Remington filed for bankruptcy

Manufacturer weapons Remington Outdoor Co (USA) filed a lawsuit for bankruptcy, reports Interfax message of the newspaper The Wall Street Journal.

It is noted that gunsmiths announced the impending bankruptcy as early as mid-February. Earlier this month, representatives of the company reported that "the date of going to court for protection against creditors was postponed from March 7 to March 14."

As expected, “the restructuring in the bankruptcy process will allow Remington to reduce the amount of debt by about $ 700 million, and also to increase the capital of a number of divisions by $ 145 million,” the newspaper writes.

The publication reminds that the company Remington, “which for its 200-year-old history supplied weapons to the fields of the civil war in the United States and both World Wars; today it is owned by investment firm Cerberus Capital Management. However, according to journalists, after the completion of the restructuring, the investment firm will no longer own the arms manufacturer.

Comments

[Labrador]

The Chinese will buy if they are given it.

[vkl.47]

World brand. Yes, with such a history ... everything has its beginning and its end.

[Vard]

There is nothing holy ... to ditch such a brand ... This must be managed ...

[bouncyhunter]

Quote: Vard

There is nothing holy ... to ditch such a brand ... This must be managed ...

Nothing will be done to him. Lenders will receive about 25 cents on every dollar of debt as a result of the restructuring and Remington will cheerfully continue to rivet weapons.

[Solomon Kane]

"Remington" is not relevant, Buddy!
Now the Kalash, the weapon of the tsars and the proletariat, is much more in demand ...

[bouncyhunter]

Kostik To each according to his tastes and habits. In the United States, there are enough patriots who buy only goods from American brands (without thinking at all who this brand belongs to).

[Pax tecum]

There is nothing holy ... to ditch such a brand ... This must be managed ...

It's okay, there are really strong brands. Kalashnikov, for example.
In the USA, they (the brand) will be owned by the Americans, and they know what competition is. And they know what Soviet / Russian weapons are and their popularity, price, quality.
Since Kalashnikov’s entry into the US civilian arms market, the days of some local companies have already been numbered ... Remember how the American business tried to squeeze Russian weapons out of its markets?

Remington, “which, in its 200-year history, has supplied weapons to the fields of the American Civil War and both World Wars”

Which side of the supply were there, or all at once? In the best American traditions ...

[LASVEGAS]

No need to deceive yourself, the name is a little expensive, and Kalashnikova and Remington.

[Pax tecum]

Remington's products are expensive, not the name.
Here is Kalashnikov - Name! Price-quality at height, wins in all respects. The line of samples is only increasing. The name is created in the world history of wars. And, not least, in the price of ammunition with decent quality.
Do not forget this key, in fact, weapon parameter.

[Normal ok]

Quote: Pax tecum

Remington's products are expensive, not the name.

If only googled prices in hunting stores before writing nonsense. Remington sells quite budget pumps.

[uav80]

Quote: Pax tecum

It's okay, there are really strong brands. Kalashnikov, for example.
In the USA, it (the brand) will be owned by the Americans, and they know what competition is. And they know what Soviet / Russian weapons are and their popularity, price, quality ..

Here the question is, who will let Kalashnikov enter the US markets, the sanctions introduced in 2014 are working to the fullest, not one company engaged in the import of Russian weapons to the United States has tamed its existence due to the fact that they were simply banned from importing weapons and there was nothing to trade. The same Hammer quite successfully traded its Boars and VPO before the sanctions, and Kalashnikov with its Saiga and MR also lost the market. Previously, the restriction was only on the import of "fenced" weapons, because we are subject to the Chernomyrdin-Gore agreement, in which there is a ban on the import of a Russian / Soviet rifle into the United States, and into Russia, respectively, an American one, which was on the balance sheet of the Ministry of Defense and subsequently restricted, it could only get through third countries and often in the form of a cut. ..

[Pax tecum]

Do not import. I am talking about production. Full line. Produced under the Kalashnikov brand in the United States. Ah, these are completely different volumes. Ammunition here, we can import. An order of magnitude cheaper than local ones with the same quality.

[Tsoy]

Quote: Pax tecum

Much cheaper local with the same quality.

Tulammo of the same quality?

[Pax tecum]

It is extremely incorrect to ask such questions, in my opinion.
Are you a military or civilian consumer of ammunition? Rather, civilian, judging by the comment.
First, why did you name only one manufacturer? From memory, I can tell you only a dozen, not counting the last line in Ulyanovsk.
Secondly, products for export have their own quality standard.
Thirdly, the products for the domestic civilian market are very different from the military, and the point is not only in the core for the rifled.
Fourth, what do you mean by "Tulammo"? Specific ammunition, caliber or the whole of Tula Cartridge Plant OJSC? Price, quality or what? Where does this bias come from? There are claims - use others, the benefit of the competition in this matter is at the proper level.
Fifth, for example, you can safely calculate when and for how many units of ammunition / shots, their cost will be equal to the cost of the weapon itself.

[Tsoy]

Quote: Pax tecum

Secondly, products for export have their own quality standard.

So Tulammo just from export I tried. In the United States there are not so many export cartridges, there are enough of their manufacturers. And just Tulammo is extremely widely represented in the American market. Cheap but not angry.

Fourth, what do you mean by "Tulammo"? Specific ammunition, caliber or the whole of Tula Cartridge Plant OJSC? Price, quality or what? Where does this bias come from? There are claims - use others, the benefit of the competition in this matter is at the proper level.

As above he has already written cheap and this is his only plus. Only with him there were problems in both 7,62 and. 223. While Barnaul is also being done in the Russian Federation, there have never been any problems with it.

[K.A.S.]

So what? The usual news is that only in our country they throw a hysterics out of bankruptcy and demand to change the president and start a revolution!

[Wolka]

but this is tantamount to making our Kalashnikov bankrupt, will the Yankees with such ease give up their national arms brand to be torn apart ... I don't believe

[Simargl]

today owned by the investment firm Cerberus Capital Management. However, according to journalists, after the completion of the restructuring, the investment firm will no longer own the arms manufacturer.

Quote: Volka

will the Yankees so easily give up their national arms brand to be torn apart ... I don't believe

On the contrary! Most likely - they will nationalize!

[APASUS]

It's strange, like Remington made new sniper rifles for the US Army. They entered service with the troops in Afghanistan. As part of the agreement, the company must upgrade 2,5 M24 sniper rifles to the XM2010 version for the US Army, and the document itself allows the company to release or modernize 3,6 rifles in the next five years. Of course, this is not a lot of that kind of money, but quite real.

[earloop]

For those who have: "hawkeye". a strong hand, a crooked nose and a ... club, any brand is good!