After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. One was the Roundhill Group LLC, which bought Remingtons non-Marlin firearms business for $13 million, a deal that included two factories.
What happened Remington guns?
Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the companys weapons and ammunition holdings. The auction is the culmination of Remingtons second bankruptcy of recent years.
Who is the oldest gun manufacturer in the world?
Beretta Founded in the 16th century, Beretta is the oldest active manufacturer of firearm components in the world. In 1526 its inaugural product was arquebus barrels; by all accounts Beretta-made barrels equipped the Venetian fleet at the Battle of Lepanto in 1571.
Who bought Remington ammunition in 2021?
Vista Outdoor by John Magsam | May 27, 2021 at 1:54 a.m. Vista Outdoor, the new parent of Remington Ammunition with its factory in Lonoke, said surging ammo demand seen during the covid-19 pandemic is different and more sustainable than in years past.