Remington Tentative Breakup Winners Announced
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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 Ruger, Vista Outdoor, Roundhill Group, LLC, Sierra Bullets, Sportsman’s Warehouse, Franklin 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. We’ll keep you posted as more of this story develops.
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