Remington files for bankruptcy

[Grenz]

http://www.cbc.ca/news/business/remington-bushmaster-guns-bankrupt-1.4592970

Remington, a company that began making flintlock rifles when there were only 19 United States, has filed for bankruptcy protection.

Mounting debts at the arms manufacturer have snowballed, ironically, since the election of Donald Trump, who has called himself a "true friend" to the gun industry.

Remington, which has roots dating to 1816, has lined up $100 million US with lenders to continue operations. It remains unclear what will happen to its 3,500 or so employees as it reorganizes.

It appears that US gun manufacturers are struggling during Trump's presidency, due to a lack of fear among the general population that the government will take all the guns away.

Honest question: what happens to the AR-15 now that Remington might go out of business? Can another company attain the licensing and continue production?

 

[Witchhunt]

There are about 9,000 company's making AR like rifles.

 

[Gregolian]

http://forums.sherdog.com/threads/gun-maker-remington-files-for-bankruptcy.3710879/

Just going to quote what I posted in that thread:

While not having a Dem in office certainly has caused sales to go down in general.... Remington as a company has been FUCKED ever since they were bought by Freedom Group.

Freedom Group has purchased Remington, Marlin, and Para Ordnance and Para basically fizzled into non-existence (their claim to fame was double stack .45 1911s which Remington unveiled late last week to which everyone is like 'so... it's a Para, made by shitty ass Freedom Group with a Remington stamp?').

ALL THREE companies, 2 of which are super old school well known, since being purchased by Freedom Group have seen pretty bad quality control dips. Remington had that famous recall of R700's because the triggers would just go off with a minor bump due to piss poor engineering/quality control and Marlin as a whole just has fallen off in quality.

I bet if you look at Glock sales, companies like Anderson, Palmetto State, and others that manufacture/sell stuff like AR lower receivers their sales are still decent. I bet Winchester, Weatherby, Savage, and others are also in that same bracket.

Remington filing for bankruptcy is cause of Freedom Group having pisspoor QC.

EDIT:
@Cubo de Sangre and probably @RerouteToRemain know that I have a Remington 700 short action that I have been using for a project that I will be buying an aftermarket trigger for. I never get after market triggers for bolt guns but cause it's a post Freedom Group Remington I don't trust it.

EDIT 2:
Yes, gun sales of finished product guns like Colt 6920s and such have gone down. But with the amount of stuff on backorder at Brownells and PSA I'd argue sales of gun parts and little modification things are still very healthy.

EDIT 3:
If I was building my precision rifle off of a Weatherby/Howa action I would not replace the trigger.

Also, Remington going out of business won't have any impact on AR-15 sales. Anderson, CMMG, Aero, and others were the primary builders of AR-15 lower receivers. You could say Spikes, Daniel Defense, BCM are the big name primo AR manufacturers.

Frankly, Remington, Ruger, Smith and Wesson are only in the AR business to supplement their other products. Remington supplementing the 870 and 700, Smith their revolver sales, and Ruger their 10/22 and revolvers. Throw Springfield in to supplement their M1A and good but inexpensive 1911s.

If you look at AR-15s, not counting ones that are made out of billet and are instead forged... the forging is done for ALL companies at like three factories. So you might have DD stamped, Spike stamped, BCM stamped receivers being forged in the same factory that forges for PSA, Aero, and Anderson who are far FAR less expensive when compared to the first three companies.

EDIT:
The old school big name companies like Remington, Ruger, Smith and Wesson, and Springfield are only in the AR game to try and have more stuff out there to sell. Remington makes their big bucks off the 870 shotgun and 700 series rifles, Ruger it's the 10/22 and their revolvers, S&W is their revolvers, and like I said Springer it was the M1A and their 1911s. AR sales for those companies are frankly a drop in the bucket.

Now, you see a company like Palmetto State file for bankruptcy or Spikes then yes, that will impact AR sales to some extent as those are two companies a ton of people buy not only complete rifles but parts from.

EDIT 2:
If Federal Ammunition or whatever their parent company name is were to file for bankruptcy that'd be a bigger concern for the firearm industry imo. I don't know many guys other than perhaps precision competition shooters that use brands of ammo that isn't at least somewhat connected to Federal.

 

[Gregolian]

Frankly, Remington is one of those "mid level" companies in the firearm industry anyway.

The R700 used to be a great gun but the Browning X-Bolt, Weatherby Mark Vs, Winchester Model 70s are all better than the R700.

Like yeah, many precision shooters build their chassis bolt guns on the Remington 700 receiver but they USUALLY end up completely replacing the bolt and bolt handle with something custom, replace the trigger with a Timney, replace the stock with like a KRG chassis, and drop a Bratlien, Krieger, PROOF, or Christensen Arms barrel in it so the only thing that is the same that came from Remington is the housing of the bolt essentially.

As to the shotgun their 870 is great but Mossberg also makes the 500 and 590 series that generally you can find at a lesser price and Bennelli has the Nova and SuperNova series which are far and away (barring the fact the SuperNova weighs as much as a car) better than anything Mossberg or Remington offer.

They'll file for bankruptcy and hopefully Freedom Group sells them to another parent company that gives a shit about quality control.

 

[Lord of Lies]

Remington's issue is what Gregolian stated, Freedom Group. Once they were bought by Freedom Group they went to shit. Bad QC, bad new product designs, etc. They same is true for the other companies that Freedom Group bought, like Marlin, Bushmaster, etc.

Gun sales are down but they're going back up. There were over 2.3 million NICS checks for February.

 

[curryjunkie]

Gun sales are down but they're going back up. There were over 2.3 million NICS checks for February.

phew! for a minute there i thought we were going to hell in a handbasket

 

[Lord of Lies]

The best outcome would probably be for them to sell of their assets to a company like Ruger, S&W, etc. Remington only has a few products that are worth anything, mainly the 700 and 870 lines. Their pistol lineup is crap.

 

[Gregolian]

The best outcome would probably be for them to sell of their assets to a company like Ruger, S&W, etc. Remington only has a few products that are worth anything, mainly the 700 and 870 lines. Their pistol lineup is crap.

Their attempts at striker fire pistols was pathetically bad.

 

[JosephDredd]

Jfc a gun company going broke in 2018 Murica is like a casino going bankrupt: not sure how that's possible.


Luckily the gun industry is doing everything it can to convince people that their weapons are in just as much danger now as they were under Obama. We've even got some helpful people on this board spreading the narrative that it's impossible to implement minor gun restrictions without all guns being taken away.

 

[RockstarChris]

my Ar-15 isnt going anywhere

 

[TheFirstEMP]

http://www.cbc.ca/news/business/remington-bushmaster-guns-bankrupt-1.4592970



It appears that US gun manufacturers are struggling during Trump's presidency, due to a lack of fear among the general population that the government will take all the guns away.

Honest question: what happens to the AR-15 now that Remington might go out of business? Can another company attain the licensing and continue production?

They're only where they are because of shit management and board of directors leading to terrible QC. This has been coming for a long time.

 

[TheFirstEMP]

The best outcome would probably be for them to sell of their assets to a company like Ruger, S&W, etc. Remington only has a few products that are worth anything, mainly the 700 and 870 lines. Their pistol lineup is crap.

Fuckin Norinco could make a better clone of any of their guns.

 

[Dolomite]

The demonstration of firearms knowledge in the OP is staggering.

 

[Dolomite]

We've even got some helpful people on this board spreading the narrative that it's impossible to implement minor gun restrictions without all guns being taken away.

which one , this minor restriction?

 

[JosephDredd]

which one , this minor restriction?

Take your pick.

 

[Dolomite]

Take your pick.

My apologies.

No offense over the dodge.