it and never, never a misfire. Still have it. Just don’t shoot as much these days.

    3 months ago
  • Roland c Arsenault

    I like the ruger marlin deal. Hopeful we'll see some good come out of it. Like both brands but Ruger is my company.

    3 months ago
  • Scott

    Maybe Tapco will be revived and we’ll see some new G2 AK triggers. Best thing Tapco ever made.

    3 months ago
  • Jordan

    i'm very interested to see what comes of the Remington 870. I love my 870 but there is no denying that the quality has gone down on the newer firearms when compared to older versions. Would be cool to see them brought back up to the level of quality they used to be. Hopefully this new company continues to make them.

    3 months ago
  • Doug McElwain

    Does one of the acquisitions include Remington rifles or is that line now gone? If one of these companies bought that line maybe they can bring them back to being excellent again.

    3 months ago
  • Len C

    Sorry not sorry that Remington is finished. Tried several of their products over the years and came to dislike them almost immediately. Finally refused to even consider them regardless of the price.

    3 months ago
  • Jim Craner

    WHY? Is the fate of Remington Arms a product of an outdated business model, mismanagement, labor union stress, over-regulation by federal, state and local government, bad marketing, or all of the above? Any insiders or former employees out there?

    3 months ago
  • Joel Cochran

    Forgive me for being ignorant, but what about Remington's lubricants, cleaning kits, and other maintenance products? Will Rem Oil be discontinued? Thank you.

    3 months ago
  • KO

    I realize this has been in the works for a long time, but since late Feb we've been in the potentially most lucrative time in history for the firearms related industry...if they'd have gone all in on production (especially on ammo) while gouging at even half of what most sources are doing, they probly could have resurrected themselves by using the absurd profits to bring quality across all product lines up to old-school Remmington levels. The election consequences make the ramp-up investment a no-brainer...Biden wins and the ban threat will grow exponentially, driving sales. Trump wins, and the riots grow exponentially, driving even more non-gun owners to face the reality of, and purchase in preparation for, violence at their door. As usual though, once the owners and executives sniff out a leak in the hull, it's every rat for themselves. The cash out and dash out option has destroyed many a company and family name. That being said, I'll always fondly remember the Remmington pump .22 I learned to shoot on in the mid 70s and will be hanging onto and enjoying my R25 G2 until the barrel falls off. (assuming I can get ammo for it)

    3 months ago
  • Wind_of_pain

    I’d really like to see someone resurrect the ACR and do it some justice. So many good things about that platform that could have been leveraged by a company willing to follow through with the product that the market actually wanted. I love my ACR, and packing it around has made me a much stronger man. Lol

    3 months ago
  • Phil Neichoy

    This is hard to believe, wow, the best bolt action the average hunter could afford now history. Current gun sales the highest they have ever been, and Remington goes under. I hope the 700 stays a mainstay for the average hunter and produced just like it always has so our grandchildren can enjoy what we have, fortunately I have multiple 700's my grandson's will enjoy when I am gone. Thank you Remington.

    3 months ago
  • Scott Michael Beverly

    Hopefully the winners will bring back some of the brands that have fallen by the way side, especially the H&R long guns. Palmetto has always offered good products at a reasonable price, I just hope they haven't bit off more than they can chew.

    3 months ago
  • Brian Kowalski

    I think the Ruger/Marlin combination could be good for the Marlin line. I know Remlin took a while to get the Marlin line up and running with some better products finally coming out but significant damage to the brand was already done with the first shoddy products. As far as the Roundhill Group running the Remington line - this could go either way. These guys could be gun guys with some background in manufacturing and want to make it work or they just want to disassemble it further for the value of the parts (real estate) if they got it for very short money.

    3 months ago
    • Dave

      We have to think back to the Harley Davidson fiasco back in the days when they almost completely with the AMC buy-in. I dang near killed HD but they rose again from the dung-heap and have been doing great. Maybe Marlin could follow HD’ strategic climb out of the dung-heap strategy and do likewise. Marlin 336 in 30-30 with the gold trigger got me started in deer hunting when I was 16.

      3 months ago
      • Steve

        AMF owned HD

        3 months ago
  • GaryMak

    A nice add-on to this would be putting a business analysis on this. Something like, "In the Midst of the greatest ammo and gun shortage in half a century, Remington goes bankrupt" or "How a legendary arms and ammo manufacturing company couldn't figure out how to make a profit in the midst of the greatest ammo and gun shortage in half a century." Something like that. It would be really interesting to read from a BizAnalytics perspective.

    3 months ago
  • David Boerboom

    I think you should have spoken Para's name, even if it did die nearly a decade ago....with the assets being asorbed. I'd like to see it resurrected. Maybe it was part of some of that first "IP" you discussed...

    3 months ago
  • LazrBeam

    I’ve got Rossi lever guns and have found them to be dependable, reliable, accurate, and, being lever guns, just a hoot to shoot.

    3 months ago
  • Marcus Aurelius Tarkus

    I feel extra fortunate to have acquired, last year, a new Remington 1911-A1 (WWII GI-style reproduction). It's high-quality, shoots great and the deal I got was fantastic. I have long been a confident consumer of Remington ammo, as well. In fact, one of the best ammo deals I got online very recently was Remington 9mm. The price was well below the scarcity-highs that are currently typical. Alas, all those deals are probably history.

    3 months ago
    • David Boerboom

      That wasn't a Remington. It was 'actually' a Para•Ordnance.....And I wish they'd bring the nameplate back.

      3 months ago
      • Marcus Aurelius Tarkus

        Your 411 taken under advisement. Thanks.

        3 months ago
  • Marcus Poulin

    Remington has went through many Owners such as Stren, Cerberus Capital Management, and many Others. And Still Manufactures their Fine Shotguns & Rifles. I am Sure they will for another 50 Years. Just Hope the Custom Gun Shop can make me a Fine Grade 11-87 SPS.

    3 months ago
  • Paul Deahl

    As Americans we should be outraged that Remington was allowed to be sued for Sandy Hook! When you get hit by a drunk driver you don’t go after GM. It’s a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. Remington had it problems with quality due to corporate greed but they didn’t deserve this. Now the precedent has been set. Who’s next, Ruger, Winchester, maybe Colt? This is a huge deal that needs to be dealt with head on. We need to research and remember the politicians involved that got that lawsuit pushed through and vote them out. In fact, as voters, we should vote as if term limits existed. We don’t need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer.

    3 months ago
    • Lou Mencken

      As much as I dislike many politicians, they can't be blamed for this. The Republican Congress actually passed a law intended to prevent lawsuits against manufacturers by victims of criminals like the Sandy Hook murderer. The problem is that intellectually corrupt leftist judges invented out of whole cloth a tortured rationale to allow the suit to proceed in spite of the law. However, I suspect the lawyers and plaintiffs in the lawsuit will get nothing from the bankruptcy sale. This is speculation on my part, but there are probably too many secured creditors that are owed too much to leave anything for an unliquidated, unsecured tort claim.

      3 months ago
    • Marcus Poulin

      Totally Agreed Paul.

      3 months ago
    • John Brennan

      I am curious to see how things play out. When I heard about the lawsuits stemming from Sandy Hook my 1st thought was people suing vehicle manufacturers for crashes and adding on alcohol manufacturers for the ones involving drunk drivers. There is a long list of potential law suits.

      3 months ago
      • Texas Christian

        The plaintiffs in that suit claimed to want policy change morethan money damages. Remington offered to bury the Bushmaster patent andname rights. Plaintiffs declined.

        3 months ago
      • David Boerboom

        Almost infinite.

        3 months ago
        • KO

          Salt manufacturers for high blood pressure? Needle makers for heroin ODs? Refineries for arson victims? The logic is so bad it hurts.

          3 months ago
    • JG

      Much more of that to come if Biden wins.

      3 months ago
  • Jay Salyer

    I wonder what will happen with their stable of shooters.

    3 months ago
  • Tom G

    I think the whole thing sucks, totally. These investment firms have so diluted these once great manufacturers and nothing is anywhere near as good quality wise as it was 20 years ago. These brands names mean almost nothing anymore. And I am still pissed that Bill Ruger was pro assault weapons ban back during the Clinton years, Ruger is still dead to me.

    3 months ago
    • John

      Maybe you should view the AR-556 as Ruger's act of contrition.

      3 months ago
    • Tatman21

      I wasn't happy with Ruger for a long time because of that. However, I was later told that was a specific-to-Bill-Ruger thing, and that the company was completely different after he was gone. Which is why they've gone full in on things Bill Ruger shunned, such as the AR15. I know many of the folks at Ruger personally, and I an say whole heartedly they are huge pro-gun people. I strongly believe they would never support the AWB if it happened now.

      3 months ago
    • David Boerboom

      Maybe that was so he could sell more minis.

      3 months ago
    • Charlie

      +1, though I will probably still buy a Blackhawk someday...

      3 months ago
    • Marcus Poulin

      Agreed about Bill Ruger. What did He think He would Gain by Being a Sell Out?

      3 months ago
  • Yi

    Thank god, Ruger got Marlin, now I can finally have enough confidence to buy a brand new Marlin!

    3 months ago
  • Shepherd of Fire

    R.I.P., Remington. I feel like 2020 is what we all thought the year 2000 was gonna be

    3 months ago
    • David Boerboom

      Wow. I think you just hit the distinction nail on the head

      3 months ago
New to Guns ? Check out our beginners guns video course. Start Now