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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 8:34 am 
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The Sandy Hook families' lawsuit has a billion dollar Sword of Damocles hanging over Remington's corporate head. Who would want to buy a company under such conditions?




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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 8:48 am 
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lossking wrote:
The Sandy Hook families' lawsuit has a billion dollar Sword of Damocles hanging over Remington's corporate head. Who would want to buy a company under such conditions?


Yeah, Lanza shoots himself and now the liberals push the victims' families to blame and sue the Remington-made gun for the killings. Here's my question; Can we sue Apple and Samsung for all the needless head-on collisions via moronic motorists that text while driving? Yeah, it's all BS! This crap just makes my blood boil!

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 8:59 am 
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torybird wrote:
lossking wrote:
The Sandy Hook families' lawsuit has a billion dollar Sword of Damocles hanging over Remington's corporate head. Who would want to buy a company under such conditions?


Yeah, Lanza shoots himself and now the liberals push the victims' families to blame and sue the Remington-made gun for the killings. Here's my question; Can we sue Apple and Samsung for all the needless head-on collisions via moronic motorists that text while driving? Yeah, it's all BS! This crap just makes my blood boil!


Yes, in spite of the Protection of Lawful Commerce in Arms Act and the fact that Lanza murdered his own mother to gain access to the gun. It's outrageous that the Connecticut Supreme Court found a way to let the suit proceed, and unfortunate that the U.S. Supreme Court has no say so until the Connecticut suit is adjudicated. All the while, it hangs over Remington's head, costing hundreds of thousands of dollars in defense costs.

https://en.wikipedia.org/wiki/Protectio ... n_Arms_Act


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 9:29 am 
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Location: Western Tampa, FL
I know these things in regard to Remington's future.

A) A bankruptcy sale with concomitant auction will probably bring some different players into the ownership and with their own agenda.
B) Anything I provide is strictly uninformed speculation.
C) Although I would love for an old line American company going back to 1816 to survive and prosper, I don't have any control over what happens.
D) For those reasons I am going to sit back and wait for a more definitive outcome because I think anything else is "mental masturbation".

I DO wish them good luck!


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 2:30 pm 
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Joined: Thu Oct 17, 2013 10:56 am
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Tidefanatic wrote:
So....you guys don`t like the pistol and some of the rifle ammo. Fair enough. How about the guns and other products? Anything redeemable there or do we just hope Remington fades away into oblivion? Just askin`!


The Remington ammo plant is about 2 hours away from me. I have friends who wok there.

Their guns aren't what they used to be.

So no, I don't hope they fade away. I hope that a competent management company comes in, takes over, and turns things around.

Companies have ups and downs. Some survive, some don't. I 1000000% hope that Remington can turn things around and survive as a company, but if the quality isn't there, does it matter if the company survives or not?

Anyone here familiar with High Standard? Old ones were great guns. The newer ones were borderline crap. The company has been sold and bought, sold and bought, several times now. In it's latest rendition, things look promising.

I hope the same happens with Remington.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 4:19 pm 
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Jeepwm69 wrote:
Tidefanatic wrote:
So....you guys don`t like the pistol and some of the rifle ammo. Fair enough. How about the guns and other products? Anything redeemable there or do we just hope Remington fades away into oblivion? Just askin`!


The Remington ammo plant is about 2 hours away from me. I have friends who wok there.

Their guns aren't what they used to be.

So no, I don't hope they fade away. I hope that a competent management company comes in, takes over, and turns things around.

Companies have ups and downs. Some survive, some don't. I 1000000% hope that Remington can turn things around and survive as a company, but if the quality isn't there, does it matter if the company survives or not?

Anyone here familiar with High Standard? Old ones were great guns. The newer ones were borderline crap. The company has been sold and bought, sold and bought, several times now. In it's latest rendition, things look promising.

I hope the same happens with Remington.


That`s a rather broad, sweeping statement of an opinion that would not be universally shared, I think. You would likely encounter those who are of the opinion that even through all of the travails Remington has encountered, their flagship, classic guns ( the Wingmaster and 1100 ) are as good as they've ever been. I, for one, am comfortable in stating that while I`ve not owned and used my V3 walnut to the extent I did my 1983 1100, it`s given me every reason to think that it will prove to be just as reliable and serviceable. Why, even my 2015 870 Express has surpassed my expectations so far!

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 7:52 pm 
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Does Remington no longer make the M700? I'd certainly include it in the list of 'Flagship' guns.

If it's no longer made, I'd like to know why.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 8:12 pm 
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They sure do.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Wed Aug 05, 2020 8:36 pm 
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Zbigniew wrote:
Does Remington no longer make the M700? I'd certainly include it in the list of 'Flagship' guns.

If it's no longer made, I'd like to know why.


I was just thinking shotguns. The 700 would certainly qualify.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Thu Aug 06, 2020 11:15 am 
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Joined: Thu Oct 17, 2013 10:56 am
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Tidefanatic wrote:
Jeepwm69 wrote:
Tidefanatic wrote:
So....you guys don`t like the pistol and some of the rifle ammo. Fair enough. How about the guns and other products? Anything redeemable there or do we just hope Remington fades away into oblivion? Just askin`!


The Remington ammo plant is about 2 hours away from me. I have friends who wok there.

Their guns aren't what they used to be.

So no, I don't hope they fade away. I hope that a competent management company comes in, takes over, and turns things around.

Companies have ups and downs. Some survive, some don't. I 1000000% hope that Remington can turn things around and survive as a company, but if the quality isn't there, does it matter if the company survives or not?

Anyone here familiar with High Standard? Old ones were great guns. The newer ones were borderline crap. The company has been sold and bought, sold and bought, several times now. In it's latest rendition, things look promising.

I hope the same happens with Remington.


That`s a rather broad, sweeping statement of an opinion that would not be universally shared, I think. You would likely encounter those who are of the opinion that even through all of the travails Remington has encountered, their flagship, classic guns ( the Wingmaster and 1100 ) are as good as they've ever been. I, for one, am comfortable in stating that while I`ve not owned and used my V3 walnut to the extent I did my 1983 1100, it`s given me every reason to think that it will prove to be just as reliable and serviceable. Why, even my 2015 870 Express has surpassed my expectations so far!


We've hashed and rehashed this in another thread.

You can have your opinion, I can have mine.

A lot of people share my opinion, and obviously Remington can't afford for many people to share my opinion and stop buying their current production guns.

All it takes is a 5 second google search for "Remington quality". When people's perception of a brand takes a dive, so do sales.

You're entitled to your opinion, but when looking at while a company is failing, a general look at the company's reputation will usually tell you a lot, and Remington's reputation is NOT what is used to be in shooting community.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Thu Aug 06, 2020 12:11 pm 
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Absolutely correct about opinions. Mine has been formulated by my personal experiences with Remington guns and the company as a whole from the 80s all the way until today. ymmv.

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Remington 870 Super Magnum Turkey
Remington V3 Walnut
Remington 870 Express (Realtree Xtra camo)


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Fri Mar 26, 2021 7:59 am 
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ATField wrote:
Guys, I haven't read about it in a while, what is actually going on with remington?! Are they already gone?!


In a word, unknown. Certainly nothing public that I`ve heard. Last we heard, Roundhill, AKA RemArms, was embroiled in legal wrangling with the union. The odds are long indeed that we`ll see another Ilion, NY, American made Remington firearm roll off of the assembly line, IMO.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Fri Mar 26, 2021 8:13 am 
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R.I.P.

Remington Arms Company, LLC

1816 - 2020


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Fri Mar 26, 2021 8:30 am 
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Nothing but false promises, missed deadlines, and endless excuses. It’s all a facade for delaying and doing nothing. By now it’s abundantly clear that this was/is the plan.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sat Mar 27, 2021 4:33 am 
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Quote:
3. The UMWA acknowledges that the scope of the severance claim could be
reduced if Roundhill (the purchaser of the Ilion facility) abided by the APA and employed
UMWA members. To date, however, Roundhill has failed to abide by the APA and the Debtors
have taken no action to enforce all of the terms of the APA, which included the employment of
UMWA members.
4. The result of the foregoing is that over 600 UMWA members remain unemployed
and have rights under the CBA for severance payments.


Filed 3/26/2021, DOC 1735.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sat Mar 27, 2021 5:12 am 
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truth is, Remington over the years has been run into the ground by garbage people that had no knowledge of the firearm, ammo business, they knew profits and that is the reason Remington products suffered and the the business went under


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sat Mar 27, 2021 11:12 am 
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As a Versa Max and recently a V3 owner, I still hope remington auto loaders and pump guns are manufactured by someone in the future. Not for nostalgia reasons, but because they are innovative and reliable designs. I have yet to put rounds through the V3. It was purchased with my young son in mind. He has already shown interest in duck hunting with me, and goes along on occasion. I wanted a soft shooting auto loader he can hunt with when he is big enough. There was 1 26” synthetic V3 on the rack at our local Gander. Hopefully, the guns will be produced again by the time he’s old enough to shoot it, if not he will have this one. I have no idea if Roundhill will ever produce them, and neither does anyone else on this thread. No one has a clue what’s going to happen. Some have posted about remington’s demise before it happened, and were attacked for it. Others became defensive and claimed they had record sales and the company was healthy, only to get egg on their face. All any of us who are fans of remington shotguns and rifles can do is wait and hope the designs make it onto an assembly line somewhere in the future.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sat Mar 27, 2021 1:55 pm 
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SHughes wrote:
As a Versa Max and recently a V3 owner, I still hope remington auto loaders and pump guns are manufactured by someone in the future. Not for nostalgia reasons, but because they are innovative and reliable designs. I have yet to put rounds through the V3. It was purchased with my young son in mind. He has already shown interest in duck hunting with me, and goes along on occasion. I wanted a soft shooting auto loader he can hunt with when he is big enough. There was 1 26” synthetic V3 on the rack at our local Gander. Hopefully, the guns will be produced again by the time he’s old enough to shoot it, if not he will have this one. I have no idea if Roundhill will ever produce them, and neither does anyone else on this thread. No one has a clue what’s going to happen. Some have posted about remington’s demise before it happened, and were attacked for it. Others became defensive and claimed they had record sales and the company was healthy, only to get egg on their face. All any of us who are fans of remington shotguns and rifles can do is wait and hope the designs make it onto an assembly line somewhere in the future.


You’re absolutely right, nobody really knows for sure. I’m personally beginning to wonder, though, IF we ever see another gun with “ Remington “ stamped on it it will have been made in Turkey a la Winchester.

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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sat Mar 27, 2021 1:59 pm 
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Joined: Thu Dec 27, 2018 10:16 am
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Tidefanatic wrote:
SHughes wrote:
As a Versa Max and recently a V3 owner, I still hope remington auto loaders and pump guns are manufactured by someone in the future. Not for nostalgia reasons, but because they are innovative and reliable designs. I have yet to put rounds through the V3. It was purchased with my young son in mind. He has already shown interest in duck hunting with me, and goes along on occasion. I wanted a soft shooting auto loader he can hunt with when he is big enough. There was 1 26” synthetic V3 on the rack at our local Gander. Hopefully, the guns will be produced again by the time he’s old enough to shoot it, if not he will have this one. I have no idea if Roundhill will ever produce them, and neither does anyone else on this thread. No one has a clue what’s going to happen. Some have posted about remington’s demise before it happened, and were attacked for it. Others became defensive and claimed they had record sales and the company was healthy, only to get egg on their face. All any of us who are fans of remington shotguns and rifles can do is wait and hope the designs make it onto an assembly line somewhere in the future.


You’re absolutely right, nobody really knows for sure. I’m personally beginning to wonder, though, IF we ever see another gun with “ Remington “ stamped on it it will have been made in Turkey a la Winchester.

As long as it’s from one of the companies that produces a quality product, and parts will be available again for these products, I’ll be ok with that. The SX4 is a good auto loader for the money.


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 Post subject: Re: Are we discussing Remington bankruptcy yet?
PostPosted: Sat Mar 27, 2021 2:19 pm 
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ATField wrote:
Are they already gone?!


Remington ceased to exist when the Remington assets were liquidated at auction September, 2020. The assets of high value were the Remington ammunition parcels, sold to Vista and Sierra:

"Vista Outdoor will purchase Remington’s Lonoke ammunitions business and certain IP assets for $81.4 million.
Sierra Bullets, which is owned by Clarus Inc., won the bidding for Barnes Bullets, another part of Remington’s ammunition business, with a $30.5 million offer."

That's $111.9 million, the lion's share of the proceeds. Ruger took Marlin for $30 million, so that is the bulk of the auction proceeds at $141.9 million. The rest of Remington Outdoors showed minimal to no value.

The auction proceeds were not remotely close enough to cover the Remington Outdoor debt. Millions were paid to attorneys, making the net proceeds smaller yet. The Huntsville location is up for sale: https://huntsvillebusinessjournal.com/l ... -for-sale/ . If it doesn't sell, the debtors have agreed to pay the city of Huntsville, court documents show. The debtors may have to pony up another $6.5 million or so to United Mine workers.

There is zero evidence currently that anyone is going to manufacture Remington firearms, and why would they?



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